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Navigating a Changing World Economy : ASEAN, the People’s Republic of China, and India

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Author Info

  • Peter A. Petri

    (Asian Development Bank Institute (ADBI))

  • Fan Zhai

Abstract

Most projections envision continued rapid growth in the members of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China (PRC), and India (collectively, ACI) over the next two decades. By 2030, they could quadruple their output, virtually eliminate extreme poverty, and dramatically transform the lives of their more than 3 billion citizens. The impact will be felt across the world. This study—a background paper to an Asian Development Bank report—used a Computable General Equilibrium model to examine the likely effects of the region's growth on trade, resources and the environment, as well as the implications of the many risks the region's growth path faces from its internal and external environment.

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Bibliographic Info

Paper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 23389.

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Date of creation: Jan 2013
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Handle: RePEc:eab:macroe:23389

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Related research

Keywords: ASEAN; China; India; computable general equilibrium; economic growth;

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