Asia Pacific Economic Outlook
Thursday, 26 May 2011
Dr. Vivek Arora, Assistant Director of the International Monetary Fund’s Asia and Pacific Department, outlined the global economic recovery, the growth outlook in Asia, risks of overheating, and policy challenges. He stated his belief that the growth outlook for Asia looks strong, though there are new risks from exuberant credit and property markets, higher commodity prices, and the effects of Japan’s earthquake.
Professor David E. Weinstein, Carl S. Shoup Professor of the Japanese Economy and Associate Director of CJEB, served as a discussant for this lecture, and noted the many countries which are in danger of default: Japan, Ireland, Greece, Spain, the United States, and Portugal. Professor Shang-Jin Wei, N. T. Wang Professor of Chinese Business and Economy and Director of the Chazen Institute at Columbia Business School (CBS), moderated the lecture. A more complete summary can be found here.
This lecture was co-sponsored with the Chazen Institute and CJEB.