Inclusive Development in Myanmar: Learning from Neighbours. Thangavel Palanivel UNDP Regional Bureau for Asia-Pacific

Size: px
Start display at page:

Download "Inclusive Development in Myanmar: Learning from Neighbours. Thangavel Palanivel UNDP Regional Bureau for Asia-Pacific"

Transcription

1 Inclusive Development in Myanmar: Learning from Neighbours Thangavel Palanivel UNDP Regional Bureau for Asia-Pacific

2 Outline Myanmar vis-à-vis its neighbours Economic reforms in selected Asian countries Salient features and lessons for Myanmar

3 Myanmar s progress on human development is more rapid compared to its neighbours (low base effect); but its HDI value (0.48) is still low

4 Myanmar s HDI ranking improved in recent years, but it is still low ranking out of 187 countries (2011) Source: UNDP HDR 2011 HDI ranking Malaysia 61 China 101 Thailand 103 Philippines 112 Indonesia 124 Viet Nam 128 India 134 Lao PDR 138 Cambodia 139 Bangladesh 146 Myanmar 149

5 Myanmar s adult literacy rate is relatively high (over 90%), but quality of education remains a concern; Children spent less than four years in the school - lowest in Asia

6 Despite similar levels in the 1960s, the per capita income of China, Malaysia, and Thailand pulled ahead more than five times Non-income HDI seems to drive the progress of HDI in Myanmar

7 Poverty declined significantly in Myanmar during , but one third of population continues to face multidimensional deprivations

8 Myanmar s social sector expenditure as % of GDP is lowest in the region; its historical legacy has contributed to its non-income HDI values

9 An Overview of Economic Reforms in Selected Asian Countries

10 GDP Growth at the Time of Economic Reforms in Selected Asian countries China, Vietnam and Laos initiated their reforms in a stable economic environment India and Cambodia initiated their economic in a unstable environment (due to economic crisis) Starting year Period GDP Growth CPR VIE LAO IND CMB

11 Conditions before the economic reforms Motivation has generally been to improve the socio-economic development Poverty Incidence is very high at the onset of economic reform $1.25 a day $2.00 a day China Vietnam IND Lao External trade (as % of GDP) is not only low, but trade balance is also high during Pre- Reform period Exports Imports balance CPR VIE LAO IND CMB

12 China s reforms in stages The first stage from 1978 to 1984: Reforms started in the countryside with the introduction of the household responsibility system and liberalization of agricultural prices and markets. The second stage from 1984 to 2000: privatization and contracting out of much state-owned industry, the lifting of price controls and protectionist policies and unification of exchange rate with managed floating system. The third stage from 2000 to 2005: China accessed into the WTO in 2001China became member of WTO in 2001 The fourth stage from 2005 to now: improving social protection and reforming banking sector This illustrated Chinese gradualism in the transition.

13 India s Reforms Initial reforms focused on reducing fiscal deficit Trade reforms - removal of quantitative restrictions along with rationalization of the tariff structure Exchange rate reforms- unification of rates and shift to a market determined exchange rate; large depreciation Financial sector reforms - entry of new private and foreign banks; operational autonomy to banks (interest rates largely deregulated) Industry - State monopoly abolished in virtually all sectors

14 Viet Nam s Reforms Doi Moi or renovation started in 1986 Like China, early reform focused on agriculture; farm prices deregulated, and farm subsides eliminated During , a major devaluation and unification of exchange rates; the elimination of direct budget subsidies to state owned enterprises (SOEs); a sharp reduction in monetary and credit growth; the reduction of the number of SOEs; and a widening of the "open door" policy Bilateral Trade Agreements signed including with the US in 2001; WTO accession in 2007

15 Key features and lessons learned

16 Key Features Reforms in Asia have been Gradual" rather than "big bang as in Europe and Central Asia Experimental and incremental Focusing on outward orientation - trade & exchange Fostering high levels of savings, plus public and private investment

17 Lessons Learned High growth can cause inequalities; ensuring inclusiveness through policy is essential Agricultural reforms can create pro-reform constituencies in nonagricultural sectors Presence of an external anchor can assist domestic reforms e.g., ASEAN Free Trade, WTO Trade and FDI are important; can facilitate technology and knowledge transfer Protect people during transitions Sequencing of reforms is critical Pragmatic leadership is vital

VIETNAM S ECONOMY A SWOT ANALYSIS

VIETNAM S ECONOMY A SWOT ANALYSIS VIETNAM S ECONOMY A SWOT ANALYSIS The 15th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management Vu Thanh Tu Anh Fulbright Economics Teaching Program Email: anhvt@fetp.vnn.vn

More information

The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned

The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned The ASEAN Comprehensive on Investment Agreement (ACIA): possible lesson learned MENA-OECD Conferences: WG-1 on Investment Policies and Promotion, 15-16 December 2010, Paris, France Rizar Indomo Nazaroedin

More information

EXPERT MEETING on. Geneva, 24-25 September 2007. Foreign Direct Investment in Vietnam. Ms. Le Hai Van

EXPERT MEETING on. Geneva, 24-25 September 2007. Foreign Direct Investment in Vietnam. Ms. Le Hai Van EXPERT MEETING on COMPARING BEST PRACTICES FOR CREATING AN ENVIRONMENT CONDUCIVE TO MAXIMIZING DEVELOPMENT BENEFITS, ECONOMIC GROWTH AND INVESTMENT IN DEVELOPING COUNTRIES AND COUNTRIES WITH ECONOMIES

More information

Joseph E. Zveglich, Jr.

Joseph E. Zveglich, Jr. Joseph E. Zveglich, Jr. Assistant Chief Economist, Asian Development Bank 1 Overseas Development Institute London, 12 April 2012 Key messages Developing Asia to maintain growth momentum despite weak global

More information

Trends in Growth and Poverty in Asia: An Economic Background Paper for ASREP

Trends in Growth and Poverty in Asia: An Economic Background Paper for ASREP Trends in Growth and Poverty in Asia: An Economic Background Paper for ASREP Executive Summary, January 2003 This study examines growth and poverty reduction in the six economies that are most significant

More information

Poverty and Inequality in Indonesia. From Suharto to SBY

Poverty and Inequality in Indonesia. From Suharto to SBY Poverty and Inequality in Indonesia From Suharto to SBY The Asian Debate on Poverty In Asia the debate on the benefits of economic growth began in the 1970. In Indonesia there were heated debates from

More information

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE

INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE INVESTMENT PROMOTION, STRATEGIES, POLICIES AND PRACTICES MALAYSIA S EXPERIENCE OECD China Conference on Foreign Investment 11 12 September 2000 Xiamen, People s Republic of China By Kaziah Abdul Kadir

More information

Southeast Asia Development: A Japanese Perspective

Southeast Asia Development: A Japanese Perspective Southeast Asia Development: A Japanese Perspective Masahiro Kawai Graduate School of Public Policy University of Tokyo Past is Prologue for Southeast Asia Development: Japan and U.S. Perspectives Carnegie

More information

The Electricity Sector Leads Energy Market Integration in East Asia: Introduction

The Electricity Sector Leads Energy Market Integration in East Asia: Introduction Chapter 1 The Electricity Sector Leads Energy Market Integration in East Asia: Introduction Yanrui Wu University of Western Australia Xunpeng Shi Economic Research Institute for ASEAN and East Asia (ERIA)

More information

ASEAN Capital Market Integration and Lessons from the European Union

ASEAN Capital Market Integration and Lessons from the European Union ASEAN Capital Market Integration and Lessons from the European Union 44 th IAFEI World Congress: Global Recovery Amidst Reforms Makati Shangri-la 16 October 2014 Thiam Hee Ng, Senior Economist Asian Development

More information

Understanding the Trans-Pacific Partnership. Jeffrey J. Schott Barbara Kotschwar Julia Muir

Understanding the Trans-Pacific Partnership. Jeffrey J. Schott Barbara Kotschwar Julia Muir Understanding the Trans-Pacific Partnership Jeffrey J. Schott Barbara Kotschwar Julia Muir December 19, 2012 The TPP: A Big Deal in the Making? The GDP of TPP-11 countries is $21 trillion or 30 percent

More information

Economies PwC Melbourne Institute Asialink Index: PwC Melbourne Institute Asialink Index: ANZ Services Report

Economies PwC Melbourne Institute Asialink Index: PwC Melbourne Institute Asialink Index: ANZ Services Report Economies PwC Melbourne Institute Asialink Index: ANZ Report 2012 13 Economies This chapter compares the strength in Australia s trade with a number of important trading partners. We look individually

More information

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document

Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations. Consultation Document Negotiation of a Free Trade Agreement between Hong Kong and the Association of Southeast Asian Nations Consultation Document INTRODUCTION The Government of the Hong Kong Special Administrative Region will

More information

Social Protection in ASEAN Policy gaps and common challenges. Cheng Boon Ong 17 November 2014, Bangkok

Social Protection in ASEAN Policy gaps and common challenges. Cheng Boon Ong 17 November 2014, Bangkok Social Protection in ASEAN Policy gaps and common challenges Cheng Boon Ong 17 November 2014, Bangkok Methodology ABND for 7 Member States: Vietnam 2010-2011 Cambodia 2011-2012 Indonesia 2011-2012 Thailand

More information

Overview of Asian Insurance Markets

Overview of Asian Insurance Markets Overview of Asian Insurance Markets Simon Walpole Session Number: TPS2 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ Market Ranking in Asia Notes: 1. Colored boxes

More information

H.E. Ambassador K. Kesavapany, Director, Institute of Southeast Asian Studies

H.E. Ambassador K. Kesavapany, Director, Institute of Southeast Asian Studies KEYNOTE ADDRESS BY H.E. S. PUSHPANATHAN, DEPUTY SECRETARY GENERAL OF ASEAN FOR ASEAN ECONOMIC COMMUNITY AT THE LAUNCH OF UNDP s REGIONAL SYNTHESIS REPORT ON THE GLOBAL ECONOMIC AND FINANCIAL CRISIS AND

More information

Challenges for Capital Market Development in Asia

Challenges for Capital Market Development in Asia Challenges for Capital Market Development in Asia Osaka, 30 October 2014 Masamichi Kono Vice Minister for International Affairs President, Asian Financial Partnership Center Financial Services Agency,

More information

U.S. Agriculture and International Trade

U.S. Agriculture and International Trade Curriculum Guide I. Goals and Objectives A. Understand the importance of exports and imports to agriculture and how risk management is affected. B. Understand factors causing exports to change. C. Understand

More information

China s Accession to the WTO and its Impact on the Asian Economy. C. H. Kwan Nomura Research Institute

China s Accession to the WTO and its Impact on the Asian Economy. C. H. Kwan Nomura Research Institute Introduction China s Accession to the WTO and its Impact on the Asian Economy C. H. Kwan Nomura Research Institute After fifteen years of tough negotiation, China is poised to join the World Trade Organization

More information

12th EU-China Round Table. Report on Surpassing GDP: The New Version of Human Development Index

12th EU-China Round Table. Report on Surpassing GDP: The New Version of Human Development Index European Economic and Social Committee Brussels, 8 October 2012 12th EU-China Round Table Report on Surpassing GDP: The New Version of Human Development Index Rapporteur: He Chuanqi, China Center for Modernization

More information

Facilitating Economic Integration in Asia-Pacific through Aid for Trade. 23 April 2014 // Tunis Mia Mikic Teemu Alexander Puutio

Facilitating Economic Integration in Asia-Pacific through Aid for Trade. 23 April 2014 // Tunis Mia Mikic Teemu Alexander Puutio Facilitating Economic Integration in Asia-Pacific through Aid for Trade 23 April 2014 // Tunis Mia Mikic Teemu Alexander Puutio ODA finally on the rebound Globally development aid rose by 6.1% in real

More information

DEPUTY GOVERNOR, BANK OF LAO PDR IMF AND JICA JOINT CONFERENCE ON FRONTIER AND

DEPUTY GOVERNOR, BANK OF LAO PDR IMF AND JICA JOINT CONFERENCE ON FRONTIER AND DOLLARIZATION OR DE- DOLLARIZATION LAO EXPERIENCE ON DE-DOLLARIZATION DOLLARIZATION BY VATHANA DALALOY, DEPUTY GOVERNOR, BANK OF LAO PDR IMF AND JICA JOINT CONFERENCE ON FRONTIER AND DEVELOPING ASIA: SUPPORTING

More information

Asian Development Bank

Asian Development Bank March 2012 Asian Development Bank Asian Development Bank SNV Netherlands Development Organization - - - - - - Inclusive Business and Social Enterprise in Vietnam Purpose, Methodology

More information

SCIENCE AND TECHNOLOGY DEVELOPMENT IN VIETNAM AND INTERNATIONAL COOPERATION POLICY

SCIENCE AND TECHNOLOGY DEVELOPMENT IN VIETNAM AND INTERNATIONAL COOPERATION POLICY SCIENCE AND TECHNOLOGY DEVELOPMENT IN VIETNAM AND INTERNATIONAL COOPERATION POLICY Dang Bao Ha Centre for Information Analysis National Agency for Science and Technology Information - NASATI 24 Ly Thuong

More information

ICT Development Index (IDI)

ICT Development Index (IDI) ITU Regional Forum and Training Workshop on Telecommunication/ICT Indicators: Measuring the Information Society and ITU ASEAN Meeting on Establishing National ICT Statistics Portals and Measuring ASEAN

More information

Japan-Mexico Renewed Partnership in the Asia-Pacific

Japan-Mexico Renewed Partnership in the Asia-Pacific Japan-Mexico Renewed Partnership in the Asia-Pacific --- Uncertainties and Responses --- Asia-Pacific Economic Integration Seminar JETRO/CEESP Prof. Yorizumi WATANABE Faculty of Policy Management KEIO

More information

Indicators of Globalization and Poverty. Overview

Indicators of Globalization and Poverty. Overview Indicators of Globalization and Poverty Overview Questions for Globalization What is economic globalization? Factors deriving globalization? How do we measure globalization? What is economic globalization?

More information

Macroeconomic Impacts of Energy Prices in the Pacific

Macroeconomic Impacts of Energy Prices in the Pacific PFTAC Regional Papers Macroeconomic Impacts of Energy Prices in the Pacific 1 P age July 2010 This paper was prepared by Matt Davies (PFTAC) and Craig Sugden (ADB). The views expressed are those of the

More information

Asian Development Bank Institute. ADBI Working Paper Series

Asian Development Bank Institute. ADBI Working Paper Series ADBI Working Paper Series Is It Desirable for Asian Economies to Hold More Asian Assets in Their Foreign Exchange Reserves? The People s Republic of China s Answer Bin No. 306 August 2011 Asian Development

More information

The Greater Mekong Subregion at 20. Progress and Prospects

The Greater Mekong Subregion at 20. Progress and Prospects The Greater Mekong Subregion at 20 Progress and Prospects The Greater Mekong Subregion at 20 Progress and Prospects 2012 Asian Development Bank All rights reserved. Published in 2012. Printed in the Philippines.

More information

Overview of East Asia Infrastructure Trends and Challenges

Overview of East Asia Infrastructure Trends and Challenges Overview of East Asia Infrastructure Trends and Challenges Christian Delvoie. Director, Knowledge Strategy Group, The World Bank Until September 28: Director, Sustainable Development, East Asia and Pacific

More information

UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members

UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members UNITED NATIONS Economic and Social Commission for Asia and the Pacific 53 member States 9 associate members South and South-West Asia Afghanistan Bangladesh Bhutan India Iran Maldives Nepal Pakistan Sri

More information

Australia s position in global and bilateral foreign direct investment

Australia s position in global and bilateral foreign direct investment Australia s position in global and bilateral foreign direct investment At the end of 213, Australia was the destination for US$592 billion of global inwards foreign direct investment (FDI), representing

More information

The Trans-Pacific Partnership and Asia-Pacific Integration: Brief overview. Peter A. Petri, Michael G. Plummer and Fan Zhai February 2015

The Trans-Pacific Partnership and Asia-Pacific Integration: Brief overview. Peter A. Petri, Michael G. Plummer and Fan Zhai February 2015 The Trans-Pacific Partnership and Asia-Pacific Integration: Brief overview Peter A. Petri, Michael G. Plummer and Fan Zhai February 2015 Bottom line The TPP is important: Asian and Trans-Pacific trade

More information

Economic Change in India

Economic Change in India Adam Cagliarini and Mark Baker* India has become an increasingly important part of the global economic landscape over the past decade. Its economy has become more open to international trade, its workforce

More information

Cooperation between KDI School (KDIS) and World Bank Institute (WBI): Building Capacity for Development in Asia

Cooperation between KDI School (KDIS) and World Bank Institute (WBI): Building Capacity for Development in Asia Cooperation between KDI School (KDIS) and World Bank Institute (WBI): Building Capacity for Development in Asia September 21, 2005 Ji-Hong Kim World Bank Institute I. Introduction of KDI I-1. Organization

More information

Trends in Foreign Direct Investment Inflows

Trends in Foreign Direct Investment Inflows Trends in Foreign Direct Investment Inflows This article briefly examines recent trends in foreign direct investment in Australia, both in the context of the longer-term perspective and relative to the

More information

Kazushi Yamauchi MD, PhD, MPH. Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan

Kazushi Yamauchi MD, PhD, MPH. Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan Kazushi Yamauchi MD, PhD, MPH Office of International Cooperation, Division of International Affairs, Ministry of Health, Labour and Welfare, Japan 1 Contents 1. Ageing in the ASEAN plus 3 countries 2.

More information

Global Infrastructure: Trend Monitor

Global Infrastructure: Trend Monitor Global Infrastructure: Trend Monitor Southeast Asian Transport Edition: Outlook 2010 2014 ADVISORY The Global Infrastructure: Trend Monitor is a series of publications allowing infrastructure expenditure

More information

Economic Outlook for Southeast Asia, China and India 2015

Economic Outlook for Southeast Asia, China and India 2015 Economic Outlook for Southeast Asia, China and India 2015 The full report is available on line at: http://dx.doi.org/10.1787/saeo-2015-en The full report is published on the OECD ilibrary, www.oecd-ilibrary.org,

More information

Building the International Think Tank Network of China-ASEAN Universities

Building the International Think Tank Network of China-ASEAN Universities 南 Nanning 宁 The 6 th ASEAN+3 Heads of International Relations Meeting 2016 Building the International Think Tank Network of China-ASEAN Universities Dr. Wei Mao China-ASEAN Research Institute of Guangxi

More information

Viet Nam Green Growth Strategy!

Viet Nam Green Growth Strategy! Support towards! Viet Nam Green Growth Strategy! in Thanh Hoa Scott Muller Low Emissions Asian Development (LEAD) Program Institute for Sustainable Communities (USAID Contractor) Thanh Hoa, Vietnam 11

More information

Shifts in Production in East Asia

Shifts in Production in East Asia Laura Berger-Thomson and Mary-Alice Doyle* Over the past few decades, manufacturing production has shifted from the higher to the lower income in east Asia. This article uses input-output analysis to explore

More information

Assessment the Effect of Free Trade Agreements on Exports of Lao PDR

Assessment the Effect of Free Trade Agreements on Exports of Lao PDR ARTNeT Workshop: Trade and Investment for Tomorrow: Promoting Asia-Pacific Regional Integration Assessment the Effect of Free Trade Agreements on Exports of Lao PDR Bounlert VANHNALAT and Alay PHONVISAY

More information

Reform of the WTO: An Asian Perspective

Reform of the WTO: An Asian Perspective Reform of the WTO: An Asian Perspective Masahiro Kawai Graduate School of Public Policy University of Tokyo The 26th GSDM Platform Seminar "Mega-FTAs and Global Trade Governance" Organized by the Global

More information

India s Economic Reforms

India s Economic Reforms ERD POLICY BRIEF SERIES Economics and Research Department Number 2 India s Economic Reforms What Has Been Accomplished? What Remains to Be Done? Arvind Panagariya Asian Development Bank http://www.adb.org

More information

Competition based Industrial Policy. Outline. What is industrial policy? What is industrial policy? Framework for Industrial Policy

Competition based Industrial Policy. Outline. What is industrial policy? What is industrial policy? Framework for Industrial Policy What is industrial policy? Competition based Industrial Mari Pangestu Jakarta, May 3, 2005 Source of growth often thought to matter: indigenous vs. foreign Is it confined to industries/manufacturing? How

More information

I. World trade developments

I. World trade developments I. World trade developments World merchandise exports grew by 2 per cent in value terms in 2013 while exports of commercial services increased by per cent. Key developments in 2013: a snapshot Trade data

More information

THAILAND. 1. Market Trends: Import Opportunities and Consumption. Items 2002 2006 Change in % Major Markets in %

THAILAND. 1. Market Trends: Import Opportunities and Consumption. Items 2002 2006 Change in % Major Markets in % THAILAND A. MARKET FOR FRESH FRUITS & VEGETABLES 1. Market Trends: Import Opportunities and Consumption Items 2002 2006 Change in % Major Markets in % Value Quantity Value Quantity Value Quantity $'000

More information

General Overview and Summary

General Overview and Summary General Overview and Summary Mitsuhiro Kagami A study group has been organized to make a China-Japan comparison of economic relationships with the Mekong River Basin (MRB) countries which include Cambodia,

More information

Chapter 11. Development Policymaking and the Roles of Market, State, and Civil Society. Copyright 2009 Pearson Addison-Wesley. All rights reserved.

Chapter 11. Development Policymaking and the Roles of Market, State, and Civil Society. Copyright 2009 Pearson Addison-Wesley. All rights reserved. Chapter 11 Development Policymaking and the Roles of Market, State, and Civil Society Copyright 2009 Pearson Addison-Wesley. All rights reserved. Outline 1. Pendulum Swings in Theory and Practice 2. Some

More information

ECON ~... Internal ~ =:: Prepared by USAID's Eco mlcs/prlv e Sector Division for USAID USAID Lessons m the East Asian Economic Tigers

ECON ~... Internal ~ =:: Prepared by USAID's Eco mlcs/prlv e Sector Division for USAID USAID Lessons m the East Asian Economic Tigers ..,.. ECON ~... Internal ~ =:: Prepared by USAID's Eco mlcs/prlv e Sector Division for USAID USAID Lessons m the East Asian Economic Tigers Summary From his study of the reason for the success of the east

More information

STRENGTHENING PAKISTAN S ECONOMIC DEVELOPMENT

STRENGTHENING PAKISTAN S ECONOMIC DEVELOPMENT STRENGTHENING PAKISTAN S ECONOMIC DEVELOPMENT THROUGH INTERNATIONAL TRADE Shabbir Ahmad a, Noor Al-Huda Abdul Karim b a Department of Economics, CEMIS, University of Nizwa, Oman. b Department of Economics,

More information

The global economy in 2007

The global economy in 2007 Introduction The global economy in 27 Global output grew 3.8 percent in 27, receding slightly from 4 percent in 26. The downturn was greatest in high-income economies, where growth fell from 3 percent

More information

Section 4 Automotive policies in Mexico, Thailand and India

Section 4 Automotive policies in Mexico, Thailand and India Section 4 Automotive policies in Mexico, Thailand and India World automobile sales volume of declined in 2008 and 2009 due to sales drops in advanced economies but resumed growing in 2010. Since then,

More information

Chapter 10. Trade Policy in Developing Countries. Slides prepared by Thomas Bishop

Chapter 10. Trade Policy in Developing Countries. Slides prepared by Thomas Bishop Chapter 10 Trade Policy in Developing Countries Slides prepared by Thomas Bishop Preview Import substituting industrialization Trade liberalization since 1985 Export oriented industrialization Copyright

More information

INSURANCE DEVELOPMENT PLAN Volume II (2010-2014)

INSURANCE DEVELOPMENT PLAN Volume II (2010-2014) INSURANCE DEVELOPMENT PLAN Volume II (2010-2014) 1 PREFACE The Insurance industry plays a significant role in the social and economic development of a nation, serving as a contributing source of long-

More information

List of tables. I. World Trade Developments

List of tables. I. World Trade Developments List of tables I. World Trade Developments 1. Overview Table I.1 Growth in the volume of world merchandise exports and production, 2010-2014 39 Table I.2 Growth in the volume of world merchandise trade

More information

Thailand and ASEAN. 1. ASEAN: Forty Five Years of Achievements

Thailand and ASEAN. 1. ASEAN: Forty Five Years of Achievements Thailand and ASEAN 1. ASEAN: Forty Five Years of Achievements Since its inception in 1967, the Association of Southeast Asian Nations (ASEAN) has made a number of achievements towards regional peace, stability,

More information

Myanmar: Asia s Next Tiger? A Wave of Change and The Way Forward

Myanmar: Asia s Next Tiger? A Wave of Change and The Way Forward Myanmar: Asia s Next Tiger? A Wave of Change and The Way Forward Snapshot After 50 years of military rule, the nominally civilian government of 2010 has lent a positive outlook to the political and economic

More information

Forecasting Chinese Economy for the Years 2013-2014

Forecasting Chinese Economy for the Years 2013-2014 Forecasting Chinese Economy for the Years 2013-2014 Xuesong Li Professor of Economics Deputy Director of Institute of Quantitative & Technical Economics Chinese Academy of Social Sciences Email: xsli@cass.org.cn

More information

Economic Growth Rates

Economic Growth Rates 4 Economic Growth Rates Will the poor countries catch up with the rich? GDP and GNP growth rates in developing countries are on average higher than those in developed countries. Moreover, the difference

More information

FY2015 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey

FY2015 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey Japan External Trade Organization FY2015 Survey on the International Operations of Japanese Firms JETRO Overseas Business Survey March 3, 2016 Japan External Trade Organization (JETRO) Table of contents

More information

Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report

Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Key Findings (preliminary): Asia Pacific Visitor Forecasts 2014-2018 Report Please Note The findings presented here are preliminary and as delivered at the ASEAN Tourism Forum, January 2014. Final checks

More information

Preservation Data Center Service Expansion Strategy in Vietnam

Preservation Data Center Service Expansion Strategy in Vietnam Data Center Service Expansion Strategy in Vietnam 276 Preservation Data Center Service Expansion Strategy in Vietnam Hideki Takagi Yoshiyuki Oba OVERVIEW: Noting an increase in enquiries about offshore

More information

Mr. Chairman, Mr. President, distinguished Governors, ladies and gentlemen,

Mr. Chairman, Mr. President, distinguished Governors, ladies and gentlemen, Statement by Mr. Jun AZUMI, Minister of Finance of Japan, at the Forty-Fifth Annual Meeting of the Board of Governors of the Asian Development Bank (Manila, Philippines, May 4, 2012) 1. Introduction Mr.

More information

A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION

A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION A COMPARATIVE ANALYSIS OF GMS-CBTA AND ASEAN AGREEMENTS ON TRANSPORT FACILITATION Nguyen Van Thach International Cooperation Department Ministry of Transport of Vietnam nvthach@mt.gov.vn Bangkok, Phuket,

More information

The evolution of New Zealand s trade flows

The evolution of New Zealand s trade flows The evolution of New Zealand s trade flows Victoria Yili Zhang New Zealand s trading patterns have changed considerably in recent years. Our trade is increasingly oriented towards the Asia-Pacific region,

More information

Australia-ASEAN Business relations August Mark Thirlwell, Chief Economist

Australia-ASEAN Business relations August Mark Thirlwell, Chief Economist August 2016 Mark Thirlwell, Chief Economist WHY ASEAN AND WHY NOW? SIX DRIVERS AND SIX OPPORTUNITIES WHY ASEAN AND WHY NOW? A KEY RESOURCE PRODUCED BY AUSTRADE AND DFAT 3 WHY ASEAN AND WHY NOW? SIX REASONS

More information

Trade-Weighted Exchange Rate Indices: Explaining Industrial Production

Trade-Weighted Exchange Rate Indices: Explaining Industrial Production Al-Rashidi and Lahiri, Journal of International and Global Economic Studies, 5(2), December 2012, 24-31 24 Trade-Weighted Exchange Rate Indices: Explaining Industrial Production Atef Al-Rashidi and Bidisha

More information

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC Asian Business Dialogue on Corporate Governance 2012 The Energy Sector in ASEAN: Opportunities and Challenges Khun Surong Bulakul 1ACE-LIC Outline ASEAN Energy Overview ASEAN Energy Consumption Efficiency

More information

Goal 2: Achieve Universal Primary Education

Goal 2: Achieve Universal Primary Education 92 Goal 2: Achieve Universal Primary Education In eight economies in the region including a number from the Pacific, total net enrollment ratios in primary education are below 80%. Eleven economies including

More information

Index. Copyright material from - licensed to npg - PalgraveConnect - 2016-09-16

Index. Copyright material from  - licensed to npg - PalgraveConnect - 2016-09-16 Index AMIA (Mexican Association of the Automotive Industry), 90, 108 automobile demand ageing of population, 9 emerging economies, 206 7 financing, 8 post-recession, 1 2 role of income distribution and

More information

Recent trends of dynamically growing and developing life insurance markets in Asia

Recent trends of dynamically growing and developing life insurance markets in Asia Recent trends of dynamically growing and developing life insurance markets in Asia Tomikazu HIRAGA, Ph.D. and LL.M. General Manager for Asia, NLI Research Institute Asia is a growth market where foreign

More information

The East Asian Miracle Main characteristics of the Asian Miracle

The East Asian Miracle Main characteristics of the Asian Miracle The East Asian Miracle Main characteristics of the Asian Miracle Rapid economic growth (GDP, per capita GDP) Persistence of rapid economic growth an unprecedented long period of economic expansion (> 25

More information

Export generation: Republic of Korea

Export generation: Republic of Korea COUNTRY BENCHMARKS Export generation: Republic of Korea Abstract South Korea is one of the top 10 exporters in the world, registering a growth of exports as percentage of GDP from 29 in 1995 to 52 in 2009.

More information

The Burden of Cancer in Asia

The Burden of Cancer in Asia P F I Z E R F A C T S The Burden of Cancer in Asia Medical Division PG283663 2008 Pfizer Inc. All rights reserved. Printed in USA/December 2008 In 2002, 4.2 million new cancer cases 39% of new cases worldwide

More information

Current challenges in delivering social security health insurance

Current challenges in delivering social security health insurance International Social Security Association Afric ISSA Meeting of Directors of Social Security Organizations in Asia and the Pacific Seoul, Republic of Korea, 9-11 November 2005 Current challenges in delivering

More information

GMS Economic Cooperation Program

GMS Economic Cooperation Program GMS Economic Cooperation Program In 1992, six countries bordering the Mekong River Cambodia, People s Republic of China (specifically, Yunnan province and later, Guangxi Zhuang Autonomous Region), Lao

More information

Economic Outlook for Southeast Asia, China and India 2016

Economic Outlook for Southeast Asia, China and India 2016 OVERVIEW Economic Outlook for Southeast Asia, China and India 2016 ENHANCING REGIONAL TIES Overview: Promoting growth through structural reform and regional integration Key messages Outlook and general

More information

B. SERVICES TRADE: PROMISING GROWTH

B. SERVICES TRADE: PROMISING GROWTH B. SERVICES TRADE: PROMISING GROWTH B. SERVICES TRADE: PROMISING GROWTH 1. COMMERCIAL SERVICES TRADE: DOWN BUT NOT OUT Commercial services trade showed promising growth in the first three quarters of 28,

More information

Seizing Opportunities in Asia and Beyond

Seizing Opportunities in Asia and Beyond Seizing Opportunities in Asia and Beyond Asia, the region of growth opportunities 30% Projected contribution from Asia (excluding Japan) to global GDP in 2020. Today, Asia is the world s fastest growing

More information

The Emerging ASEAN Economic Community (AEC 2015) in the Wider Regional and Global Economy A Macro View (Part 1) 1

The Emerging ASEAN Economic Community (AEC 2015) in the Wider Regional and Global Economy A Macro View (Part 1) 1 April 2012 The Emerging ASEAN Economic Community (AEC 2015) in the Wider Regional and Global Economy A Macro View (Part 1) 1 By George Abonyi Introduction George Abonyi is Visiting Professor in the Department

More information

Goal 5: Improve Maternal Health

Goal 5: Improve Maternal Health 107 In the Asia and Pacific region, maternal mortality ranges from 1 per 100,000 live births in Hong Kong, China to 1,800 in Afghanistan. The People s Republic of China (PRC) has a rather low rate of 45

More information

Mainstreaming Disaster Risk Reduction into National and Sectoral Development Process

Mainstreaming Disaster Risk Reduction into National and Sectoral Development Process Mainstreaming Disaster Risk Reduction into National and Sectoral Development Process Safer Training Health Course Facilities Regional Consultative Committee on Disaster Management (RCC) Training Course

More information

D R Ž E L J K O V A Š K O D R G O R D A N A R O K V I Ć U N I V E R Z I T Y B A N J A L U K A F A C U L T Y O F A G R I C U L T U R E

D R Ž E L J K O V A Š K O D R G O R D A N A R O K V I Ć U N I V E R Z I T Y B A N J A L U K A F A C U L T Y O F A G R I C U L T U R E Trade arrangements and their impact on food sector development in Balkan Region Countries / candidate countries. D R Ž E L J K O V A Š K O D R G O R D A N A R O K V I Ć U N I V E R Z I T Y B A N J A L

More information

India s Services Exports

India s Services Exports Markus Hyvonen and Hao Wang* Exports of services are an important source of demand for the Indian economy and account for a larger share of output than in most major economies. The importance of India

More information

CHINA SERVICES SECTOR ANALYSIS

CHINA SERVICES SECTOR ANALYSIS CHINA SERVICES SECTOR ANALYSIS China Snapshot Capital: Beijing Population: 1.3 billion (WB 2011) Currency: Renminbi Yuan GDP (constant 2000 US $ billion): 3.5 (WB 2011) GDP per capita (constant 2000 US

More information

TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY#

TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY# TPP#NEGOTIATION## OPPORTUNITIES#AND#CHALLENGES#FOR# VIETNAM#TEXTILE#&#APPAREL#INDUSTRY# Vietnam Textile & Apparel Association Hanoi, March 2013 INDUSTRY INTRODUCTION ROLE OF T&A INDUSTRY IN VIETNAM INTEGRATING

More information

Capacity Building for Schools through Flexible Learning Solutions

Capacity Building for Schools through Flexible Learning Solutions + Capacity Building for Schools through Flexible Learning Solutions + Presentation Outline SEAMEO INNOTECH s e-solutions LEARNTECH excels Project Competency Framework for Southeast Asian School Heads and

More information

ECONOMIC RESEARCH CENTER DISCUSSION PAPER

ECONOMIC RESEARCH CENTER DISCUSSION PAPER ECONOMIC RESEARCH CENTER DISCUSSION PAPER No.183 China s Exchange Rate Policy and International Competitiveness ( Export ) 1994-2005 : IS IT A LESSON FOR VIETNAM? by NGUYEN Phuc Hien* August 2011 ECONOMIC

More information

Economic Outlook for Southeast Asia, China and India 2014

Economic Outlook for Southeast Asia, China and India 2014 POCKET EDITION Economic Outlook for Southeast Asia, China and India 2014 BEYOND THE MIDDLE-INCOME TRAP Economic Outlook for Southeast Asia, China and India 2014 Beyond the Middle-Income Trap The full report

More information

II. Merchandise trade

II. Merchandise trade II. Merchandise trade Merchandise trade increased by 5 per cent in volume in 211. The strongest momentum was achieved by trade in manufactured goods, which grew by.5 per cent. Key developments in 211:

More information

The Convergence of Agricultural Policy of Greece towards the Common Agricultural Policy:

The Convergence of Agricultural Policy of Greece towards the Common Agricultural Policy: The Convergence of Agricultural Policy of Greece towards the Common Agricultural Policy: Lessons for the New EU Member States Nicholas C. Baltas Professor of Economics and European Chair Jean Monnet Athens,

More information

Have Recent Increases in International Cereal Prices Been Transmitted to Domestic Economies? The experience in seven large Asian countries

Have Recent Increases in International Cereal Prices Been Transmitted to Domestic Economies? The experience in seven large Asian countries Have Recent Increases in International Cereal Prices Been Transmitted to Domestic Economies? The experience in seven large Asian countries David Dawe ESA Working Paper No. 08-03 April 2008 Agricultural

More information

Trade and Development Board Sixty-first session. Geneva, 15 26 September 2014

Trade and Development Board Sixty-first session. Geneva, 15 26 September 2014 UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Trade and Development Board Sixty-first session Geneva, 15 26 September 2014 Item 3: High-level segment Tackling inequality through trade and development:

More information

Evolution of informal employment in the Dominican Republic

Evolution of informal employment in the Dominican Republic NOTES O N FORMALIZATION Evolution of informal employment in the Dominican Republic According to official estimates, between 2005 and 2010, informal employment fell from 58,6% to 47,9% as a proportion of

More information

ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK

ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2015 Financing asia s future GROWTH HIGHLIGHTS VELOPMENT ASIAN DEVELOPMENT BANK

More information

Natural Disaster Data Book 2011 (An Analytical Overview)

Natural Disaster Data Book 2011 (An Analytical Overview) Natural Disaster Data Book 2011 (An Analytical Overview) Asian Disaster Reduction Center Overview The Asian Disaster Reduction Center (ADRC) Natural Disasters Data Book 2011 provides the statistical perspectives

More information

Currency Crisis in Thailand:

Currency Crisis in Thailand: Currency Crisis in Thailand: The Leading Indicators By Quan B. Lai Among the developing countries across the globe, those in Southeast Asia have experienced the most economic success within the last several

More information