Descripciones mejoradas de Syndetics:

This document provides a review of the region's performance in 2012 and its outlook in 2013 as it recovers from the global economic crisis and assesses the region's policy response to remaining and emerging vulnerabilities. Areas of economic and social policy analysed include growth, inflation, trade and investment, financial markets, employment, migration and remittances. Key challenges ahead are addressed and policy responses recommended for countries in order to sustain their development. The document also addresses a thematic issue, discussing the current approach of macroeconomic policy making and critically assessing whether it has served development adequately.

Tabla de contenidos provista por Syndetics

• Foreword(p. iii)
• Preface(p. v)
• Executive Summary(p. vii)
• Acknowledgements(p. xi)
• Explanatory notes(p. xxii)
• Abbreviations(p. xxv)
• Sources of quotations(p. xxvii)
• Introduction: why forward-looking macroeconomic policies for inclusive and sustainable development in Asia and the Pacific?(p. 1)
• Chapter 1 The state of inclusive and sustainable development in uncertain times(p. 13)
• Heightened vulnerabilities and policy challenges(p. 15)
• Uncertain global environment requires vigilance(p. 15)
• Weak economic environment heightens labour market vulnerabilities(p. 20)
• Food and fuel price pressures despite slowing headline inflation(p. 23)
• Macroeconomic instability heightening through short term capital inflows(p. 28)
• Trade performance under threat(p. 33)
• Slowdown in China affects the region(p. 35)
• Foreign investment declined, especially in least developed countries(p. 37)
• Aid commitments to least developed countries not met(p. 41)
• Remittances offering a complementary source of resilience(p. 42)
• Outlook for Asia and the Pacific in 2013(p. 43)
• Moderate growth increase forecast in 2013(p. 43)
• Modest inflation forecast for 2013(p. 47)
• Downside risks(p. 49)
• Structural impediments to continued progress(p. 50)
• Growing inequality is threatening shared prosperity and constraining domestic markets(p. 50)
• Lack of progressivity in tax structure and insufficient public provisioning contributing to inequality(p. 52)
• Low tax revenues constrain ability for countercyclical response and public investment(p. 54)
• Neglect of agricultural sector contributing to poverty, inequality and food insecurity(p. 56)
• Unsustainable resource use(p. 57)
• Increased disasters costing lives and development(p. 61)
• Policy options(p. 62)
• Supporting growth and achieving inclusive and sustainable development(p. 62)
• Debt, inflation and fiscal sustainability(p. 64)
• Regional cooperation for addressing infrastructure deficits(p. 65)
• Chapter 2 Macroeconomic performance and policy challenges at the subregional level(p. 69)
• Diversity in performance across subregions(p. 70)
• East and North-East Asia(p. 71)
• Growth slows as the global economy weakens again(p. 71)
• Inflation slows but volatile food and fuel prices continue to affect households(p. 73)
• Monetary policy stance supportive of growth(p. 74)
• Adequate fiscal space in most economies provides the flexibility to consider stimulus(p. 75)
• Current account remains in surplus(p. 76)
• Net exports remain supportive but intraregional trade growth weakens(p. 77)
• Currencies of countries in the subregion appreciate slightly against the dollar(p. 77)
• Foreign direct investment contracts amid weakening global investment sentiment(p. 78)
• Future outlook and policy challenges(p. 78)
• North and Central Asia(p. 82)
• Growth slows across the subregion(p. 82)
• Inflation eases during the first half of 2012 but subsequently picks up(p. 84)
• Deterioration in fiscal balances(p. 85)
• Central banks face a policy dilemma between supporting growth and taming inflation(p. 87)
• Moderate export growth deteriorates current account balances(p. 87)
• Future outlook and policy challenges(p. 89)
• Pacific(p. 93)
• Pacific island developing economies: Growth slows(p. 93)
• Inflationary pressures subside(p. 95)
• Diverse budget performance(p. 96)
• Current account deficits remain large(p. 98)
• Future outlook and policy challenges(p. 99)
• Australia and New Zealand: Growth performance improved steadily(p. 103)
• Moderate inflationary pressures(p. 104)
• Subdued global economic growth and strong currencies weigh down exports(p. 105)
• Fiscal policy remains supportive of economic growth(p. 105)
• Monetary policy eased(p. 105)
• Economic outlook is favourable but risks are tilted to the downside(p. 105)
• South and South-West Asia(p. 106)
• Growth slows due to both external and domestic factors(p. 106)
• High inflation persists(p. 109)
• Monetary policy needs to strike a balance between curbing inflationary expectations and reviving growth(p. 111)
• Budget deficits continue to remain high(p. 111)
• Widening current account deficits(p. 113)
• Future outlook and policy challenges(p. 115)
• South-East Asia(p. 119)
• Growth accelerates, led by robust domestic demand and Thailand's rebound(p. 119)
• Inflation softens as pressure from food and fuel prices subsides(p. 122)
• Active fiscal policy helps boost domestic demand(p. 124)
• Monetary policy supports growth while curbing short-term inflows(p. 125)
• Current account surpluses narrow but FDI and remittances remain strong; portfolio flows volatile(p. 126)
• Future outlook and policy challenges(p. 128)
• Chapter 3 Developmental macroeconomics: the critical role of public expenditure(p. 137)
• Shifts in the macroeconomic policy paradigm(p. 138)
• Need to bring back the balance: stabilization is necessary but not sufficient(p. 142)
• Fiscal policy: composition of government expenditure does matter(p. 144)
• Monetary policy: moderate inflation can help economic growth(p. 147)
• Financial policy: prudential regulation and financial inclusion(p. 149)
• Exchange rates: an instrument for structural change(p. 153)
• Capital flows: managing enhances policy space and mitigates financial sector fragility(p. 155)
• Keys areas of inclusive and sustainable development(p. 157)
• Employment for all(p. 159)
• Income security for the elderly(p. 161)
• Income security for persons with disabilities(p. 162)
• Health for all(p. 163)
• Education for all(p. 166)
• Energy access for all(p. 167)
• Concluding remarks(p. 170)
• Chapter 4 Investing in inclusive and sustainable development(p. 175)
• Providing employment for all(p. 176)
• Providing income security for the elderly(p. 179)
• Providing income security for persons with disabilities(p. 181)
• Providing health for all(p. 181)
• Providing education for all(p. 184)
• Providing energy access for all(p. 185)
• Investment and expenditure for inclusive and sustainable development(p. 191)
• Macroeconomic implications(p. 193)
• Debt sustainability(p. 195)
• Price stability(p. 195)
• Concluding remarks(p. 199)
• Annex - methodology(p. 201)
• References(p. 207)
• Statistical annex(p. 221)