Asia and the Changing Global Economy: Rebuilding Growth Potential

With the global economy experiencing an uneven recovery from the pandemic, what are the complexities of the policy tradeoffs ahead? What are the drivers of sharp divergences across different countries’ economic prospects? In contrast to the aftermath of the Global Financial Crisis, why are emerging markets not leading the post-pandemic recovery? Will Asia be able to rebuild its growth potential in a post-pandemic world, especially India and China? In doing so, how will Asia address the weaknesses in growth and productivity fundamentals that became apparent before the pandemic? Are there lessons to be learned from this experience, as well as from previous crises, and their relevance to countries now facing financial and debt-driven crises in the emerging post-pandemic landscape?

The essays in this book look at these and other fundamental issues from several perspectives in today’s complex global economy. They contain invaluable lessons for what needs to be done to sustain the international framework for global trade and investment that has worked so well since the Second World War and the role that needs to be played by official international institutions to maintain multilateral stability and cooperation.

Buy the book on Amazon

Praises for the book