Download Asian Development Outlook 2011 Update: Preparing for by Haruhiko Kuroda PDF

By Haruhiko Kuroda

ISBN-10: 9290923911

ISBN-13: 9789290923916

ISBN-10: 929092392X

ISBN-13: 9789290923923

The Asian improvement Outlook 2011 replace expects constructing Asia to maintain its powerful progress over the following 2 years, regardless of the tepid outlook for the USA, the eurozone, and Japan. The zone should be buttressed through fit family call for and buoyant intraregional alternate. handling inflation should be a key concentration for coverage makers, to permit for inclusive development. Such progress comprises the aged, who're all too frequently left in the back of as Asia's conventional kin networks weaken. because the aged will shape an ever-larger proportion of the region's inhabitants over the following few many years, states must determine their financial security---and meet the broader financial implications for society.

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In 1990–2004, the average current account balance was 40 much lower (in absolute terms) than in more recent years for all the economies. 5% in the 5 years running up to the global financial crisis. Japan showed similar trends. 20 Are these observations supported by underlying structural 10 factors? A saving-investment model can highlight the medium2005 06 07 08 09 10 H1 2011 term relationship between each country’s current account Note: First half 2011 data for India are only until April, for Indonesia May, and for (saving-investment balance) and structural factors such as Viet Nam March.

3 Quarterly growth in global oil demand 1 Commodity price indexes Energy OECD Non-OECD World Agriculture % 8 2000 = 100 500 6 400 4 300 2 200 0 100 Aug Jan Jul Jan Jul Jan Jul Jan Jul Jan 2007 08 09 10 11 Source: World Bank. Commodity Price Data (Pink Sheet). org (accessed 7 September 2011). Oil During the first 4 months of 2011, global oil prices, measured by the Brent Crude spot price, rose continually from around $95 at the start of the year to $127 on 29 April. In 2010, they averaged $80. The runup in prices reflected both supply and demand factors.

Frankel and C. Pissarides, pp. 9-62, University of Chicago Press. Stefanski, R. 2011. Structural Transformation and the Oil Price. OxCarre Working Papers 48. Oxford, United Kingdom: Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford. http://www. uk/images/stories/papers/ResearchPapers/oxcarrerp201048. pdf Wynne, M. 2008. How Should Central Banks Define Price Stability? Globalization and Monetary Policy Institute Working Paper 8. Dallas, Texas: Federal Reserve Bank of Dallas.

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