Asian Development Outlook 2015 Update

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The book addresses the economic challenges faced by Developing Asia, particularly due to slow recovery in major industrial economies and the People's Republic of China. It emphasizes the need for resilience against external shocks and advocates for macroprudential policies to enhance monetary independence. A robust domestic financial system is crucial for reducing reliance on external borrowing. Additionally, the text highlights the importance of achieving gender equality in economic and political spheres, suggesting that closing labor market gaps can significantly benefit both economic growth and women's rights.