December 21, 2016
Over the last decade, Bangladesh has experienced impressive economic growth, with GDP growth expanding steadily by an average of 6 percent, and projected to maintain 6.8 percent growth in 2017, according to the World Bank. The steady rise is thanks in large part to the country’s strong garment export industry and rising consumption, making Banglade… Read more
April 27, 2016
Over 30 years have passed since the South Asian Association for Regional Cooperation (SAARC) held its first summit. Despite efforts to economically integrate the region, including drastically cutting high tariff rates through trade pacts such as the South Asian Free Trade Agreement (SAFTA), intra-regional trade has remained at a dismal 5 percent, c… Read more
May 13, 2015
Asia’s developing economies will continue their steady growth, with GDPs expected to rise by an average of 6.3 percent in each of the next two years, according to the annual flagship report, Asian Development Outlook 2015, from the Asian Development Bank (ADB).
April 8, 2015
For years, Mongolia’s economy outpaced most of the world, riding a mining boom to double-digit growth that peaked in 2011 at 17.5 percent. But since then, the economic tide has slowly turned, with growth dropping to 12.3 percent in 2012, 11.7 percent in 2013, and 7.8 percent in 2014.
January 7, 2015
2014 will be remembered as the year when China became the world’s biggest economy in purchasing power parity (PPP) terms, overtaking the United States for the first time in history. This move, which did not come as a surprise, is the sign of a superpower transition…
November 12, 2014
This year’s Asia-Pacific Economic Cooperation (APEC) Forum in Beijing kicked off Nov. 7-8 with the 26th Ministerial Meeting, which focused on three priority areas: advancing regional economic integration, promoting economic growth, and strengthening connectivity and infrastructure development. In its joint ministerial statement, the group endorsed the “APEC Strategic Blueprint for Promoting Global Value Chain Development and Cooperation” as a mechanism to strengthen mutual economic cooperation within the global value chain network.