Economic and Social Survey of Asia and the Pacific: Pursuing Shared Prosperity in an Era of Turbulence and High Commodity Prices

The book provides an in-depth analysis of the economic and social developments in the Asia-Pacific region, highlighting a less favorable external environment in 2007. It emphasizes ongoing dynamism despite potential risks such as oil price shocks and a declining US dollar. The review warns about the consequences of monetary interventions that inflate asset values, particularly in housing and equity markets. The primary challenge for Asia-Pacific economies in 2007 will be effectively managing exchange rates amidst these complexities.