內容簡介
This past 2020 was a year unlike any other. The COVID-19 pandemic has claimed more than 2.7 million lives and caused major economic, trade, and investment downturns and profound changes across the globe. In 2021,the world sees hope of recovery and a stronger call for cooperation, as countries ramp up anti-pandemic and vaccination efforts and begin to bounce back. Asian economies, an "anchor" for multilateralism, play a key role in bolstering global pandemic control, keeping industries and supply chains efficient and stable, and promoting trade and investment.
In 2020, facing the once-in-a-century COVID-19 pandemic and the first economic shrink in 60 years, Asian economies stood united and were the first in the world to emerge from the pandemic and reopen. In 2020, Asia's share in the global economy increased to 47.3%1 as the continent worked together for greater integration and regional cooperation. Other developments in Asia include ever-increasing trade integration, retained regional centers in the global value chain, strengthening service trades between regional economies, and the fast-track growth of digital trades during the pandemic. These interactions and collaborations have helped Asia respond effectively to the pandemic and the economic challenges.
In 2021 with the COVID-19 being brought under control worldwide, economic recovery in Asia will pick up speed and the emerging economies in the region as a whole are expected to lead other parts of the world in growth rate. Post-pandemic economic development in Asia will be distinguished by stronger integration of intra-regional trade in goods, trade in services(with digital trade as a major contributor), direct investments, and financial markets and greater infrastructure inter-connectivity. The Regional Comprehensive Economic Partnership(RCEP) coming into effect at an early date, together with other regional free-trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership(CPTPP), will build a broad and strong institutional foundation for liberalizing and facilitating trade and investment within the continent. The alignment between various regional or even global inter-connectivity programs-the Belt and Road Initiative(BRI), Master Plan on ASEAN Connectivity 2025, and Eurasian Economic Union, for example-provide significant impetus for regional trade and economic cooperation and post-pandemic economic recovery and development.
圖書目錄
ACRONYMS
LIST OF CONTRIBUTORS
FOREWORD
Part I Asian Economic Outlook
Overview
Chapter 1 Asian Economic Outlook and Policies
1.1 Economic Growth
1.2 Employment and Income
1.3 Prices and Monetary Policies
1.4 Trade and Investment
1.5 Financial Market
Chapter 2 Hot Economic Issues in Asia
2.1 Transformation of the Digital Economy in the Post-pandemic Era
2.2 Debt Sustainability Faces Serious Challenges
2.3 Regional Economic and Trade Arrangements Have Been Steadily Advanced and Implemented
2.4 High-quality "Belt and Road" Construction under the COVID-19 Outbreak
Part II Asian Economic Integration Progress
Overview
Chapter 3 Merchandise Trade Integration in Asia
3.1 Integration of Merchandise Trade
3.2 Integration of Factory Asia
Chapter 4 Service Trade Integration in Asia
4.1 Asian Service Trade Integration
4.2 Development of Digital Trade in Asia
4.3 Key Service Industry Analysis
Chapter 5 FDI Integration in Asia
5.1 Current Status of FDI Integration in Asia
5.2 Outlook of Cross-Border Investment in Asia
Chapter 6 Financial Market Integration in Asia
6.1 Financial Market Openness in Asia
6.2 Monetary Cooperation and Financial Infrastructure Connectivity in Asia
6.3 Role of Asian International Financial Center
References
Preparation Notes and Acknowledgements