Economics, Finance, Poverty Reduction, Social Development and Poverty

International remittances and poverty reduction

International remittances and poverty reduction
The World Bank (2014) estimates that international remittances to developing countries reached $436 billion in 2014. Remittances to the East Asia and the Pacific region and the South Asia region account for the largest and second-largest shares in the world. The authors examine the impact of international remittances on poverty reduction to determine whether such remittances contributed to a reduction in various indicators of poverty. Read more.

Economics, Education, Finance, Governance, Information and Communications Technology

Mergers and acquisitions and corporate innovation

Mergers and acquisitions and corporate innovation
Technological innovation represents modern corporations’ endeavors to develop and accumulate knowledge, and it has long been recognized as a catalyst for economic growth and productivity increase (Solow 1957; Romer 1986; Aghion and Howitt 1992) and as a key factor in the competitive advantages of nations (Porter 1998). Read more.

Economics, Education, Health

Obesity in Pacific Island countries and territories: How big a problem is it?

Obesity in Pacific Island countries and territories: How big a problem is it?
The Pacific Island region is made up of 22 island countries and the territories of Polynesia, Micronesia, and Melanesia. There is great cultural diversity in the region, with about 1,200 languages spoken and a variety of exotic cultures. Surrounded by the vast Pacific Ocean, the land mass of the countries varies considerably. Read more.

Economics, Environment, Infrastructure, Population, Poverty Reduction, Social Development and Poverty, Urban

Housing policy in the Republic of Korea

Housing policy in the Republic of Korea
This article evaluates housing policy in the Republic of Korea over the past 5 decades or so, and describes new challenges arising from the changing environment. The most pressing housing problem in the early phase of development of the Republic of Korea was an absolute shortage of housing. The country addressed this problem with the pragmatic approach of engaging the market using government intervention as leverage. Read more.

Economics, Regional Cooperation, Trade

Time for SMEs in CAREC to move beyond borders

Time for SMEs in CAREC to move beyond borders
One of the most daunting challenges for the countries participating in the Central Asia Regional Economic Cooperation (CAREC) program is how to create decent, sustainable jobs. For far too long, many CAREC countries have relied on the capital-intensive extractives sector to drive their economic growth. However, the slowing down of the global economic growth and reduced commodity prices resulted in the substantial increase in unemployment, especially among the youth. Read more.

Economics, Environment, Finance, Governance, Infrastructure, Regional Cooperation, Trade, Urban

The PRC’s international capacity cooperation exports both industrial capacity and financial risk

The PRC’s international capacity cooperation exports both industrial capacity and financial risk
International capacity cooperation (国际产能合作guoji channeng hezuo) was a 2014 addition to the “Go Global” policy suite that the People’s Republic of China’s (PRC) central bureaucracy expanded throughout 2016. It is the result of seeking a way forward from “new normal” low industrial growth rates and is a novel solution to the industrial capacity utilization problems the PRC has suffered since the 2008–2009 spending stimulus flooded into traditional industries. Steel, cement, aluminum, paper, glass, and everything from pork production to robots are in 2017 mired in cyclical overcapacity. Read more.

Finance, Information and Communications Technology

Blockchain pilots making waves in developing Asia

Blockchain pilots making waves in developing Asia
We’ve all heard the buzz about the potential applications of blockchain technology. But what’s actually happening in developing countries in Asia and the Pacific? Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust. Read more.

Economics, Governance, Regional Cooperation, Trade

Will 2025 be the final deadline for the ASEAN Economic Community?

Will 2025 be the final deadline for the ASEAN Economic Community?
The Association of Southeast Asian Nations (ASEAN) fell short of its target of realizing the ASEAN Economic Community (AEC) by the end of 2015, deferring 105 of its 506 measures. A successor blueprint called the AEC Blueprint 2025, which lays out the work for ASEAN economic integration in the next 10 years, was adopted at the 27th ASEAN Summit in November 2015. Read more.

Economics, Education, Environment, Health, Population, Social Development and Poverty, Urban

Pointers from Asia for urbanization in Africa

Pointers from Asia for urbanization in Africa
Africa and Asia are latecomers to urbanization. In these two continents, less than half live in urban centers, while elsewhere, more than 70% of people do. But Africa and Asia are now rapidly urbanizing, with Asian cities growing at an average of 1.5% per year and Africa’s at 1.1% per year. Read more.

Economics, Finance, Governance

Is corruption “sand in the wheels” for credit markets? Evidence from European MSMEs

Is corruption “sand in the wheels” for credit markets? Evidence from European MSMEs
Bank credit is a crucial financing tool for micro, small, and medium-sized enterprises (MSMEs) given their difficulty in entering equity markets. However, accessing bank credit is not as easy as one might think. Specifically, MSMEs often face difficulties when they need to provide valid collateral to loan officers (Cowan, Drexler, and Yañez, 2015). Read more.