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Event
Asia's Recovery and Global Imbalances
A seminar co-organized by the Peterson Institute for International Economics and the Asian Development Bank
Jong-Wha Lee, Asian Development Bank
C. Fred Bergsten, Peterson Institute for International Economics
Michael Mussa, Peterson Institute for International Economics
C. Randall Henning, Peterson Institute for International Economics
Peterson Institute for International Economics, Washington, DC
October 14, 2009
Summary
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Left to right: C. Fred Bergsten, Christopher W. MacCormac, Jong-Wha Lee, Michael Mussa, and Randall Henning
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Asian Development Bank (ADB) chief economist Dr. Jong-Wha Lee delivered a speech, "Asia's Recovery and Global Imbalances," at the Peterson Institute on October 14, 2009. Following his remarks, Dr. Lee joined in a panel discussion with PIIE Director C. Fred Bergsten and Senior Fellows Michael Mussa and Randy Henning. The topic of Lee's speech is of particular importance, since Asia leads the global recovery and will play a central role in the rebalancing strategy agreed at the G-20 summit in Pittsburgh.
The session coincides with the US launch of the update to ADB's flagship publication, the Asian Development Outlook (ADO), released in March 2009. Developing Asia is more resilient than previously expected, and the updated outlook reflects this, increasing the region's economic expansion by half a percentage point to 3.9 percent. Similarly, the 2010 growth estimate has been revised upward from 6.0 percent to 6.4 percent.
Presentation: Asia's Recovery and Global Imbalances [pdf]
Jong-Wha Lee
October 14, 2009
Interview: Is China Stepping Up to the Plate?
Nicholas R. Lardy
March 23, 2009