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

Author

Listed:
  • Petri, Peter A.

    (Asian Development Bank Institute)

  • Zhai, Fan

    (Asian Development Bank Institute)

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

  • Petri, Peter A. & Zhai, Fan, 2013. "Navigating a Changing World Economy: ASEAN, the People’s Republic of China, and India," ADBI Working Papers 404, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0404
    as

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    References listed on IDEAS

    as
    1. Masahiro Kawai & Fan Zhai, 2010. "Asia’s Post-Global Financial Crisis Adjustment: A Model-Based Dynamic Scenario Analysis," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 27(02), pages 122-151, December.
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    7. David Roland-Holst & Jean-Pierre Verbiest & Fan Zhai, 2005. "Growth and Trade Horizons for Asia: Long-term Forecasts for Regional Integration," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 22(02), pages 76-107.
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    More about this item

    Keywords

    asean; prc; india; world economy; aci; great transformation; growth engines;
    All these keywords.

    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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