Xie Taojun and Liu Jingting

THE AUTHORS ARE FROM THE ASIA COMPETITIVENESS INSTITUTE, LEE KUAN YEW SCHOOL OF PUBLIC POLICY, NATIONAL UNIVERSITY OF SINGAPORE. XIE TAOJUN IS A SENIOR RESEARCH FELLOW AND ASSISTANT DIRECTOR (RESEARCH). LIU JINGTING IS A RESEARCH FELLOW.

In a new era of high and rising interest rates, emerging Asia may need to look to promising new industries -- such as virtual reality -- for growth opportunities.

The long shadow of the Fed’s rate hike on emerging Asia

Liquidity contraction, debt-servicing burden, and inflation are the key challenges