Nehru, Vikram2012-08-132012-08-132010-07https://hdl.handle.net/10986/10170Developing East Asia is leading the global economic recovery, although performance varies across the region. In some countries, the monetary stance is already being tightened in light of emerging inflationary pressures; but it is premature to withdraw the fiscal stimulus until the global recovery is on a firmer footing. Fortunately, most countries in the region have adequate fiscal space and relatively low debt burdens. To ensure that the momentum of the recovery transitions into sustainable and inclusive growth over the medium term, the governments in the region must once again focus their attention on medium-term structural reforms. This means different policy priorities in different countries especially given the diversity of the region. In addition, the region faces two common priorities regional economic integration and climate change. Making progress on both fronts will be critical to the region's medium-term prospects.CC BY 3.0 IGOADBADVANCED COUNTRIESADVANCED ECONOMIESADVERSE EFFECTSADVERSE IMPACTSAGRICULTUREALLOCATIONASIAN BOND MARKETBALANCE SHEETSBANK BALANCE SHEETSBANK OFFICEBARRIERS TO INVESTMENTBINDING CONSTRAINTBONDBOND MARKETBOND MARKETSBONDSBOOM-BUST CYCLESBRAIN DRAINBUDGET DEFICITCAPITAL STOCKCENTRAL BANKCENTRAL BANKSCLIMATE CHANGECOMMODITIESCOMMODITYCOMMODITY PRICESCOMMUNICATIONS TECHNOLOGYCOMPETITIVE ADVANTAGECOMPETITIVENESSCONNECTIVITYCONSUMPTION PATTERNSCONTINGENT LIABILITIESCREDIT GROWTHCREDIT GUARANTEECURRENT ACCOUNT SURPLUSCURRENT ACCOUNT SURPLUSESDEBTDEBT BURDENSDECISION MAKINGDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT ECONOMICSDISECONOMIES OF SIZEECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC COOPERATIONECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC MODELECONOMIC RECOVERYECONOMIES OF SCALEEMISSIONSEMPLOYMENTENERGY CONSUMPTIONENERGY EFFICIENCYENTRY BARRIERSENVIRONMENTAL PROTECTIONENVIRONMENTAL SUSTAINABILITYEQUIPMENTEXCESS LIQUIDITYEXPANSIONARY FISCAL POLICYEXPENDITUREEXPORT GROWTHEXPORT MARKETSEXPORTERSEXPORTSEXPOSUREEXTERNAL DEBTFINANCIAL CRISISFINANCIAL INTEGRATIONFINANCIAL REFORMSFINANCIAL SECTORFINANCING ARRANGEMENTSFISCAL DEFICITSFISCAL POLICIESFISCAL POLICYFORECASTSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN INVESTORSFREE TRADEFREE TRADE AGREEMENTGDPGDP PER CAPITAGLOBAL CLIMATEGLOBAL ECONOMIC PROSPECTSGLOBAL ECONOMYGLOBAL MARKETSGLOBAL TRADEGOVERNMENT BUDGETSGREEN INVESTMENTSGROWTH RATESHARMONIZATIONHOST COUNTRIESHUMAN CAPITALHURRICANESIMPACTS OF CLIMATE CHANGEIMPORTSINCOMEINCOME LEVELSINCOMESINFLATIONINFLATION RATEINFLATIONARY PRESSURESINFORMATION FLOWSINFORMATION TECHNOLOGYINSTITUTIONAL INFRASTRUCTUREINSURANCEINSURANCE INSTRUMENTSINTERNATIONAL COOPERATIONINTERNATIONAL FINANCEINVENTORYINVESTMENT RATESISSUANCEJOBSLABOR COSTSLABOR MARKETLABOR MARKETSLABOR SUPPLYLIBERALIZATIONLOANLOAN AMOUNTLOCAL CURRENCYLOW-INCOME COUNTRIESLOW-INCOME ECONOMIESMIDDLE-INCOME COUNTRIESMIDDLE-INCOME ECONOMIESMIGRATIONMONETARY POLICIESMONETARY POLICYNATIONAL DEVELOPMENTNATIONAL INFRASTRUCTURENATURAL DISASTERSNATURAL RESOURCENATURAL RESOURCESNOW ACCOUNTSOPEN-MARKET OPERATIONSOUTPUTPEER REVIEWPER CAPITA INCOMEPOLICY MAKERSPOWER PARITYPRIVATE INVESTMENTPRIVATE INVESTORSPRIVATE SAVINGSPRIVATE SECTOR DEVELOPMENTPRODUCTION STRUCTURESPRODUCTIVITYPUBLIC DEBTPUBLIC FINANCEPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC SERVICESPURCHASING POWERRAPID GROWTHRATES OF INFLATIONREAL ESTATEREGIONAL BOND MARKETSREGIONAL INTEGRATIONREGULATORY BARRIERSREGULATORY FRAMEWORKREMITTANCEREMITTANCESRESERVERESERVE REQUIREMENTSRESERVESRETURNRETURNSRISK AVERSIONSAVINGSSHORT-TERM LIQUIDITYSMALL ECONOMIESSOCIAL PROTECTIONSPOT PRICESSTORMSSUSTAINABLE DEVELOPMENTSUSTAINABLE GROWTHSWAPSTAXTAX STRUCTURETAXATIONTELECOMMUNICATIONSTRACK RECORDTRADE BALANCETRADE BARRIERSTRADE LIBERALIZATIONTRADINGTRANSPARENCYTRANSPORTUNEMPLOYMENTURBANIZATIONVALUE ADDEDVOLATILITYWAGESWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/10170