Asian Economic Integration in an Era of Global Uncertainty,

Year

2018

Publisher

ANU Press

Language

English

Pages

ISBN

978-1-76046-175-1

Link

Last Update

05-Sep-2024

Keywords

Political Science

Description

The global economy is confronted by huge uncertainties and challenges to the global trading system and global growth. The slow recovery from the global financial crisis (GFC) of 2007 and 2008 has led to protectionist forces and a backlash against globalisation in Europe and the US that threatens the global openness on which many countries, especially those in Asia, rely for development, peace and stability. In 1950, Asian per capita income, averaged across the region, was about 7 per cent of US per capita income; 60 years later, it was 21 per cent of US per capita income (The Maddison...