Analysis of the financial crisis in East Asia has focussed on the most-affected East Asian economies, namely: Thailand, South Korea, Indonesia, Malaysia, and to a lesser extent the Philippines. However, these economies account for less than 15 percent of the GDP of East Asia. Japan, which...

The authors explore the usefulness of macroeconomic models in analyzing global economic developments by examining movements in commodity prices between July 2007 and July 2008. They use the Bank of Canada's version of the Global Economy Model and investigate the longerterm outlook for commodity...

This paper examines the major drivers and draggers of regional economic cooperation and integration (RECI) in Asia and the Pacific (AP). Using both quantitative measures and qualitative evidence, it assesses the roles played by four key determinants of RECI across AP, its subregions, and...

In this paper, we attempt to make a critical assessment of East Asia's free trIn this paper, we attempt to make a critical assessment of East Asia's free trade agreements (FTAs) and suggest future steps of action. The FTAs of three Northeast Asian countries and five ASEAN countries are examined....

Experience shows that although certain notions like the norms and rules established by the World Trade Organization (WTO) are still being perceived as something abstract and metaphorical by many participants of foreign economic activity, these norms and rules have already been actively used in...

As Chinese leaders endeavor to maintain the international environment aligned with their strategic aim of realizing the "dream of national rejuvenation," the remarkable increase in China's capabilities, coupled with uncertainty in the global economy and the ambivalent attitude of the USA toward...

Today the global economy is facing down the threat of a multifaceted crisis. Sustained by ultra-low interest rates and unprecedented levels of quantitative easing since the last global financial crisis, the global economy is taking a sharp turn toward tighter monetary policy as it experiences...

Interregional and cross-border cooperation between Russia and China is not only an important part of bilateral interactions, but also an incentive for the accelerated development of border territories. Studying the results of Russian-Chinese cross-border cooperation over the past 30 years makes...