While the focus in Asia in recent months has shifted to inflation, there is a debate in Bangladesh over the conflicting figures of GDP growth. According to the Bangladesh Bureau of Statistics (BBS), the economy is projected to grow 6.7% in the fiscal year (FY) 2010-11. This provisional figure conflicts with other agencies that forecast […]
After over fifteen years on the drawing-boards, the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project was approved by the four countries’ leaders, meeting in Ashgabat in December. While the intergovernmental agreement naturally depends upon follow-on negotiations to be realized, it is anticipated that sales and purchase agreements will be signed at another four-way meeting that could take place as early as April 2011. The success of such a project would continue diversification of Turkmenistan’s gas export directions, provide needed resources to gas-hungry Pakistan and India, and not least give Afghanistan a keystone development project upon which to build economic reconstruction.
The 10th National People’s Congress and the Chinese People’s Political Consultative Conference held in March this year have been an excellent platform to understand which way China is heading as far as its economic and political reforms are concerned.
China’s future pattern of economic development received top priority in the assembly. In this connection, one of China’s key strategic imperatives is to shift its economic structure towards high value-added manufacturing and services.
Just days before the G20 summit in Toronto, South Korea and Indonesia announced several policy measures to regulate potentially destabilising capital flows which could pose a threat to their economies and financial systems.
The policy measures announced by South Korea and Indonesia assume greater significance because both countries are members of the G20 and because South Korea chairs the G20 in 2010.
South Korea imposes comprehensive currency controls
Although the war is over, without political stability and good governance Sri Lankan economy is unlikely to settle to a sustained growth trajectory. Without economic growth and inclusive development the phoenix of war may come to life again.