The emerging Asian economies have strong fundamentals and have been posting steady growth, but are not immune to near-term downside risks such as global uncertainty and volatile cross border capital flows. The region also faces medium-term structural issues such as the middle-income trap, ageing population, income disparity, environmental degradation and challenges in fostering inclusive growth. The annual OECD-AMRO-ADB/ADBI-ERIA Asian Regional Roundtable brings together policy makers, business leaders and researchers to discuss these emerging issues and share lessons on potential policy solutions.
Collaboration between OECD, AMRO, ADB/ADBI and ERIA can build useful platforms to exchange views and strengthen policy dialogue on near-term macroeconomic as well as medium-term structural policies annually at the regional level. The OECD-AMRO-ADB/ADBIERIA Asian Regional Roundtable is one such platform. The regional forum started in 2012 with the participation of OECD and AMRO, and from the third roundtable, ADB also joined. ERIA will also join from the fifth roundtable in 2016. This co-operation is mutually beneficial; these three organisations have complementary roles to play in promoting informed policy dialogue. AMRO, for example, can offer its expertise in analysing near-term issues; the ADB/ADBI can offer lessons from the implementation of its projects and its research in Asia; ERIA can offer its research on regional integration; and the OECD can offer policy suggestions based on the best practices of its member countries. By meeting annually, these discussions can build on those from previous years and tackle the current issues that are facing this highly dynamic region. For this reason, the Asian Regional Roundtable covers both near-term macro challenges and medium-term structural issues, encouraging participants to take a broader perspective in thinking about stability and development.
The Asian Regional Roundtable provides a regular opportunity to gather a diverse group of policy professionals working on the Asian economies to meet and discuss current issues and trends. Its central goals are to: