IWS Documented News INTERNATIONAL

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________

Asian Development Bank (ADB)

ASIA ECONOMIC MONITOR: DECEMBER 2011 [6 December 2011]

http://aric.adb.org/pdf/aem/dec11/Dec_AEM_complete.pdf

[full-text, 65 pages]

CONTENTS

Emerging East Asia—A Regional Economic Update

Highlights . 2

Economic Performance. 3

Growth and Inflation. 3

Balance of Payments. 7

Financial Markets and Exchange Rates. 10

Monetary and Fiscal Policy. 14

Financial Vulnerability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16

Economic Outlook, Risks, and Policy Issues. 24

External Economic Environment. 24

Regional Economic Outlook for 2012. 35

Risks to the Outlook . 39

Policy Issues . 40

Can East Asia Weather Another Global Economic Crisis?. 43

Introduction . 43

What are the risks of another global financial crisis? . 44

How would another global financial crisis impact East Asia? . 47

Estimating the impact of a new global crisis on East Asia. 53

Where can policymakers make a difference?. 56

Conclusion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .58

Press Release 6 December 2011

Rising Risk of Deep Eurozone-US Recessions Poses Threat to Asia

http://beta.adb.org/news/rising-risk-deep-eurozone-us-recessions-poses-threat-asia

________________________________________________________________________

This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

****************************************
Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
****************************************