Many economies in East and Southeast Asia are progressing toward becoming aging or aged societies. The impacts of this demographic transition are multifaceted and far-reaching and include declining tax revenues, leading to fiscal imbalances, and possible increases in government expenditures for...

The global economic crisis has affected the East Asian economies via trade and investment. The export-led model which had been responsible for the "East Asian Miracle " now must redirect the basis of growth from exports sent to the US and Europe to regional and domestic demand. Regional trade...

We recount East Asia's experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country's labor-intensive industry to expand and its capital-intensive industry to decline. We also present narrative evidence...

Trade and investment liberalization has been one of the key features of economic policy in many developing countries since the 1990s. Research on this subject has consistently produced more evidence on the benefits of globalization; theoretical studies give more attention to what happens within...

Connectivity is the key building block of convergence and cohesion in any regional integration initiative. Development of connectivity across any region - especially of transportation linkages, energy pipelines, and information and communication technology - contributes to integration by...