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
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Estrada, Gemma B.
- Noland, Marcus
- Park, Donghyun
- Ramayandi, Arief
- Asian Development Bank (ADB)
Time of origin
- 2015