ASEAN’s wayward community comity

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With the ten-nation ASEAN Economic Community going into effect this year, an International Monetary Fund working paper urged faster financial integration despite the consensus-driven deliberate regional “way “ among the range of members at all income levels. Kleiman International, a Washington, D.C.-based emerging markets consultant,  said in a blog post that the IMF applauded greater banking and capital market linkages since the late 1990s crisis, but noted in the paper that further financial services strides could offset the fallout from higher global interest rates and promote inclusion to reduce poverty.

Doug Tsuruoka
Doug Tsuruoka is a US-based newspaper editor and former foreign correspondent who's worked for the Far Eastern Economic Review, Asia Times' original print edition, Newsweek, and other major news media. He has reported from Japan, Korea, Malaysia and Thailand.