The balance-of-payments (BOP)-constrained growth rate is the maximum gross domestic product (GDP) growth rate above which unsustainable current account deficits emerge, forcing policymakers to implement contractionary measures that ultimately reduce…
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest free-trade agreement, brings together a diverse group of 15 economies, to mutually benefit from an expansion in regional trade and investment, through reduced trade barriers…