Publication:
East Asia Update, November 2005 : Countering Global Shocks

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-21T21:44:38Z
dc.date.available2013-03-21T21:44:38Z
dc.date.issued2005-11
dc.description.abstractGrowth in the Emerging East Asia region is expected to reach a little over 6 percent in 2005, down modestly from the exceptionally strong 7.2 percent pace of 2004. One of the clearly most fortunate developments of the last two years is the unexpectedly limited effect on economic growth of the more than doubling of crude oil prices. Several governments have had the political confidence and credibility with the public to implement politically sensitive cuts in or removal of subsidies on fuel products, allowing fuel users to respond more effectively to signals from world markets. Central banks in the region have also been tightening monetary policy to prevent the rise in oil prices and headline inflation from becoming embedded in higher trend rates of core price and wage inflation. While the tightening cycle may tend to moderate the cyclical recovery in domestic demand in the region in the near term, it will, by helping ensure moderate inflation and macroeconomic stability, also help promote more sustainable growth in the medium term. International trade has long been a great source of productivity gains and growth in East Asia. Last year's over 10 percent gain in world trade was paced by a 15-20 percent gain in East Asian real exports and imports. The Special Focus in this Update on What can East Asia Expect from the Doha Development Round? looks in more detail at the issues at stake for the region. Last but very far from least is the risk from avian influenza, which, if it expands to a widespread human influenza, could exact a dreadful toll in human life and economic losses both in Asia and around the world. The threat and the urgent policy responses that are needed are discussed later in this report.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/11/16417587/east-asia-update-countering-global-shocks-special-focus-can-east-asia-expect-doha-development-round
dc.identifier.doi10.1596/12850
dc.identifier.urihttps://hdl.handle.net/10986/12850
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesEast Asia Update;November 2005
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADVERSE IMPACT
dc.subjectAGGREGATE DEMAND
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK LENDING
dc.subjectBANKRUPTCY
dc.subjectBASKET OF CURRENCIES
dc.subjectBILL
dc.subjectBUSINESS CONFIDENCE
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCENTRAL BANKS
dc.subjectCLIMATIC CONDITIONS
dc.subjectCOMMODITY MARKETS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE CHANGES
dc.subjectCONSENSUS FORECASTS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER CONFIDENCE
dc.subjectCONSUMER DURABLES
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCONSUMERS
dc.subjectCONSUMPTION GROWTH
dc.subjectCORE INFLATION
dc.subjectCORPORATE DEBT
dc.subjectCORPORATE PROFITS
dc.subjectCPI
dc.subjectCREDIBILITY
dc.subjectCURRENCY
dc.subjectCURRENCY MARKETS
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectCYCLICAL DOWNSWING
dc.subjectDECENTRALIZATION
dc.subjectDEFLATION
dc.subjectDEMAND GROWTH
dc.subjectDEPRECIATION
dc.subjectDEVALUATION
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISPOSABLE INCOME
dc.subjectDISTORTIONS
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDOLLAR PEG
dc.subjectDOLLAR VALUE
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC DEMAND GROWTH
dc.subjectDOMESTIC MONETARY POLICIES
dc.subjectDOMESTIC MONEY SUPPLY
dc.subjectECONOMIC DISRUPTION
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC LOSS
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC STRUCTURE
dc.subjectENERGY EFFICIENCY
dc.subjectEXCHANGE RATE APPRECIATION
dc.subjectEXCHANGE RATE BAND
dc.subjectEXCHANGE RATE FLEXIBILITY
dc.subjectEXCHANGE RATE REGIMES
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORT COMMODITIES
dc.subjectEXPORT GROWTH
dc.subjectEXPORT MARKET
dc.subjectEXPORTER
dc.subjectEXTERNAL FACTORS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICIES
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFLEXIBLE EXCHANGE RATE SYSTEM
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFLOATING EXCHANGE RATE REGIME
dc.subjectFOOD PRICES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN RESERVE
dc.subjectFOREIGN RESERVES
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL DEMAND
dc.subjectGLOBAL IMBALANCES
dc.subjectGLOBAL INTEGRATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectIMBALANCES
dc.subjectIMPORT
dc.subjectIMPORT GROWTH
dc.subjectIMPORT PRICES
dc.subjectIMPORTS
dc.subjectINCOME LEVELS
dc.subjectINDUSTRIAL ECONOMIES
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION RATES
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL INTEREST
dc.subjectINTERNATIONAL INTEREST RATES
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT SPENDING
dc.subjectKEY RISKS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKETS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLEVERAGE
dc.subjectLIVING STANDARDS
dc.subjectLOCAL CURRENCY
dc.subjectLOW INTEREST RATES
dc.subjectMACROECONOMIC LEVEL
dc.subjectMACROECONOMIC STABILITY
dc.subjectMAIN CURRENCIES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRICES
dc.subjectMARKET SHARE
dc.subjectMETALS
dc.subjectMONETARY POLICY
dc.subjectMONETARY RESTRAINT
dc.subjectMOV
dc.subjectNATIONAL ECONOMIES
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL SAVINGS
dc.subjectNEGATIVE SUPPLY SHOCKS
dc.subjectNET EXPORTS
dc.subjectOIL
dc.subjectOIL COMMODITIES
dc.subjectOIL COMMODITY
dc.subjectOIL COMMODITY PRICES
dc.subjectOIL DEMAND
dc.subjectOIL EXPORTERS
dc.subjectOIL IMPORTER
dc.subjectOIL IMPORTERS
dc.subjectOIL MARKET
dc.subjectOIL MARKETS
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOPEC
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY MAKERS
dc.subjectPOVERTY REDUCTION
dc.subjectPRESENT VALUE
dc.subjectPRICE INCREASES
dc.subjectPRICE INDEX
dc.subjectPRICE INFLATION
dc.subjectPRIMARY COMMODITIES
dc.subjectPRIMARY COMMODITY
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCERS
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SPENDING
dc.subjectQUOTAS
dc.subjectREAL EXPORTS
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATES
dc.subjectREGIONAL GROWTH
dc.subjectREGIONAL MARKET
dc.subjectRESERVE ACCUMULATION
dc.subjectRESOURCE USE
dc.subjectRETAIL PRICES
dc.subjectSECTOR REFORM
dc.subjectSHORTFALLS
dc.subjectSLOW GROWTH
dc.subjectSLOWDOWN
dc.subjectSMALL ECONOMIES
dc.subjectSOCIAL COSTS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIALIST ECONOMY
dc.subjectSPARE PRODUCTION CAPACITY
dc.subjectSTOCK MARKET
dc.subjectSTRONG DEMAND
dc.subjectSUPPLY CAPACITY
dc.subjectSUPPLY SHOCK
dc.subjectSUPPLY SHOCKS
dc.subjectSURPLUSES
dc.subjectSUSTAINABLE GROWTH
dc.subjectTERMS OF TRADE
dc.subjectTOTAL IMPORTS
dc.subjectTRADE GROWTH
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE LOSSES
dc.subjectTRADE POLICY
dc.subjectTRADE REGIME
dc.subjectTRADE SURPLUS
dc.subjectTRADING PARTNERS
dc.subjectTRADING SYSTEM
dc.subjectTRANSITION ECONOMIES
dc.subjectUNCERTAINTIES
dc.subjectUNEMPLOYMENT
dc.subjectVALUE LOSS
dc.subjectWAGE INFLATION
dc.subjectWAGES
dc.subjectWEIGHTS
dc.subjectWELFARE GAINS
dc.subjectWHOLESALE PRICES
dc.subjectWORLD DEMAND
dc.subjectWORLD ECONOMY
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.subjectWORLD PRICES
dc.subjectWORLD TRADE
dc.subjectWTO
dc.titleEast Asia Update, November 2005 : Countering Global Shocksen
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2012-06-23
okr.date.doiregistration2025-05-07T09:30:27.117983Z
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2005/11/16417587/east-asia-update-countering-global-shocks-special-focus-can-east-asia-expect-doha-development-round
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid220041468245427647
okr.identifier.externaldocumentum000425962_20120623094829
okr.identifier.internaldocumentum16417587
okr.identifier.report34138
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/23/000425962_20120623094829/Rendered/PDF/341380ESW0P0830041B0EAP0Brief0final.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.geographicalEast Asia
okr.region.geographicalOceania
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.sectorAgriculture, fishing, and forestry
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Analysis of economic growth
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicEnvironmental Economics and Policies
okr.topicEnvironment
okr.unitPREM Sector Department (EASPR)
okr.volume1 of 1
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