Over the last decade, GDP growth in emerging Asia was roughly twice as fast as average world growth. The IMF’s Global Economy Model (GEM) is used to estimate the impact that emerging Asia’s growth differential has had on Australia. The simulation analysis, which replicates some key features from the last decade, suggests that roughly 25 percent of Australia's growth over the last decade has been from emerging Asia’s growth differential over that period. Looking ahead, the analysis suggests that should emerging Asia continue to grow in a similar fashion, Australia’s growth dividend could almost double. On the other hand, if growth in emerging Asia remained strong, but became more balanced across the tradable and nontradable goods sectors then Australia’s growth dividend would be slightly lower than the estimate for the last decade.

The Honourable Paul Keating, then Prime Minister of Australia, delivered the 1996 Singapore Lecture.

The COVID-19 pandemic has forced countries around the globe into lockdown, imposing trade and travel restrictions with devastating economic impacts on all sectors of the economy. In working toward greater economic stability, Australia has been strengthening its trade relations with other countries, which is reflected through its increased strategic relations with India. However, it is now essential to explore how Australia is working to further expand its collaboration with other South Asian countries and find new markets and opportunities for trade, investment, tourism, international education, and business dealings for its resources, services, manufacturing, and technology sectors. Strategic Cooperation and Partnerships Between Australia and South Asia: Economic Development, Trade, and Investment Opportunities Post COVID-19 provides an overview of the Australian trade and investment relationship with South Asian countries and identifies the trends and developments of bilateral trade agreements in strategic areas of trade, tourism, investment, education, prior and post COVID-19. Covering topics such as international trade, climate change policy, and macroeconomics, it is ideal for policymakers, practitioners, industry professionals, government officials, academicians, researchers, instructors, and students.

The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.

Understand the Asia-Pacific economic revolution -- and its extraordinary implications.This book analyzes why the Asia-Pacific region has rapidly emerged as the world's third major trading area, and shows how this region is coming together as a cohesive "growth pole." Understand the role of intra-regional trade and foreign direct investment; learn how the Asia-Pacific economies view world trade. Understand APEC, ASEAN, and the long-term implications of Asia-Pacific interdependence. Learn about Japan's role in leading the Asia-Pacific economic bloc. Finally, take a close look at five of these powerhouse economies: Japan, China, Taiwan, Korea and Thailand.This book is for any professional or student interested in the Asia-Pacific economies --and the world economy in the 21st century.

For anyone seeking a diverse range of perspectives on globalisation in the Asia-Pacific region, this collection of highly readable essays is a good place to start. Focusing on individual countries, the chapters examine the specific modalities of global integration and the responses of different sections of society in each country. The authors address questions of major importance for democratic societies, such as: the connection between globalisation and the rise of religious extremism; whether globalisation is in reality a new form of imperial preference; who the winners and losers are. These are complemented by three short case studies dealing with Indonesia s unrealised potential, foreign investment in China and patterns in the movement of people between Hong Kong and the mainland. The essays provide a rich source of thought-provoking analysis of the complex cultural and political responses arising from both opportunities provided by globalisation and its more negative impacts. Melanie Beresford, Macquarie University, Australia Globalization in the Asian Region draws confident ragged lines across disciplines, themes and the conventional boundaries of scholarship. The range of material in the anthology is astounding. The diversity and admixture of political positions and approaches is confronting. Contemporary Asia is thus mapped without overgeneralizing a homogenous whole. Paul James, RMIT University, Australia This collection of thoughtful essays provides a reliable picture of the dynamic and often ironic operation of globalization in Asia today and challenges individuals to believe that as communities we have a choice in how we respond and contribute to globalization. The editors highlight the multifaceted nature of globalization and bring to the fore its supraterritoriality. A dozen detailed studies make good on these claims from analyses of American militancy since 9-11, terrorism, and poverty, to case studies on Malaysia, Indonesia, India, Australia, New Zealand, Japan, and China. These essays make clear the interactive nature of globalization as various economic, cultural, and political forces pour into Asian societies while the impact of their responses from exports to currency fluctuations to migration flows to transnational religious movements in turn reshape the selfsame globalization process. Timothy Cheek, University of British Columbia, Canada Bringing together contributors from both the university sector and business-centered research institutions, this comprehensive volume offers diverse perspectives on the impacts and consequences of globalization in different parts of the Asian region. Each chapter offers a substantial account of globalization within a particular nation-state or area in the region. Different understandings underpin the chapters. Some contributors perceive globalization as progress in the form of economically driven processes that have made nations mutually dependent in unprecedented and complex ways. Others emphasize the uneven outcomes of globalization, as well as the stakes for economic growth and social order in the global climate of deepening political and religious divisions since September 2001. General and specialist readers alike will gain an appreciation of the myriad emphases placed on globalization within different nations and from various vantage points. The book showcases diverse styles of discourse and serves to greatly broaden the scope of what can be discussed under the rubric of globalization within a single volume.