The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic...

pt. 1. Introduction -- pt. 2. Globalization and the prospects for integration -- pt. 3. Macroeconomic coordination and financial market integration -- pt. 4. Globalization, immigration and labor market issues

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...

The 14 Pacific developing member countries (DMCs) of the Asian Development Bank (ADB) have opted for very different exchange rate regimes with varying degrees of flexibility. Whereas several microstates have adopted an external currency as their legal tender, others have decided to use a basket...