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By Robert Barro. Posted February 9, 2016
The PRC’s diminished growth prospects have figured prominently in recent commentaries about global economic conditions and world stock markets (e.g. Frankel 2016). The general view, with which I concur, is that the PRC will grow in the future at a much slower rate than it has in recent decades. This growth slowdown will reduce international trade and has probably contributed already to the depression in oil prices (Blanchard 2016). Read more.
In 2015, Central Asia made some important improvements in the environment for cross-border e-commerce: Kazakhstan's accession to the World Trade Organization (WTO) will boost commercial transparency, while the Kyrgyz Republic’s membership in the Eurasian Customs Union expands its consumer base. Why e-commerce? Two reasons. First, e-commerce reduces the cost of distance. Central Asia is the highest trade cost region in the world: vast distances from major markets make finding buyers challenging, shipping goods slow, and export prices high. Second, e-commerce can help pull in populations that are traditionally under-represented in export markets such as women, small businesses and rural entrepreneurs. Read more.
By Catherine Ramos. Posted January 27, 2016
Research has demonstrated that in general, training has a positive impact on an individual’s labor market performance: wages grow faster after training, training has positive impact on employment security, and training increases the probability of re-employment after job loss. A recent adult skills survey released by the Organisation for Economic Co-operation and Development (OECD) in 2013 re-emphasized that adult learning or continuing education and training (CET) can play an important role in the development and maintenance of key information skills and the acquisition of other knowledge and skills that are necessary for keeping pace with the changing work environment. Read more.
By Ganeshan Wignaraja. Posted January 22, 2016
As the world deals with the "new normal" of a slowing China, regional financial and economic integration is more important than ever, and South Asia is strategically poised to play an influential part. There are several reasons why it is time to take a fresh look at the potential bridging role of South Asian economies in Asian integration. First, the South Asian economies -- which comprise India, Pakistan, Bangladesh, Sri Lanka, Nepal, the Maldives, Afghanistan and Bhutan -- have a largely untapped market of about 1.7 billion people, and they belong to the South Asian Free Trade Area. Read more.
Lack of affordable housing is a serious policy concern in many countries. In large prosperous cities such as London, New York, Beijing, or Tokyo, the affordability crisis is particularly acute. In these cities, households often live in excessively expensive and crammed spaces. Homeownership remains an unachievable dream for many. Not surprisingly, voters in these places pressure politicians into implementing policies that tackle the crisis. Read more.
By Susann Roth. Posted January 6, 2016
If you live in Asia and the Pacific, do you ever wonder how high your risk is of contracting antimicrobial-resistant bacteria or emerging infectious diseases such as a new strain of avian influenza? Unfortunately, I have to tell you that the risk here is higher that in any other region in the world. Read more.
By Venkatachalam Anbumozhi. Posted December 24, 2015
As the world celebrates the Paris agreement, after 20 years of fraught meetings, its significance for the future development pathways of the emerging economies of Asia cannot be underestimated. Critically, it will increase the flow of additional public and private finance for vulnerable countries for both low carbon and climate resilient investments. Low-carbon green growth pathways toward a possible 1.5°C limit and 5-year reviews will be played out through the Intended Nationally Determined Contributions (INDCs). Read more.
The green revolution has done wonders for Asia. Yields for most crops, particularly the region's main staple of rice, have doubled over recent decades. In the Lower Mekong Delta, considered to be Asia's rice bowl, the new technologies and crop strains that the green revolution brought were a big success. Read more.
By Ganeshan Wignaraja. Posted December 16, 2015
At this week’s 10th World Trade Organization (WTO) Ministerial Conference in Nairobi, Kenya, trade ministers are trying to advance 15 years of Doha Development Agenda talks to reduce trade barriers. The real issue, however, is whether African economies can follow East Asia's success in global supply chains amid “new normal" growth and rising inequality. Read more.
By Matthias Helble. Posted December 8, 2015
The G20 leader’s summit came to a close earlier this month in Istanbul, Turkey. The emphasis of Turkey’s G20 presidency this year is on “inclusive and robust global growth.” Turkey recognizes inequality as a major problem within countries as well as across national borders and stresses the need for reducing inequality in order to achieve mutual growth. In this article, I examine the relationship between income inequality and health among G20 countries. I find that as income inequality lessens, key health outcomes, such as child mortality and life expectancy, also improve substantially. This is an important finding that could provide guidance for ADB member economies in formulating their domestic policies to foster inclusive growth. Read more.
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