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More regionally driven growth needed: IMF

Changyong Rhee, director of the IMF's Asia and Pacific Department, discusses Asia's growth prospects, the AEC and intra-regional trade, and the challenges posed by ageing in the region.

On ageing, policymakers must be more open-minded and realistically consider a trade-off, Dr Rhee says. "If you're a high-income country, do you want to sacrifice growth and have a more homogenous society - or do you want to have a more dynamic economy by opening up to foreign workers?"

ALTHOUGH Asia is growing at quite a robust pace of 5.6 per cent, growth is slowing. What are the reasons for the slowdown?

Asia's robust growth performance since the global financial crisis is testament to right sets of policies and structural reforms implemented during...

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