목차
Acknowledgments v
Definitions and Country Groupings vi
Executive Summary vii
1. Outlook for Asia and the Pacific 1
1.1 Recent Developments: Resilience amid Uncertainty 1
1.2 Outlook and Risks 8
1.3 Policies 11
References 21
2. Reshaping Value Chains: The Case for Deeper Asia-Pacific Trade Integration 24
2.1 Trade as an Engine of Growth 24
2.2 Supply Chain Shifts Following Tariff Shocks 25
2.3 The Case for Deeper Regional Integration 28
2.4 Conclusion and Policy Recommendations 31
References 33
3. Investment Efficiency and Capital Allocation: The Role of Financial Structure 35
3.1 Galvanizing Domestic Drivers of Productivity and Growth 35
3.2 Decline in Investment Efficiency and Rise in Capital Misallocation 36
3.3 Stylized Facts: Structure and Efficiency of Corporate Finance in Asia 37
3.4 Access to Finance, Investment, and Allocation of Capital: Empirical Test 39
3.5 Conclusion and Policy Recommendations 41
References 44
