Asian Economic Papers is sponsored by the Center for Sustainable Development at Columbia University, United States; the Korea Institute for International Economic Policy, South Korea; UN Sustainable Development Solutions Network (SDSN), New York City, Paris, Kuala Lumpur; and the Economic Research Institute for ASEAN and East Asia, Indonesia. AEP’s articles focus on rigorous analysis of key economic issues of a particular Asian economy or of the broader Asian region, and offer creative solutions to these Asian economic issues.