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The Monetary Authority of Singapore, Asian Bureau of Finance and Economic Research, University of Chicago Booth Business School, and National University of Singapore Business School have organised the Asian Monetary Policy Forum (AMPF) annually since 2014. The Forum brings together eminent academics, policymakers and private sector economists to deliberate pressing monetary policy issues particularly relevant for Asian countries.This volume collects the inaugural speech and commissioned papers from the past Forums from 2014 to 2020. The chapters cover a range of topics that have assumed importance in the global monetary and financial system over the past twenty years. These include the efficacy of traditional monetary policy frameworks amid synchronised global financial flows, the challenges presented by the US dollar dominance, and the optimality of central banks' use of a broader set of policy instruments within an integrated policy framework. Policymakers, practitioners, students and academicians will be able to draw from this volume useful insights to understand these complex policy challenges.
The ASEAN Regional Forum (ARF) is the only Asia-Pacific-wide forum for consultations and dialogue on political and security issues. Although many articles and books have been published on the ARF, this is one of the few books that treat the forum comprehensively and from the standpoint of the region itself. It traces the ARF's origins, the efforts to move it from confidence building to "preventive diplomacy," and the forces that hold them back, analysing the strategic environment that both constrains the ARF and makes it essential. The book discusses the question of participation, describes the numerous cooperative activities that the participants undertake, and deals with the issue of institutionalization. Finally, it assesses the ARF as a forum and a process on its own terms. The book is written by the former ASEAN Secretary-General and former senior official who was involved in the ARF's early years.
Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.
Examining domestic and intra-regional tourism, the book reveals how improvements in infrastructures, ever increasing disposable incomes, liberalized economies, the inter-connectivities of globalization and the lowering of borders, both physical and political, are now enabling millions of Asians to travel as tourists.
Jayasuriya looks at the changing global and domestic political economies shaping the new regionalism in Asia, and examines the relationship between regional domestic, political and economic structures and forms of regional governance. Well-known contributors in the field focus on the impact of globalization on Asian regionalism, new security challenges, monetary cooperation, sovereignty, democratization, industry policy and China's engagement with southeast Asia. Providing a detailed overview of the conceptual foundations of regional governance, this text is an indispensable resource for all who want to understand the emerging dynamics of regionalism in the Asia Pacific.
Asian Megatrends assesses the key drivers impacting Asia over the next two decades. The rise of China is transforming the Asia-Pacific, as China’s economic and military might increasingly reverberates throughout the region. India and Indonesia are also rising Asian powers that are changing the shape of the Asian economic landscape. The rapid growth of emerging Asian consumer markets is becoming an increasingly important growth engine for the world economy and for global multinationals. However, Asia faces tremendous economic and social challenges over the long-term, including the rapid growth of Asian megacities and severe environmental problems due to climate change, water crises and pollution. Geopolitical tensions have also been escalating in the Asia-Pacific due to territorial disputes in the South China Sea and the East China Sea, increasing the risk of a regional arms race and military confrontation. Asian Megatrends is an essential read for government officials and corporate executives wishing to understand the rapidly changing risk landscape in Asia.
Asian nations are no longer "rising" powers in the world order; they have risen. How will they conduct themselves in world politics? How will they deploy their considerable and growing power individually and collectively? These questions are critical for global governance. Conventional wisdom claims that, lacking in institutions that accumulate and coordinate the massive economic and growing military strength of Asian nations, the Asian region will continue to punch below its weight in world politics; thin and patchy institutionalization results in political weakness. In Asian Designs, Saadia M. Pekkanen and her collaborators question and provide evidence on these core assumptions of Western scholarship. The book advances a new framework for debate and sophisticated examinations of institutional arrangements for several major issue areas in the world order—security, trade, environment, and public health.