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Article: ADB calls for regional economic integration to manage risks
- Article from:
- Xinhua News Agency
- Article date:
- July 7, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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ADB calls for regional economic integration to manage risks
MANILA, July 7 (Xinhua) -- The Asian Development Bank (ADB) on
Monday said deeper regional economic integration in Asia is vital to
sustaining growth and managing risks in the region.
In a new study, the ADB said while the economic integration is
led by the market, Asian economies need to boost their ties through
closer dialogue and policy coordination in order to take full
advantage from increased regional interdependence.
It said Asia now is less integrated in finance than in trade but
financial markets are now larger, deeper, and more sophisticated
than they were a decade ago when the Asia financial crisis struck
and first ...