Description: East Asia and the Pacific Confronts the “New Normal”

East Asia and the Pacific Confronts the “New Normal”

Developing East Asia is leading the global economic recovery, although performance varies across the region. In some countries, the monetary stance is already being tightened in light of emerging inflationary pressures; but it is premature to withd...

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Bibliographic Details
Main Author:	Nehru, Vikram
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADB ADVANCED COUNTRIES ADVANCED ECONOMIES ADVERSE EFFECTS ADVERSE IMPACTS AGRICULTURE ALLOCATION ASIAN BOND MARKET BALANCE SHEETS BANK BALANCE SHEETS BANK OFFICE BARRIERS TO INVESTMENT BINDING CONSTRAINT BOND BOND MARKET BOND MARKETS BONDS BOOM-BUST CYCLES BRAIN DRAIN BUDGET DEFICIT CAPITAL STOCK CENTRAL BANK CENTRAL BANKS CLIMATE CHANGE COMMODITIES COMMODITY COMMODITY PRICES COMMUNICATIONS TECHNOLOGY COMPETITIVE ADVANTAGE COMPETITIVENESS CONNECTIVITY CONSUMPTION PATTERNS CONTINGENT LIABILITIES CREDIT GROWTH CREDIT GUARANTEE CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT SURPLUSES DEBT DEBT BURDENS DECISION MAKING DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT ECONOMICS DISECONOMIES OF SIZE ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC MODEL ECONOMIC RECOVERY ECONOMIES OF SCALE EMISSIONS EMPLOYMENT ENERGY CONSUMPTION ENERGY EFFICIENCY ENTRY BARRIERS ENVIRONMENTAL PROTECTION ENVIRONMENTAL SUSTAINABILITY EQUIPMENT EXCESS LIQUIDITY EXPANSIONARY FISCAL POLICY EXPENDITURE EXPORT GROWTH EXPORT MARKETS EXPORTERS EXPORTS EXPOSURE EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL REFORMS FINANCIAL SECTOR FINANCING ARRANGEMENTS FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FORECASTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTORS FREE TRADE FREE TRADE AGREEMENT GDP GDP PER CAPITA GLOBAL CLIMATE GLOBAL ECONOMIC PROSPECTS GLOBAL ECONOMY GLOBAL MARKETS GLOBAL TRADE GOVERNMENT BUDGETS GREEN INVESTMENTS GROWTH RATES HARMONIZATION HOST COUNTRIES HUMAN CAPITAL HURRICANES IMPACTS OF CLIMATE CHANGE IMPORTS INCOME INCOME LEVELS INCOMES INFLATION INFLATION RATE INFLATIONARY PRESSURES INFORMATION FLOWS INFORMATION TECHNOLOGY INSTITUTIONAL INFRASTRUCTURE INSURANCE INSURANCE INSTRUMENTS INTERNATIONAL COOPERATION INTERNATIONAL FINANCE INVENTORY INVESTMENT RATES ISSUANCE JOBS LABOR COSTS LABOR MARKET LABOR MARKETS LABOR SUPPLY LIBERALIZATION LOAN LOAN AMOUNT LOCAL CURRENCY LOW-INCOME COUNTRIES LOW-INCOME ECONOMIES MIDDLE-INCOME COUNTRIES MIDDLE-INCOME ECONOMIES MIGRATION MONETARY POLICIES MONETARY POLICY NATIONAL DEVELOPMENT NATIONAL INFRASTRUCTURE NATURAL DISASTERS NATURAL RESOURCE NATURAL RESOURCES NOW ACCOUNTS OPEN-MARKET OPERATIONS OUTPUT PEER REVIEW PER CAPITA INCOME POLICY MAKERS POWER PARITY PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE SAVINGS PRIVATE SECTOR DEVELOPMENT PRODUCTION STRUCTURES PRODUCTIVITY PUBLIC DEBT PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SERVICES PURCHASING POWER RAPID GROWTH RATES OF INFLATION REAL ESTATE REGIONAL BOND MARKETS REGIONAL INTEGRATION REGULATORY BARRIERS REGULATORY FRAMEWORK REMITTANCE REMITTANCES RESERVE RESERVE REQUIREMENTS RESERVES RETURN RETURNS RISK AVERSION SAVINGS SHORT-TERM LIQUIDITY SMALL ECONOMIES SOCIAL PROTECTION SPOT PRICES STORMS SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH SWAPS TAX TAX STRUCTURE TAXATION TELECOMMUNICATIONS TRACK RECORD TRADE BALANCE TRADE BARRIERS TRADE LIBERALIZATION TRADING TRANSPARENCY TRANSPORT UNEMPLOYMENT URBANIZATION VALUE ADDED VOLATILITY WAGES WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2010/07/12595362/east-asia-pacific-confronts-new-normal http://hdl.handle.net/10986/10170

Description
Summary:	Developing East Asia is leading the global economic recovery, although performance varies across the region. In some countries, the monetary stance is already being tightened in light of emerging inflationary pressures; but it is premature to withdraw the fiscal stimulus until the global recovery is on a firmer footing. Fortunately, most countries in the region have adequate fiscal space and relatively low debt burdens. To ensure that the momentum of the recovery transitions into sustainable and inclusive growth over the medium term, the governments in the region must once again focus their attention on medium-term structural reforms. This means different policy priorities in different countries especially given the diversity of the region. In addition, the region faces two common priorities regional economic integration and climate change. Making progress on both fronts will be critical to the region's medium-term prospects.

East Asia and the Pacific Confronts the “New Normal”

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