Asia and Pacific

‌Fourth OECD-AMRO-ADB Asian Regional Roundtable

 

oecdgfd logo dev centre Logo AMRO asian development bank

 

4TH OECD-AMRO-ADB ASIAN REGIONAL ROUNDTABLE

on Macroeconomic and Structural Policy Challenges

Draft Agenda

 

 14-15 May 2015

Venue: The Westin Tokyo, Japan

 

(*  4th Asian Regional Roundtable is co-organised by ADB, AMRO and OECD and special session is organised by OECD and RIETI)

 

Background
 
The Emerging Asian economies are not immune to near-term downside risks, such as global uncertainty and volatile cross border capital flows. These countries also face medium-term structural issues, such as the middle-income trap, ageing populations, income disparity and the need to foster inclusive growth.
The OECD-AMRO-ADB Joint Asian Regional Roundtable convenes leading experts from Asian countries and the OECD to discuss the issues at the fore of recent economic developments in the region. It serves as a platform for knowledge sharing between the OECD, AMRO, ADB and Emerging Asia’s policy makers, as well as academics and the private sector. The roundtable also provides opportunities for dialogue on near-term macroeconomic policies and medium-term growth and development challenges, including linkages between near-term and medium-term issues, current agendas and future challenges in Emerging Asian economies.
Previous roundtables were held in Singapore and focused on Euro-area economic uncertainty and its implications for Asian economies and New growth model in Asia in 2012 and Impact of monetary easing in the OECD on the economies of Asia and the Middle-income trap in 2013.                                    

Presentations will be made in English. Japanese translation will be available

 

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DRAFT AGENDA

14 MAY 2015

 

4th OECD-AMRO-ADB Asian Regional Roundtable

 

9h30 -  Registration 

 

10h00 – 10h20: Opening remarks

  • Rintaro Tamaki, Deputy Secretary General, OECD
  • Yoichi Nemoto, Director, AMRO
  • Joseph E. Zveglich, Jr. Director, Macroeconomics Research Division Economic Research and Regional Cooperation Department, ADB

10h20 – 11h50: Session 1: Macroeconomic trends and near-term policy challenges in emerging Asia 

 

East Asian economies have so far withstood the headwinds from the global financial crisis relatively well by deploying various stimulus measures and structural reforms. Nevertheless, from near-term perspectives, vigilant eyes still need to be kept on new developments that would have a sizable bearing on macroeconomic and financial stability in the region, which would include, for example, falling oil prices, vissitudes in advanced economies’ monetary policies and their impact on capital flow movements, and moderation of growth and structural transformation in China.

Key questions to be discussed will include:

  • What are the overall effects of sustained low oil prices in the region?
  • What should be the main focus of attention for monetary policy measures in dealing with new developments, price stability or financial stability?
  • What are the roles for fiscal policies in dealing with new developments?   

Moderator: Odd Per Brekk, Director, IMF Regional Office for Asia and Pacific                      

Keynote presentation: Chaipat Poonpatpibul, Group Head and Lead Economist, AMRO

Discusstants:

  • Masahiko Takeda, Professor, Hitotsubashi University, Japan
  • TBD 

Open discussion

 

12h00 – 13h30: Lunch break

12h15 – 12h35: Lunch presentation:  ADB presentation of Asian Development Outlook 2015

Presenter: Joseph E. Zveglich, Jr. Director, Macroeconomics Research Division Economic Research and Regional Cooperation Department, ADB

 

13h30 - 15h00: Session 2: Challenges and opportunities in future ASEAN integration

Regional integration in Asia has progressed significantly in recent decades, leading to rapid growth in intra-regional trade and likely deeper connections through the implementation of the post-2015 ASEAN Economic Community (AEC) agenda currently being discussed. The Nay Pyi Taw Declaration affirmed the region’s commitment to the continued implementation of the targets set for the integration project and laid out broad goals for its deepening in the future, by, for example, highlighting the importance of inclusive and sustainable growth. The next phase of ASEAN integration will provide opportunities for growth and development, if it can be effectively designed and implemented. Southeast Asia will also need to manage the changing economic environment of their own economies and the region’s changing place in the global economy. These challenges will need to be considered carefully by policy makers as integration progresses.

 

Key questions to be discussed will include:

  • What should be the next priortities in continued integration efforts? 
  • Should the post-2015 agenda for regional integration be broadened to include additional policy areas beyond those of the initial AEC targets?
  • How can national development plans be used to help implement the common regional agenda?

 

Moderator: Noriyuki Mita, Deputy Vice Minister for International Affairs, Ministry of Finance

Keynote presentation: Sundram Pushpanathan, Managing Director Asia Pacific, EAS Strategies and former Deputy Secretary General of ASEAN

Discusstants:

  • TBD – from Asian countries
  • Kensuke Tanaka, Head of Asia Desk, OECD Development Centre

 

Open discussion

15h00-15h15: Coffee break

15h15- 16h45: Session 3: Financing for development in Asia 

 An efficient financial sector is needed for developing Asia to maintain growth into the future. As countries develop, the ability to enhance productivity through the adoption of existing technologies and reallocation of resources across sectors becomes harder. To support growth, the region’s financial sector will thus have to develop further to help increase both investment and productivity. Yet as the global financial crisis made painfully clear, financial instability can undermine growth, even undercutting an economy’s long-term potential. Thus, developing Asian countries must strengthen financial stability, for example through better regulation, so that the financial sector does not in itself become a source of growth-harming volatility. Moreover, in light of rising inequality in Asia, the finance sector must become an agent of greater inclusion. To make growth more inclusive, the region’s policy makers will be challenged to find ways to extend access to finance to the poor and to small and medium enterprises.

Key questions to be discussed will include:

  • What further changes and reforms are needed in Asian economies’ financial sectors to support future growth?
  • How must the regulatory framework evolve to ensure financial stability?
  • What are the key impediments to broader access to finance?

 

Moderator: Naoyuki Yoshino, Dean, ADBI (Asian Development Bank Institute)

Keynote presentation: Kwanho Shin, Professor,  Korea University

Discusstants:

  •  (TBD)
  • Donghyun Park, Principal Economist, Economics Research and Regional Cooperation Department, ABD

Open discussion

16h45 - 17h00: Final remarks and 5th Asian Regional Roundtable

(By OECD, AMRO, ADB)

 

17h15: Cocktail reception

17h15 – 17h30: Presentation: 2nd edition of Revenue Statistics in Asian Countries, Maurice Nettley, OECD Centre for Tax Policy and Administration and Derek Carnegie, Development Centre 

 

Websites of participating organisations:

 

 

 

15 MAY 2015

8h45 – 9h45: Breakfast meeting:

 Disaster Risk Reduction and Financing Strategy - Through the case of the Philippines

Moderator: Megumi Muto, Deputy Director General, Southeast Asia and Pacific Department, JICA

Discusstant: NEDA (The Philippines)-TBD

OECD-RIETI joint special session (open session)

10h00 – 12h00: Special session: Green Growth in Asia

Developing strategies for promoting green growth is becoming critical for Asia’s fast-developing economies as urban pollution levels and greenhouse gas (GHG) emissions rise. These strategies will likely incorporate policy actions in areas such as the regulation of emissions, but will also need to go further in order to promote economic systems that do not prevent action from being taken on climate change and other pressing environmental issues. Policy makers therefore face significant challenges in building the institutions and setting the policies that provide the right incentives and support  for emerging Asia’s green growth. This session, which will follow the 4TH OECD-AMRO-ADB Asian Regional Roundtable, will explore this agenda through  OECD and RIETI research.

10h00-10h05: Opening Remarks:

  • Atsushi Nakajima, Chairman, RIETI                   

 

10h05-10h35: Keynote speech: Rintaro Tamaki, Deputy Secretary General, OECD

Moderator: Yukiko Murakami, Head, OECD Tokyo Centre

Speeches

  • 10h35 - 10h55: Green Policy and Growth in Asia (tentative), Shunsuke Managi, Faculty Fellow, RIETI / Professor of Technology and Policy, Department of Urban and Environmental Engineering, Kyushu University
  • 10h55 - 11h15: Green Growth and Policy in Japan (tentative), Hiroshi Ohashi, Program Director and Faculty Fellow,RIETI / Professor, Faculty of Economics,  The University of Tokyo

 

11h15 - 12h00: Open discussion