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

Author

Listed:
  • 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.

Suggested Citation

  • Peter A. Petri & Fan Zhai, 2013. "Navigating a Changing World Economy : ASEAN, the People’s Republic of China, and India," Macroeconomics Working Papers 23389, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:macroe:23389
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    File URL: http://www.eaber.org/node/23389
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    More about this item

    Keywords

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

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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