World Bank East Asia and Pacific Economic Update, October 2014: Enhancing Competitiveness in an Uncertain World

World Bank Group

No 20522, World Bank Publications - Reports from The World Bank Group

Abstract: In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases. Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness. The report’s special section focuses on education and skills development; international migration; and the policy priorities for the Pacific Island Countries.

Keywords: International Economics and Trade-Foreign Direct Investment International Economics and Trade-Trade Facilitation Macroeconomics and Economic Growth-Economic Development Macroeconomics and Economic Growth-Economic Policy; Institutions and Governance Macroeconomics and Economic Growth-Financial Economics Macroeconomics and Economic Growth-Fiscal & Monetary Policy Macroeconomics and Economic Growth-Investment and Investment Climate Education-Educational Policy and Planning (search for similar items in EconPapers)
Date: 2014
Note: ISBN 978-1-4648-0430-4
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