2nd Workshop on "Linkages between Real and Financial Aspects of Economic Integration in East Asia"
The 2nd Workshop on "Linkages between Real and Financial Aspects of Economic Integration in East Asia" was held at Intercontinental Hotel, Singapore from February 28 to March 1st with 20 project members from Australia, Indonesia, Malaysia and Singapore.
In the workshop, Professor Shujiro Urata, Senior Research Advisor to Executive Director of ERIA (Project Supervisor) delivered opening remarks.
A number of new studies of the costs and benefits of economic integration have been prompted, particularly during the mid of global financial crisis in year 2007 and 2008. However, few of these appear to take into account the interaction between the real and financial sectors.
The aim of this project is to start closing this gap by preparing a series of papers that apply to various dimensions of the connections between the real and financial economies, and to comment on the implications for the design of policy regimes, with implications for regional economic cooperation.
Based on the understanding of the needs, a meaningful and effective discussion was conducted in the workshop. The findings and implications will be compiled in the final report with the purpose of crafting a set of policy recommendations in key policy areas to promote economic integration and macro economy stabilization in East Asia. The final report will be submitted by the end of March 2010.