Finance and Development, June 2014.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. External Relations Department.

Contributor:

International Monetary Fund.

Series:

Finance & Development; Finance & Development No 0051/002

Finance & Development

Language:

English

Subjects (All):

International finance.

Physical Description:

1 online resource (60 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2014.

Language Note:

English

Summary:

This chapter highlights various ways Asia’s growth has affected the world economy. The chapter also shows that if currency trends continue, the Asian economy is expected to be larger than that of the United States and Europe combined. Some Asian countries offer sophisticated financial markets and are centers for technological innovation, while others are largely agricultural. The study shows that the region is home to 700 million poor people, about 65 percent of the world’s poor—a figure that stands in stark relief against Asia’s economic strength and growing prosperity. The chapter also references the inquiry by the managing editor of the Journal of Economic Perspectives into the rich and sometimes tortured relationship between economics and virtue.

Contents:

Cover; Contents; DEPARTMENTS; People in Economics; Labor Rewarded: Prakash Loungani profiles Christopher Pissarides, winner of the 2010 Nobel Prize for work on unemployment and labor markets; FEATURES; ASIA REACHING FOR THE TOP; Asia: Achieving Its Potential: The region's success is not guaranteed; Sino Shift: China's rebalancing opens new opportunities for developing Asia; Asian Style: Cultural products are playing an increasing role in the region's economy as disposable incomes rise; The Future of Asian Finance: As Asia leads the world in growth, will its financial systems lead too?

Point of View: Asia's Resilience: The region survived the global crisis and must now cope with a significant worldwide financial and economic transitionGovernance Unbundled: By focusing on the biggest hurdles to growth and development, countries in Asia are more likely to see their governance reform efforts succeed; A Turn to Asia: To sustain its rapidly rising prosperity, Australia should seize on the changing export opportunities in its nearest neighbors 24

Picture This: Kimchi, No Longer Solely Korea's: Kimchi's place as a uniquely Korean dish is being threatened by China's exploding exports of the spicy dishALSO IN THIS ISSUE; Economics and Morality: Economists may prefer to be value neutral, but many critics find fault in the relationship between economics and virtue; No Magic Threshold: There appears to be no clear point above which a nation's debt dramatically compromises medium-term growth; The Cost of Tying One's Hands: There are benefits to pegging the exchange rate-but without a flexible rate, external adjustment can be tough

A Broader Mandate: Central banks are feeling pressure to expand their inflation brief to include politically charged goals such as employment and growthNot Your Father's Service Sector: Services are gaining newfound respect as the basis of modern global trade; Book Reviews; Capital in the Twenty-First Century; The Tyranny of Experts; The Road to Global Prosperity

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed August 11, 2014).

ISBN:

9781475564495

147556449X

9781475535587

1475535589

9781475519235

1475519230