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Infrastructure plays a key role in promoting and sustaining rapid economic growth. Properly designed infrastructure can also make growth more inclusive by sharing its benefits with poorer groups and communities, especially by connecting remote areas and small and landlocked countries to major...
Persistent link: https://www.econbiz.de/10008732308
To make Asia more economically sustainable and resilient against external shocks, regional economies need to be rebalanced toward regional demand- and trade-driven growth through increased regional connectivity. The effectiveness of connectivity depends on the quality of hard and soft...
Persistent link: https://www.econbiz.de/10003983432
Asia faces very large infrastructure funding demands, estimated at around US$750 billion per year for energy, transport, telecommunications, water, and sanitation during 2010-2020 (ADB/ADBI 2009). Asia has large savings, significant international reserves, and rapid accumulations of funds that...
Persistent link: https://www.econbiz.de/10003983478
With a population of 600 million, ASEAN is considered to be one of the most diverse regions in the world. It is also one of the world's fastest growing regions. ASEAN's aim is to evolve into an integrated economic community by 2015. Crucial to achieving this ambitious target is cooperation in...
Persistent link: https://www.econbiz.de/10003855516
Until the 13th century, the ancient Silk Route of Asia was the world's most important cross-border artery, at a time when Asia was a major trade and economic center of the world. The "Silk Road" refers to an extensive pan-Asia interconnected network of trade routes across the Asian continent...
Persistent link: https://www.econbiz.de/10003855524
One of the reasons behind the financial crisis in 1997 was excessive dependence of Asian economies on commercial banks for domestic financing. Banks were the major source of corporate financing because the other major source, bond markets, was underdeveloped and small. On the other hand, the...
Persistent link: https://www.econbiz.de/10009267743