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712. Speech by South Korean Foreign Minister Ban Ki-moon at Asia Society: "The Quest for Peace and Prosperity in the Asia-Pacific and Beyond"
- Author:
- Ban Ki-moon
- Publication Date:
- 09-2006
- Content Type:
- Working Paper
- Institution:
- Asia Society
- Abstract:
- I would first like to thank Dr. Desai, Ambassador Holbrooke and the Asia Society for inviting me to speak tonight. I remember well the very enjoyable evening I had with President Desai and Vice President Metzl in Seoul last July. I remain grateful for the exchange of insightful and informed views. Today, I have a few topics that I want to discuss. But first, I would like to say a few words about the Asia Society and its unique contributions to Asia-US relations.
- Topic:
- Development, Economics, and Peace Studies
- Political Geography:
- United States and Asia
713. Isher Ahluwalia on India in the Global Economy
- Author:
- Nermeen Shaikh
- Publication Date:
- 02-2006
- Content Type:
- Working Paper
- Institution:
- Asia Society
- Abstract:
- Isher Ahluwalia is currently the Vice Chairperson of the Planning Board of the Government of Punjab, India and Member of the National Manufacturing Competitiveness Council, Government of India. Dr. Ahluwalia is also Chairperson of the Board of Governors of the Indian Council for Research on International Economic Relations (ICRIER), a research institute based in New Delhi. She had earlier served as ICRIER's Director and Chief Executive from 1997-2001. Dr. Ahluwalia was a Visiting Professor at the School of Public Affairs, University of Maryland--College Park in 2002 and 2003. She received her B.A. from Presidency College at Calcutta University, her M.A. from the Delhi School of Economics, and her Ph.D. from the Massachusetts Institute of Technology, all in economics. This interview with AsiaSource was conducted on February 2nd, 2006, while Dr. Ahluwalia was in New York for the Asia Society panel discussion on Encyclopedic India: Ancient Cultures and New Opportunities.
- Topic:
- International Relations, Economics, and Globalization
- Political Geography:
- New York, India, Asia, New Delhi, Punjab, and Calcutta
714. Economic Growth and India's Future?
- Author:
- Joydeep Mukherji
- Publication Date:
- 03-2006
- Content Type:
- Working Paper
- Institution:
- Center for the Advanced Study of India
- Abstract:
- Recent optimism about India is based on the view that the country may finally be on a higher growth trajectory after more than a decade of halting economic reform. Spurred by a balance of payments crisis a decade ago that pushed the government of India to nearly defaulting on its foreign debt, a series of coalition governments have slowly deregulated the once most-regulated economy outside the communist world. Over the years, the government has enlarged the role of market forces, given more freedom to the private sector, and cut barriers to domestic and foreign competition. At the same time, India's state governments have gained considerable autonomy from the central government, making India into the federal state envisaged in its constitution.
- Topic:
- Development, Economics, and International Trade and Finance
- Political Geography:
- India, East Asia, and Asia
715. India's New Entrepreneurial Classes: The High Growth Economy and Why it is Sustainable?
- Author:
- Sunil Bharti Mittal
- Publication Date:
- 02-2006
- Content Type:
- Working Paper
- Institution:
- Center for the Advanced Study of India
- Abstract:
- I am Francine Frankel, director of the Center for the Advanced Study of India, and it is my great pleasure this evening to introduce our speaker for CASI's Annual Lecture, Sunil Bharti Mittal, the founder, chairman, and group managing director, Bharti Enterprises. I hardly need tell this audience that Bharti Tele-Ventures is India's leading telecom conglomerate and its largest mobile service operator.
- Topic:
- Development, Economics, and International Trade and Finance
- Political Geography:
- India, East Asia, and Asia
716. Scorecard on Corporate Governance in East Asia
- Author:
- Stephen Y.L. Cheung and Hasung Jang
- Publication Date:
- 12-2006
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation (CIGI)
- Abstract:
- The far reaching economic effects of the 1997 Asian financial crisis underscore the importance of structural reforms in the governance of the East Asian business sector. This paper measures the progress of corporate governance reforms in nine East Asian economies towards the guidelines established by the Pacific Economic Cooperation Council (PECC), as revealed empirically through two surveys. The first survey is a stock-taking exercise to take note of on-going reforms in corporate governance rules and regulations, while the second covers perceptions of the implementation and enforcement of corporate governance rules as seen by fund managers and analysts. This study indicates a divergence between the regulatory environment and market perceptions of corporate governance practices in the countries sampled. The survey results also show that, although the nine economies do not differ significantly in the corporate governance rules and regulations they have put in place, there is a significant difference in terms of market perceptions of their corporate governance practices. More than an academic exercise, this study is meant to share the experiences of corporate governance reform among East Asian economies.
- Topic:
- Economics, Government, and Industrial Policy
- Political Geography:
- Israel, East Asia, and Asia
717. The Asian Economic Revolution and Canadian Trade Policy
- Author:
- John Whalley
- Publication Date:
- 08-2006
- Content Type:
- Working Paper
- Institution:
- Centre for International Governance Innovation (CIGI)
- Abstract:
- This paper discusses the broad orientation of Canada's trade policy relative to two major historical phases of development based on a secure national market behind the National Policy from 1879 until the 1930s, and progressive integration with the United States (US) through Bilateral Agreements (1930s), the Auto Pact (1965), the Canada-US Free Trade Agreement (1987) and the North American Free Trade Agreement (NAFTA) (1994). Currently, Canada exports approximately 85% to the US, but imports from China account for 8% and are growing at over 20% a year. Sharply unbalanced (surplus) trade with the US is counterbalanced by unbalanced deficit trade with China. A scenario of elevated growth in Asia (principally China, India, and the Association of Southeast Asian Nations or ASEAN) poses challenges of relative disintegration from North America and growing global integration centered on Asia. Seemingly a series of implications follow; including positioning Canada within the emerging network of regional agreements in Asia, more resourcebased and Western Canada focused trade and infrastructure development, and responding to capital market integration with Asia. Broader issues include the potential adjustments facing Central Canada as Asian imports of manufactures displace both imported manufactures from the US and domestic production are raised.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, China, Canada, Asia, and North America
718. Fiscal Policy for Poverty Reduction, Reconstruction, and Growth
- Author:
- Matthew Smith, Alan Roe, and Tony Addison
- Publication Date:
- 06-2006
- Content Type:
- Policy Brief
- Institution:
- United Nations University
- Abstract:
- An effective state is able to mobilize revenue and spend it on infrastructure, services, and public goods that both enhance human capital and the well-being of communities (especially the poor), as well as stimulating investment and employment creation by the private sector. An effective state also manages public finance to ensure that macroeconomic balance is maintained—with policy neither too restrictive to discourage private investment and growth, nor too accommodative to create high inflation and crowd out private investment. Fiscal issues are therefore at the heart of the state's role in the development process and failure in this policy area—whether it is in taxation, public expenditures, or in managing the fiscal deficit and public debt—can quickly undermine growth and poverty reduction. Fiscal weakness can also be fatal to social peace when one or more ethnic, religious, or regional groups are taxed unfairly—or receives too little in the allocation of public spending.
- Topic:
- Debt, Development, Economics, and Poverty
- Political Geography:
- Africa and Asia
719. China and the Depreciating U.S. Dollar
- Author:
- Richard C. K. Burdekin
- Publication Date:
- 01-2006
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- Over the past five years, U.S. exports to China have been dwarfed by imports from that country, with the resulting trade deficit igniting a bout of China bashing reminiscent of the Japan bashing of the 1980s. A major culprit in the trade imbalance, according to many U.S. analysts and policymakers, is China's currency: the renminbi, they say, is too cheap relative to the dollar. Some are calling for high tariffs on Chinese goods or for further exchange-rate adjustment that would revalue the renminbi significantly upward, making Chinese goods less competitive. But with just 10.4 percent of total U.S. trade attributed to China in the first half of 2005, it is unrealistic that any renminbi exchange-rate adjustment could rein in the burgeoning U.S. trade deficit. And if the adjustment were drastic the United States could be the big loser: driving China out of the market for U.S. treasuries would most likely have calamitous consequences, not only for the dollar but for U.S. credit markets and for the U.S. economy in general.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, Asia, and North America
720. Strategic Partnership or Strategic Competition
- Author:
- Bonnie Glaser and James Nolt
- Publication Date:
- 12-2006
- Content Type:
- Policy Brief
- Institution:
- Foreign Policy In Focus
- Abstract:
- As part of our China Focus, we asked two leading scholars to reflect on the tensions and possibilities in U.S.-China relations. Bonnie Glaser is a senior associate at the Center for Strategic and International Studies. James Nolt is a senior fellow at the World Policy Institute. We asked them first about the potential for a strategic security partnership between the United States and China, then about their economic relationship.
- Topic:
- Security, Economics, and International Cooperation
- Political Geography:
- United States, China, and Asia