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ADB launches Asian Economic Intergration Monitor

12 July 2012 13:34 (UTC +04:00)

Baku - APA-Economics. On July 19, Asian Development Bank is launching Asian Economic Integration Monitor in Singapore.

Asiaâ€™s economic rise has taken place in tandem with growing integration among the regionâ€™s economies â€“ in the areas of trade, finance, markets, and infrastructure among others.

But with the eurozone struggling to remain intact, there are questions about whether Asia should or will continue to integrate its economies, and if so, what it can learn from the Europe experience.

In its new six-monthly Asian Economic Integration Monitor, the Asian Development Bank (ADB) discusses the outlook for Asiaâ€™s economies in light of the global economic slowdown, as well as the prospects and shape of integration in Asia â€“ looking at trade links and agreements, financial markets including currency cooperation, production networks, and broader issues like labor mobility.

Dr. Iwan Azis, Head of ADBâ€™s Office of Regional Economic Integration, will present the findings of the report and answer questions on the regionâ€™s economies, at a press roundtable at the Fullerton Hotel in Singapore.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members -- 48 from the region. In 2011, ADB approvals including co-financing totaled $21.7 billion.