Arbeitspapier

Growth and Trade Horizons for Asia: Long-term Forecasts for Regional Integration

With the emergence of People's Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have been changed. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting patterns of regional specialization and their consequences for growth and structural change in the Asian economies. The central role of trade is examined through analysis of a variety of hypothetical global and regional trade agreements. Our results indicate that trade within the Asian region is far from reaching its potential, and policies that facilitate integration and more efficient regional trade can accelerate growth, especially for lower-income Asia. A deeper and more inclusive Asian free trade area can achieve for its members large benefits. As a emerging growth bridge between the PRC and India, ASEAN economies have the most to gain from Asian economic integration.

Sprache
Englisch

Erschienen in
Series: ERD Working Paper Series ; No. 74

Klassifikation
Wirtschaft
Thema
Internationale Wirtschaft
Wirtschaftswachstum
Wirtschaftsintegration
Prognose
Asien

Ereignis
Geistige Schöpfung
(wer)
Roland-Holst, David
Verbiest, Jean-Pierre
Zhai, Fan
Ereignis
Veröffentlichung
(wer)
Asian Development Bank (ADB)
(wo)
Manila
(wann)
2005

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Roland-Holst, David
  • Verbiest, Jean-Pierre
  • Zhai, Fan
  • Asian Development Bank (ADB)

Entstanden

  • 2005

Ähnliche Objekte (12)