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The Great Rebalancing Act: Can Investment Be a Lever in Asia?
Author:
Mr. Malhar S Nabar
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Mr. Murtaza H Syed
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Series:
IMF Working Papers
Volume/Issue:
Volume 2011: Issue 035
Language:
English
Publication Date:
01 Feb 2011
DOI:
https://doi.org/10.5089/9781455217915.001
ISBN:
9781455217915
ISSN:
1018-5941
Pages:
28
Keywords:
WP; firm; capital-intensive firm; exchange rate
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asia’s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption, several need to raise investment or reorient it from tradable to nontradable sectors. These changes in investment could be facilitated by financial reforms that enhance domestically oriented firms’ access to credit, stronger incentives for corporate restructuring, policies to bolster the business climate and reduce uncertainty, and by improvements in infrastructure that raise the returns to private investment.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund