Using a dynamic global general equilibrium model, the paper assesses the short- and medium-term impacts of the global financial crisis for Asian economies and the implications of post-crisis adjustment in East Asia for the world economy. The analysis suggests that East Asia may not be severely...

Most projections envision continued rapid growth in the members of the Association of Southeast Asian Nations (ASEAN), the People's Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme poverty,...

Most projections envision continued rapid growth in ASEAN, the PRC and India over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme poverty, and dramatically transform the lives of their more than 3 billion citizens. The impact will be felt across the...

South and Southeast Asian economic integration via increased trade flows has been increasing significantly over the past 2 decades, but the level of trade continues to be relatively low. This underperformance has been due to both policy-related variables — relatively high tariff and non-tariff...

Enhancing regional economic integration, both across Member States and with their neighbours in the Asia-Pacific region, has become an important priority in Association of Southeast Asian Nations (ASEAN). Building on the ASEAN Free Trade Area, ASEAN has been implementing the ASEAN Economic...

The authors assess the implications of multilateral trade reforms for poverty in China. They do so by combining results from a global modeling exercise with a national CGE model that features disaggregated households in both the rural and urban sectors. They examine two trade reform scenarios:...

Hertel and Zhai evaluate the impact of two key factor market distortions in China on rural-urban inequality and income distribution. They find that creation of a fully functioning land market has a significant impact on rural-urban inequality. This reform permits agricultural households to focus...

The authors evaluate the impact of two key factor market distortions in China on rural-urban inequality and income distribution. They find that creation of a fully functioning land market has a significant impact on rural-urban inequality. This reform permits agricultural households to focus...

China’s climate policy over the coming decades will be crucial to efforts to slow global warming. While CO2 emissions growth slowed in the 1990s, it is too early to know if this represents the beginning of a long-term downward trend in the carbon intensity of China’s economy. Climate...