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Regional Cooperation in Asia: Long-term Progress, Recent Retrogression, and the Way Forward

dc.contributor.authorRamgopal Agarwala
dc.contributor.authorBrahm Prakash
dc.date.accessioned2015-01-30T14:45:15Z
dc.date.available2015-01-30T14:45:15Z
dc.date.issued2002-10-01
dc.identifier.issn1655-5252
dc.identifier.urihttp://hdl.handle.net/11540/1936
dc.description.abstract"Despite soft and fragmented regionalism, intraregional flows of trade, labor, and capital grew rapidly in Asia over the last few decades. However, in recent years, there has been retrogression in all the three areas basically associated with the slowdown in growth and departure from the East Asian model in these economies. Major Asian economies are now going through a prolonged slump and suffering from a massive misallocation of its resources, both labor and capital. There is now an urgent need for enhanced institutional efforts for regional cooperation in all the three dimensions mentioned above. The process of liberalization in trade, investment, finance, and labor movements needs to continue at the national as well as international level. However, considerable progress has been made in the area of liberalization in merchandise trade in the region and easy gains have already been made. What is urgently needed now is a program for strengthening the regional financial infrastructure, which would involve a vastly increased role for the Asian Development Bank (ADB) in resource transfer within the region and establishment of an “Asian Reserve Bank” (ARB) for greater stability in exchange rates, greater financial security, and greater resource mobilization in the region."
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleRegional Cooperation in Asia: Long-term Progress, Recent Retrogression, and the Way Forward
dc.typeWorking Papers
dc.subject.expertEconomics
dc.subject.expertPublic Sector
dc.subject.expertFree Trade
dc.subject.expertHealth
dc.subject.expertTrade
dc.subject.expertDevelopment
dc.subject.adbEconomic integration
dc.subject.adbRegional integration
dc.subject.adbIndustry
dc.subject.naturalCooperation
dc.subject.naturalFree Trade
dc.subject.naturalPoverty
dc.subject.naturalEconomics
dc.title.seriesERD Working Paper Series
dc.title.volumeNo. 28
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeTrade
oar.themeLabor Migration
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People's Republic of
oar.countryHong Kong, China
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-001658
oar.authorAgarwala, Ramgopal
oar.authorPrakash, Brahm
oar.importtrue
oar.googlescholar.linkpresenttrue


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