Home  Our Research  Economy
Economy
The SIIA has been active in its economic analysis of the region and the world. In recent years, we have focused on the 2008 US credit crunch, as well as the 2011 sovereign debt crisis in the Eurozone. We also look at economic regionalism and new institutions in Asia, particularly the potential for economic integration in the ASEAN bloc. Our work includes special reports and commentaries written by our staff and experts.
Global and Eurozone Crisis
The Eurozone crisis is problem that not only affects Europe alone. In 2012, the SIIA launched a seminar series featuring views from prominent European experts about Europe's future and the implications for the rest of the world. According to visiting speakers, the crisis has shown how fragile the Eurozone is. Institutional reform is needed to streamline Europe's governing mechanisms, though this is politically difficult. In addition to economic concerns, Europe also faces social problems such as widening inequality and an aging population. In this context, Eurosceptic nationalist parties are gaining political ground. Ultimately the Eurozone may survive, but the task of reworking the monetary union will be a difficult one.

That said, it is generally believed that Asian countries will continue to grow despite Europe's problems, being able to shoulder slowdowns due to their growing consumer base, flexible labour markets, and room for both monetary easing and fiscal stimulus.
 
Economic Regionalism
Recent years have seen a rapid proliferation in bilateral agreements, but also new architecture at the regional level. In the area of finance, ASEAN+3 has achieved significant cooperation via the Chiang Mai Initiative Multilateralisation (CMIM), a formal binding currency swap agreement that came into effect in 2010. The CMIM demonstrates the region's resolve to address future economic crises, and shows how regional efforts are acting to fill perceived gaps left by global institutions such as the International Monetary Fund (IMF).

In the area of trade, negotiations are progressing alongside the APEC forum for the formation of an expanded Trans-Pacific Partnership (TPP) trade agreement. Backed by the United States, the TPP would bring together several North American, Latin American, and Asian members of APEC. But the TPP negotiations do not include China. It is known that China prefers that ASEAN and ASEAN+3 remains its default hub for participation in regional trade integration efforts.

In 2011, ASEAN leaders endorsed a framework for the creation of a Regional Comprehensive Economic Partnership (RCEP), aiming to join ASEAN's current FTA partners - Australia, China, Japan, South Korea, India, and New Zealand - into a single free trade area, potentially comprising some 3.33 billion people. RCEP is seen as a way of addressing the “spaghetti bowl” reality that multiple overlapping agreements create in the region. But with the increasing number of regional institutions and initiatives, it debatable whether these developments are competing or complementary.
 
Related Links
• Sep 12 2012
   Eurozone: German court to rule on bailout fund, fiscal pact; Dutch election dominated by crisis
   http://www.siiaonline.org/content.aspx?page=InsightDetails&id=564&ArticleCategoryId=7
 
• Sep 03 2012
   Economy: ASEAN and partners to start talks in 2013 for new regional FTA; APEC summit week begins in Russia
   http://www.siiaonline.org/content.aspx?page=InsightDetails&id=558&ArticleCategoryId=7
 
• May 23 2012
   SIIA Seminar Series: The Eurozone's New Policy Debate (Sponsored by CIC Bank)
   http://www.siiaonline.org/content.aspx?page=EventDetails&id=24&ArticleCategoryId=5
 
 

where to buy abortion pill

where can i buy abortion pills http://sagesoftware.co.in/Default.aspx order abortion pill

online purchase abortion pill

buy abortion pills online abortion pill buy abortion pills online

abortion pills online

buy the abortion pill online abortion pill online purchase where can you buy the abortion pill

get viagra

buy viagra online without prescription viagra online free viagra

buy kamagra online inurl:nc

kamagra online shop in uk kamagra female herbal kamagra

kamagra jelly uk

generic kamagra jelly buy kamagra jelly women does kamagra jelly work

buy amoxil online a href

get amoxicillin avoid prescription buy amoxicillin online a href buy cheap amoxil

women does synthroid work

thyroxine for sale buy thyroxine online female herbal synthroid

women does bisacodyl work

bisacodyl online uk laxative generic laxative

principen online shop in uk

generic principen mail order ampicillin get principen

where can i buy abortion pills

abortion pill online purchase abortion pill abortion pills

order clarithromycin

buying biaxin clarithromycin buy biaxin 500mg

how does ciprofloxacin work

alternative to ciprofloxacin order cipro ciprofloxacin for sale

where to buy cleocin online

how to use cleocin clindamycin buy clindamycin online safe

get dexone avoid prescription

buy dexamethasone online a href dexamethasone purchase dexone online

generic duricef online

mail order duricef cefadroxil female herbal duricef

natural vantin

cefpodoxime online shop in uk fedex generic vantin buy vantin online

buy cefuroxime on the internet

buy cheap cefuroxime online uk cefuroxime cheap ceftin

pill for abortion online

buy abortion pills online abortion pill where can you buy the abortion pill

order cephalexin online

keflex dosage http://www.fareastjournals.com/conf_detail.aspx?conf_id=5 where to buy keflex online

buy chloramphenicol

photos chloramphenicol http://www.fareastjournals.com/conf_detail.aspx?conf_id=6 cheap chloramphenicol

ordering abortion pills to be shipped to house

order abortion pill abortion pill buy abortion pill

get augmentin

order augmentin generic clavulanate augmentin without prescription

cytotec abortion

abortion pill buy online http://www.stuff-for-geeks.com/page/misoprostol-dose-abortion.aspx cytotec abortion pill buy online