Economics, Regional Cooperation

Greater partnerships for the effective management of labor migration in Asia

Greater partnerships for the effective management of labor migration in Asia
The pace and size of labor migration have been on the rise in past decades, largely due to the different stages of economic development across Asia. Labor migration flows from Asia peaked in 2015 and dropped in the following 2 years, falling to 5.2 million in 2017, the lowest level since 2011.

Economics, Transport

A step forward in attracting private sector financing for infrastructure projects

A step forward in attracting private sector financing for infrastructure projects
Such infrastructure projects would not be effective without proper operation and maintenance, and economic activities would be unsustainable without efficient infrastructure. The transport sector is an important component of any economy, and it is a crucial input for development. This is especially so in a globalized economy, where economic opportunities are increasingly related to the efficient mobility of people, goods, and information.

Economics, Poverty Reduction

The impact of trade opening on developing Asia: Evidence and policy implications

The impact of trade opening on developing Asia: Evidence and policy implications
Even though in aggregate, trade leads to economic gains, it almost always creates winners and losers. To design appropriate social protection policies, it is important to know the identities of these winners and losers. These policies need to be in place for equity reasons as well as to build and sustain support for free trade.

Transport

High-Speed Rail: Necessary but not sufficient for socioeconomic development

High-Speed Rail: Necessary but not sufficient for socioeconomic development
Since its inception in Japan in 1964, high-speed rail (HSR), and its impact on the economy, has received attention from policymakers worldwide. Early HSR development was more of a race to go faster, and the early success led policymakers around the world to believe in the power of HSR for catalyzing growth.

Industry and Trade

Services policies and manufacturing exports

Services policies and manufacturing exports
Services and manufacturing are closely intertwined. Manufacturers use services as inputs into their production process. It is difficult to imagine a modern global value chain working without efficient transport services, financial services, logistics, and business services.

Industry and Trade

How services helped power “Factory Asia”

How services helped power “Factory Asia”
Measuring productivity in the services sector is fraught with difficulties. One key aspect of the “premature deindustrialization” argument is the hypothesis that services are low productivity relative to manufacturing, and that prospects for rapid and sustained productivity growth, which are the primary source of gains in per capita income, are greater in manufacturing than in services.

Economics, Information and Communications Technology, Trade

What can services trade policy do for sustainable development?

What can services trade policy do for sustainable development?
The 2030 Agenda for Sustainable Development has many services dimensions; improved access to and provision of services are necessary for attaining many of the Sustainable Development Goals. Because of their effects on competition in services markets and the ability of foreign providers to supply services to consumers and firms in developing countries, services trade policies should be considered in the arsenal of policy instruments that can be used in efforts to realize sustainable development objectives. 

Economics

Sectoral labor income share dynamics: Cross-country evidence from a new dataset

Sectoral labor income share dynamics: Cross-country evidence from a new dataset
The study of the labor income share plays an important role in understanding the relationship between national income and personal income. However, most of the empirical studies on the labor income share are conducted at the country level, while the limited number of industry-level analyses focus primarily on advanced countries due to limited data availability.

Economics, Information and Communications Technology

Productive services with the help of internet technologies

Productive services with the help of internet technologies
One long-standing concern in the economic field has been that services contribute little to economic development. Services would suffer from a so-called Baumol’s cost disease (Baumol 1967), meaning factors such as labor cannot be easily substituted for more productive factors using existing technologies, as it happens in manufacturing. Over time, this would lead services to become a drag on the economy relative to other more productive industries.

Sanitation, Water

No matter how poor you are, there is always a way to improve sanitation

No matter how poor, you are there is always a way to improve sanitation
The “out of sight, out of mind” attitude is proving to be critical for the slow progress toward target 6.2 of the Sustainable Development Goals (SDGs), focusing on global, safely managed sanitation. There is a general lack of awareness among users on the whereabouts of their poop, and the discussion on wastewater management is scarce and still a taboo topic in many parts of the world, leading to a lack of safely managed sanitation services. Besides the lack of demand hampering progress, the supply side of wastewater management is equally grim.