Posts By Véronique Salze-Lozac'h
February 8, 2012
Global economic recovery in 2012 remains tenuous, with the World Bank recently downgrading its forecast for this year’s global growth from 3.6 percent to 2.5 percent. This slide in expectations and persistently high unemployment rates in many countries has sparked a resurgence of protectionist tendencies toward trade. These tendencies are couched in the language of “bringing jobs back,” while tariffs are euphemistically coined as “flexibility” needed to protect domestic producers. South Asia has suffered for decades from a low level of intraregional cooperation, both politically and economically.
January 25, 2012
From January 25-29, the world’s most powerful leaders from the public and private sectors gather in the Swiss town of Davos to try to agree on measures that will eventually impact billions of people across the world. The event is being held against an unprecedentedly gloomy global economic picture. The World Bank
recently reported that the world economy will grow by only 2.5 percent in 2012, far below initial estimates of 3.6 percent. In Europe, leaders have yet to come up with a comprehensive solution to the eurozone crisis.
January 4, 2012
In 2011, Asia grappled with a host of devastating shocks, both natural and man-made. As challenging and economically harsh as they have been, they have provided an opportunity for Asia’s emerging economies to dramatically assert their economic resilience and regional influence.
November 2, 2011
Cannes, a medieval city on the French Riviera internationally renowned for its luxurious hotels, seafront “promenade,” and International Film Festival, is used to welcoming the rich and famous. It is, however, another type of festival that will take place in Cannes this week. The city is gearing up for the sixth annual Group of Twenty (G-20) Summit where heads of state, finance ministers, and Central Bank governors from 20 industrialized and developing economies (19 countries plus the European Union) will converge to discuss financial markets and the world economy. The G-20, whose member countries account for over 80 percent of the global output and two-thirds of the world’s population, is the premier forum for industrialized and developing countries to discuss key issues in the global economy and monitor international economic cooperation.
September 14, 2011
At the Asia-Pacific Economic Cooperation (APEC) forum taking place in San Francisco this week, the powerful role women entrepreneurs play across the globe in driving economic growth and job creation is high on the agenda. Recognizing this growing role, particularly for micro, small, and medium enterprises (MSMEs), I joined leading economists, experts, government officials, and women entrepreneurs from around the world today for a dedicated all-day discussion on specific constraints women face when starting or developing a business.
June 29, 2011
While debt-ridden Greece struggles to get its head out of the troubled waters of economic, financial, and now social turmoil, one of the few hands reaching out to help is not only from the expected European Union-International Monetary Fund tandem – but from a far less expected and more recent friend: China.
May 18, 2011
On April 12, Dhaka was vibrating with excitement as residents celebrated the first day of Bengali New Year, or Pahela Baishakh. Lavish, colorful street parties mixed in with bicycles, rickshaws, cars, and motorbikes added…
April 13, 2011
One month after the devastating earthquake and tsunami struck Japan, the Japanese are still coping with an incredible accumulation of sorrow, devastation, and anxiety about the future. Beyond the most urgent question of how Japan will recover from such a calamitous situation, a secondary concern is the potential human, environmental, and economic impact the crisis will have on the rest of Asia. Economists seem to agree that the disaster is not likely to pose a significant, long-term risk to the global economy.
January 5, 2011
One year ago in this blog, Asia Foundation chief economist Bruce Tolentino expressed “cautious optimism” about the prospects for global recovery and Asian growth in 2010. His positive prediction for Asia was more than fulfilled, in spite of a dispiriting lag in U.S. recovery and severe economic crises in the Eurozone. In 2010, Asia’s diverse […]
October 6, 2010
What unfolded on October 2 between China and Greece is compelling, marking China’s biggest pledge of support for in-debt euro-zone nations. On his week-long tour of Europe, Chinese Premier Wen Jiabao made his first stop in Athens, where he offered to buy Greek government bonds to help the struggling nation overcome its debt burden and, […]