With the emergence of People’s Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have changed. Using a new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting...

This paper seeks to outline issues arising from rapid foreign exchange reserve accumulations in Asia. Attention is paid to People’s Republic of China and India for the significance of the accumulation fed by surges in capital inflows. The paper finds that sterilization interventions by the two...

In recent years, some developing Asian countries claim to have started shifting emphasis from export-led to domestic demand-led growth policies with a view to achieving a more balanced growth strategy. This paper evaluates empirically how far this shift has gone. The evaluation—based on an...

At least part of the effort toward attainment of health and education Millennium Development Goals (MDGs) could come from improvements in efficiency of delivery mechanisms. Hence, it is important to know which countries—or which regions within countries—are able to attain higher MDG outcomes...