Improving Asia’s cross-border infrastructure: ‘new model asia’
January 16, 2010 Leave a comment
Having faced two financial crises in little over a decade members of the Asian economic community urges policy makers to improve infrastructure across the whole of Asia to increase interdependence amongst its member states.
GDN’s Japan advisor Professor Kaoru Hayashi chaired Parallel 1.2: ‘Economic Integration in Asia, Trade, Infrastructure and Finance’. The discussion focused on the prospects of improving Asia’s infrastructure and the potential of a single Asian Monetary policy that, if managed correctly, would promote economic integration in the region. Read more of this post
We enter a new decade without much of the certainty and confidence that accompanied us into the New Millennium. Conventional thinking about globalization has been shaken to the core by the current financial crisis. The demise of the Washington Consensus, sealed by the events of 9/11 and those that followed, has left us in a “no man’s land” with no obvious successor to the previous policymaking consensus. We are at a ‘Tipping Point’ in the balance of world power: the dominance of western nations is coming to an end and the baton is being passed to such emerging powers as China, India and Brazil.








