The act identified the government’s macroeconomic policy objectives as fostering “conditions under which there will be useful employment opportunities … for those able, willing, and seeking to work, and to promote maximum employment, production, and purchasing power”. Conflict between the executive branch and the Federal Reserve erupted dramatically in December 1965.
Asia is one of the regions that has benefited most from post-war financial and economic globalization. In this age of uncertainty, the search for a new "global order" continues. This brings both challenges and opportunities for the Asian region, and expectations for the region to contribute to the global debate are high.