Moving
toward an East Asian Community
The Japan Times, 28 September 2006
Yoshio
Okawara
Asian countries, looking at the historical development of the European
Union and the North American Free Trade Agreement, have increasingly
been conscious of the necessity to promote regional cooperation,
and even regional integration, as a long-term target to ensure the
peace and prosperity of the region.
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http://search.japantimes.co.jp/cgi-bin/eo20060928a5.html
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Regional
integration can help drive costs down, say central bankers
Bangkok Post, 19 September 2006
Parista Yuthamanop
Singapore _ Greater financial integration within Asia would help
reduce mismatches and transaction costs as a result of using the
US dollar as the primary medium for settlement, say regional central
banks.
But full integration and a common currency similar to the European
Union could take decades, experts agreed at a discussion on regional
integration at the annual IMF/World Bank meetings.
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http://www.bangkokpost.com/Business/19Sep2006_biz31.php
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Play
stronger role, Asian economies told
thestar.com16 September, 2006
Asian
economies should play a stronger role in the global economy through
better financial integration after rebounding from the 1997/8 financial
crisis, International Monetary Fund (IMF) managing director Rodrigo
de Rato said. He said the success of Asia showed the IMF that the
region would be more involved in the international economy.
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http://biz.thestar.com.my/news/story.asp?file=/2006/9/16/business/15448478&sec=business
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What
India and China can learn from each other
Financial Express, 20 September
2006
Ila Patnaik
One
of the biggest differences in the two countries has been in attracting
FDI. India receives only a fraction of the FDI China does. Should
India learn from the Chinese experience in how to attract large
amounts of FDI?
While at first blush, the answer may be yes, one needs to look beyond
the numbers. One of the reasons why China has attracted much higher
levels of FDI is that it has given special preferences to foreign
investors compared with domestic investors. India, on the contrary,
offers a level playing field to domestic investors and consequently,
does not make it relatively more attractive for foreigners to come.
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http://www.financialexpress.com/fe_full_story.php?content_id=140887
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Future
challenges for Asian economies in changing world
Jakarta Post.com, 18 September
2006,
David Burton, Asia-Pacific Department, IMF
This
week's World Bank-IMF Annual meetings in Singapore are the first
to take place in Asia since the Hong Kong meetings nearly a decade
ago. As global financial leaders gather here, the contrast for the
region could hardly be starker. In the intervening nine years, Asia
has recovered from a financial crisis and re-established itself
as the most dynamic and rapidly growing region in the global economy.
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http://www.thejakartapost.com/detaileditorial.asp?fileid=20060918.F04&irec=3
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"East
Asian Economic Prospects and Challenges"
Hanoi, Viet Nam, 7 September 2006
Haruhiko Kuroda, President, Asian Development Bank
Statement
by Haruhiko Kuroda, President, Asian Development Bank, at the 13th
APEC Finance Ministers' Meeting, Hanoi, Viet Nam, 7 September 2006.
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http://www.adb.org/Documents/Speeches/2006/ms2006058.asp
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