As we move further into the 21st Century, the Asia-Pacific region is expected to play an increasingly crucial role in the evolution of the world's economy and polity. Closer co-operation among countries in the region would greatly strengthen that role

This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening monetary policy and allowing Asian currencies to appreciate as a way of achieving a better balance between internal and external demand. Leaving the overall level of demand...

Pacific economies are confronted with several structural constraints that limit their economic growth, most importantly their small size and remoteness from major world markets. In this paper we study the importance of transport connectivity for Pacific economies when participating in the world...