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008			020129s2013 dcu o i001 0 eng
020			_z9781464801181 _c0.00 USD
035			_a(The World Bank)210118
040			_aDJBF _beng _cDJBF _erda
110	2		_aWorld Bank. _922704
245	1	0	_aSouth Asia Economic Focus, Fall 2013 : _bA Wake-Up Call
264		1	_aWashington, D.C., _bThe World Bank, _c2013.
300			_a1 online resource (65 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aSouth Asia Economic Focus
520	3		_aGlobal capital re-balancing has highlighted structural weakness and vulnerability in South Asia, acting as a wake-up call for policy makers. While recent economic developments in advanced countries are encouraging, large parts of the region continue to slow. Portfolio outflows, triggered by the prospect of unwinding Quantitative Easing (QE) in the US, have made current account deficits more difficult to finance across emerging markets. Meanwhile, supply-side constraints and macroeconomic imbalances remain a challenge in most South Asian countries. But the depreciation of regional currencies offers an opportunity to stimulate growth and create space for reforms to improve the investment climate. While the medium-term outlook for the region remains cautiously positive, two highly complementary policies are central for needed higher and sustainable growth. First, continuing to tighten the stance of fiscal and monetary policy will help to promote macroeconomic stability and raise tax revenue to reduce vulnerability. Second, removing supply-side constraints, both regulatory and physical, will pave the way for increasing investment and growth. Given the recent economic turmoil across emerging market economies, this edition's focus section examines the relationship between the transmission of economic shocks from India to the rest of South Asia, as well as from the world to South Asia. The main findings of the analysis suggest that, independent of global business cycle movements, India plays an important role in influencing growth across the region, and that this effect has increased since the 2008 global crisis. Furthermore, the United States played a larger role in influencing global cyclical real GDP movements before the global crisis, but since then its independent influence has diminished as all regions are moving together with greater frequency. Nonetheless, much of the cyclical real GDP variation in the region remains idiosyncratic.
588			_aDescription based on print version record.
650		4	_aEconomic Growth _922705
650		4	_aEconomic Indicators _922706
650		4	_aEconomic Policy _922707
650		4	_aEconomic Risks _922708
650		4	_aForeign Direct Investment _922709
650		4	_aInternational Economics and Trade _922710
650		4	_aInvestment _922711
650		4	_aMacroeconomic Developments _922712
650		4	_aMacroeconomic Outlook _922713
650		4	_aMacroeconomics and Economic Growth _922714
650		4	_aWorld Bank _922715
710	2		_aWorld Bank. _922704
776	0	8	_aPrint Version: _z9781464801181
830		0	_aSouth Asia Economic Focus _922716
830		0	_aWorld Bank e-Library. _922717
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-0118-1
999			_c4774 _d4774