En 1996, el BID junto a la Corporación Justicia y Democracia de Chile, presidida por el ex presidente Patricio Aylwin, dio inicio al Proyecto Regional Diálogo de Política Social (DPS) o Iniciativa Aylwin. Durante sus siete años de ejecución, la Iniciativa Aylwin realizó múltiples...

The global financial crisis of 2007-2009 exposed flaws and shortcomings in the global economic architecture, and has sparked an international debate about possible remedies for them. The postwar global architecture was essentially guided by the major developed economies, and was centered around...

En 1996, el BID junto a la Corporación Justicia y Democracia de Chile, presidida por el ex presidente Patricio Aylwin, dio inicio al Proyecto Regional Diálogo de Política Social (DPS) o Iniciativa Aylwin. Durante sus siete años de ejecución, la Iniciativa Aylwin realizó múltiples...

This paper examines the road and railway links in Myanmar connecting northeast India on the one side with the rest of Southeast Asia on the other. It also discusses the importance of new deep-sea ports in creating alternative shipping routes, essential for Myanmar's international links. It also...

Connectivity is the key building block of convergence and cohesion in any regional integration initiative. Development of connectivity across any region—especially of transportation linkages, energy pipelines, and information and communication technology— contributes to integration by...

This paper examines the seaports responsible for handling the majority of trade around the Bay of Bengal and identifies the projects that will enable trade and contribute to improving maritime infrastructure. It reviews the nature, potential evolution, and primary types of maritime trade around...

This paper first reviews recent developments in exchange rate regimes, capital account liberalization, interest rate liberalization, and monetary policymaking in the People's Republic of China (PRC). It then observes that the PRC's monetary policy autonomy may have been reduced with falling...

Regional economic integration is back in vogue following the "stumble" in the Doha Round in July 2008. Preferential trade agreements (PTAs) are driving this trend in Asia and the Pacific as well as in Central and South America, and the sheer volume of PTAs is striking. In the 1990s there were...

In Asia, small and medium-sized enterprises (SMEs) account for a major share of employment and dominate the economy. Asian economies are often characterized as having bank-dominated financial systems and underdeveloped capital markets, in particular venture capital markets. Hence, looking for...

This paper discusses adjustments of capital account restrictions and exchange rate regimes in East Asia. Monetary authorities have two options for these adjustments: gradual adjustments or rapid adjustments. We analyze the costs and benefits for both adjustment options in each area, i.e.,...