Arbeitspapier

Financing Asia's Growth

Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region into middle-income status. The evolving shift in the region's growth paradigm from one based primarily on investment to one based on both investment and productivity growth also underscores the urgency for financial development. For economic growth to benefit more from a sound and efficient financial system, financial development should be complemented with structural and policy reforms in other areas. This means that financial development and inclusion work best in a policy environment that is conducive to growth and development.

Language
Englisch

Bibliographic citation
Series: ADB Economics Working Paper Series ; No. 438

Classification
Wirtschaft
Financial Markets and the Macroeconomy
Financial Institutions and Services: General
Financial Institutions and Services: Government Policy and Regulation
Subject
economic growth
finance sector
financial development
financial inclusion
productivity

Event
Geistige Schöpfung
(who)
Estrada, Gemma B.
Noland, Marcus
Park, Donghyun
Ramayandi, Arief
Event
Veröffentlichung
(who)
Asian Development Bank (ADB)
(where)
Manila
(when)
2015

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Estrada, Gemma B.
  • Noland, Marcus
  • Park, Donghyun
  • Ramayandi, Arief
  • Asian Development Bank (ADB)

Time of origin

  • 2015

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