By Dr Dan Steinbock, Research Director of International Business, India, China and America Institute, USA; Visiting Fellow, Shanghai Institutes for International Studies, China, and Visiting Fellow, EU Center, Singapore
Date: 11 April 2014
Venue: ISIS Conference Room, Kuala Lumpur
As the Fed’s tapering has begun, the United States is amid a slow but fragile recovery. Despite some gains, the debt crisis still overshadows growth prospects in Europe. In Japan the reform momentum will be tested in April. In turn, China seeks solid single-digit growth amid massive reforms, while trying to contain rising local debt and shaky property markets. After the great monetary reversal, emerging markets, too, have suffered from substantial capital outflows and, in some cases, increasing political turmoil. What is the impact of the Fed’s tapering on the Asia’s economic, political and security prospects? How will US and Chinese rebalancing, as well as ASEAN integration, influence these prospects? These are some of the central themes of Dr Steinbock’s presentation.
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