the rapid transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play … a more constructive role in the global economy. Asia is becoming not just the world’s factory, but also its leading … creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia …

Asia has witnessed a proliferation of free trade agreements (FTAs) since the turn of the millennium. The first regional … parallel, the U.S.-led Trans-Pacific Partnership (TPP), supporting U.S. foreign policy of “Pivot to Asia”, was broadly agreed … targets and create a Free Trade Area of the Asia-Pacific. Each of these mega-regionals aims to achieve greater trade and …

Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the … challenges faced by the Asian “noodle bowl” — overlapping, multiple trade rules, regulations, and standards in Asia — in the … among Asian economies that have formed Asian supply chains, called Factory Asia. It then considers ways and means of …

joining East Asia's supply chains. While proceeding to establish the ASEAN Economic Community (AEC) by the end of 2015, ASEAN … inward FDI. The paper concludes that in the long run ASEAN should aim to further integrate itself with the rest of Asia and … the world (through a Free Trade Area of the Asia-Pacific and an Asia-Europe FTA), while substantially deepening its …

'Capital Market Refom in Asia' contains a selection of papers that capture the essence of capital market reform in the …