IDEAS home Printed from https://ideas.repec.org/p/wbk/wboper/37097.html
   My bibliography  Save this paper

World Bank East Asia and Pacific Economic Update - Spring 2022

Author

Listed:
  • World Bank

Abstract

Amidst a fragile recovery, three clouds are gathering over the economic horizon: US inflation could provoke financial tightening, China’s structural slowdown and zero-COVID-19 policy could dampen regional exports, and the conflict between Russia and Ukraine could disrupt food and fuel supplies, spook financial markets, and undermine business confidence. Counterposed against these risks, are three opportunities. First, shifts in the patterns of comparative advantage are creating new niches in both goods and services trade. Second, the diffusion of technologies could boost productivity. Finally, new green technologies could allow countries to cut carbon emissions without unacceptable cuts in consumption or growth. Accordingly, policy action must help countries to both affect the risk and grasp the opportunities. We begin by addressing three proximate questions: What is happening to the economies? Why? And what can we expect? We then discuss the policy options that can help East Asia and Pacific economies weather the shocks and ensure sustainable growth.

Suggested Citation

  • World Bank, "undated". "World Bank East Asia and Pacific Economic Update - Spring 2022," World Bank Publications - Reports 37097, The World Bank Group.
  • Handle: RePEc:wbk:wboper:37097
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstreams/3f1e8677-a3aa-555c-a145-ee6c30d23fae/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:wbk:wbpubs:30447 is not listed on IDEAS
    2. Georgiadis, Georgios, 2016. "Determinants of global spillovers from US monetary policy," Journal of International Money and Finance, Elsevier, vol. 67(C), pages 41-61.
    3. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, April 2018," World Bank Publications - Reports 29648, The World Bank Group.
    4. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, October 2018," World Bank Publications - Reports 30447, The World Bank Group.
    5. Diego Comin & Martí Mestieri, 2018. "If Technology Has Arrived Everywhere, Why Has Income Diverged?," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(3), pages 137-178, July.
    6. Guenette,Justin Damien, 2020. "Price Controls : Good Intentions, Bad Outcomes," Policy Research Working Paper Series 9212, The World Bank.
    7. World Bank, 2021. "World Development Report 2021 [Informe sobre el desarrollo mundial 2021]," World Bank Publications - Books, The World Bank Group, number 35218.
    8. Silvia Miranda-Agrippino & Tsvetelina Nenova & Helene Rey, 2020. "Global Footprints of Monetary Policy," Discussion Papers 2004, Centre for Macroeconomics (CFM).
    9. repec:wbk:wbpubs:29648 is not listed on IDEAS
    10. Hong Cheng & Hanbing Fan & Takeo Hoshi & Dezhuang Hu, 2019. "Do Innovation Subsidies Make Chinese Firms More Innovative? Evidence from the China Employer Employee Survey," NBER Working Papers 25432, National Bureau of Economic Research, Inc.
    11. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, October 2016," World Bank Publications - Reports 25088, The World Bank Group.
    12. World Bank, "undated". "World Bank East Asia and Pacific Economic Update, April 2016," World Bank Publications - Reports 24015, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Beirne, John & Renzhi, Nuobu & Volz, Ulrich, 2021. "When the United States and the People’s Republic of China Sneeze: International Real and Financial Spillovers in Asia," ADBI Working Papers 1288, Asian Development Bank Institute.
    2. Georgiadis, Georgios & Müller, Gernot J. & Schumann, Ben, 2024. "Global risk and the dollar," Journal of Monetary Economics, Elsevier, vol. 144(C).
    3. Anne Provo & Steve Atwood & Eileen Brainne Sullivan & Nkosinathi Mbuya, 2017. "Malnutrition in Timor-Leste," World Bank Publications - Reports 26394, The World Bank Group.
    4. Sinem Kilic Celik & M. Ayhan Kose & Franziska Ohnsorge, 2023. "Potential Growth Prospects: Risks, Rewards and Policies," CAMA Working Papers 2023-19, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    5. World Bank Group, 2016. "Malaysia Economic Monitor, December 2016," World Bank Publications - Reports 25857, The World Bank Group.
    6. Riccardo Degasperi & Seokki Simon Hong & Giovanni Ricco, 2024. "The global transmission of U.S. monetary policy," Temi di discussione (Economic working papers) 1466, Bank of Italy, Economic Research and International Relations Area.
    7. Chandra, Ankit & Heeren, Derek M. & Odhiambo, Lameck & Brozović, Nicholas, 2023. "Water-energy-food linkages in community smallholder irrigation schemes: Center pivot irrigation in Rwanda," Agricultural Water Management, Elsevier, vol. 289(C).
    8. Corneli, Flavia & Ferriani, Fabrizio & Gazzani, Andrea, 2023. "Macroeconomic news, the financial cycle and the commodity cycle: The Chinese footprint," Economics Letters, Elsevier, vol. 231(C).
    9. Georgiadis, Georgios & Jarociński, Marek, 2023. "Global spillovers from multi-dimensional US monetary policy," Working Paper Series 2881, European Central Bank.
    10. Mistak, Jakub & Ozkan, F. Gulcin, 2024. "Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating," Working Paper Series 2995, European Central Bank.
    11. World Bank, 2016. "Taking Stock, December 2016," World Bank Publications - Reports 25748, The World Bank Group.
    12. Raphael Bergoeing & Norman V. Loayza & Facundo Piguillem, 2016. "The Whole is Greater than the Sum of Its Parts: Complementary Reforms to Address Microeconomic Distortions," The World Bank Economic Review, World Bank, vol. 30(2), pages 268-305.
    13. Oanh Kim Thi Tran & Anh Viet Hong Nguyen, 2024. "The Differences in Spillover Effects of International Monetary Policy on Southeast Asian Economies," SAGE Open, , vol. 14(2), pages 21582440241, June.
    14. Tiago Neves Sequeira & Marcelo Santos, 2019. "Technology in 1500 and genetic diversity," Empirical Economics, Springer, vol. 56(4), pages 1145-1165, April.
    15. Victor Echevarria Icaza & Simón Sosvilla-Rivero, 2017. "Yields on sovereign debt, fragmentation and monetary policy transmission in the euro area: A GVAR approach," Working Papers 17-01, Asociación Española de Economía y Finanzas Internacionales.
    16. Raputsoane, Leroi, 2018. "Leader followership in monetary policy coordination," MPRA Paper 121905, University Library of Munich, Germany.
    17. Mbassi, Christophe Martial & Messono, Omang Ombolo, 2023. "Historical technology and current economic development: Reassessing the nature of the relationship," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    18. Luo, Lianfa & Cheng, Zhiming & Ye, Qingqing & Cheng, Yanjun & Smyth, Russell & Yang, Zhiqing & Zhang, Le, 2024. "Nonmonetary awards and innovation: Evidence from winning China's Top Brand Contest," China Economic Review, Elsevier, vol. 86(C).
    19. Alexander Bick & Adam Blandin & David Deming, 2023. "The Rapid Adoption of Generative AI," On the Economy 98843, Federal Reserve Bank of St. Louis.
    20. Thanos Fragkandreas, 2022. "Three Decades of Research on Innovation and Inequality: Causal Scenarios, Explanatory Factors, and Suggestions," Working Papers 60, Birkbeck Centre for Innovation Management Research, revised Feb 2022.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wboper:37097. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.