International Finance

Category : Economy

Economy

Closing The Rich-Poor Divide in PNG

Structural reforms in financial services, telecommunications and aviation have boosted business investment and encouraged economic diversification in Papua New Guinea. The Papua New Guinea (PNG) economy has undergone a remarkable 11 straight years of economic expansion, averaging GDP growth of almost 6% per annum. High levels of foreign investment coupled with strong commodity prices for PNG’s...
Economy

Eurozone crisis won’t stop Asia’s economic integration

Asia remarkable progress in building consensus on co-operation during the past two decades has occurred because nations have been realistic about what is achievable. Europe’s sovereign debt and banking crisis threatens to tear apart the 17-nation eurozone. Meanwhile, Asia is accelerating co-operation and integration. With Europe’s experiment on the verge of failure, is Asia heading...
Economy

Building Knowledge Economies in Asean Requires Education, Innovation

Asia’s extraordinary rise on the global stage has been driven largely by its emergence as the world’s low cost, high output factory. Over the past three decades Asia’s extraordinary rise on the global stage has been driven largely by its emergence as the world’s low cost, high output factory. But as countries strive to become...