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The Great Rebalancing Act: Can Investment Be a Lever in Asia?

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  • Mr. Malhar S Nabar
  • Mr. Murtaza H Syed

Abstract

Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firms’ access to credit, stronger incentives for corporate restructuring, policies to bolster the business climate and reduce uncertainty, and by improvements in infrastructure that raise the returns to private investment.

Suggested Citation

  • Mr. Malhar S Nabar & Mr. Murtaza H Syed, 2011. "The Great Rebalancing Act: Can Investment Be a Lever in Asia?," IMF Working Papers 2011/035, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2011/035
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    References listed on IDEAS

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    1. Straub, Stephane & Vellutini, Charles & Warlters, Michael, 2008. "Infrastructure and economic growth in East Asia," Policy Research Working Paper Series 4589, The World Bank.
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    Cited by:

    1. Kiichi Tokuoka, 2012. "Does the Business Environment Affect Corporate Investment in India?," IMF Working Papers 2012/070, International Monetary Fund.
    2. Vincent C.S. Lim & Victor Pontines, 2012. "Global Imbalances: A Primer," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp86, April.
    3. Douglas H. Brooks & Eugenia C. Go, 2013. "Infrastructure," Chapters, in: Hal Hill & Maria Socorro Gochoco-Bautista (ed.), Asia Rising, chapter 3, pages 76-103, Edward Elgar Publishing.
    4. Konov, Joshua Ioji, 2012. "Market Economy under Rapid Globalization and Rising Productivity," MPRA Paper 48750, University Library of Munich, Germany.

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