Economics, Health, Regional cooperation and integrationEconomics, Governance and public sector management, Health, Social development and protectionEducation, Gender, SanitationEconomicsEconomics, Finance sector development, HealthClimate change, EnergyUrban developmentClimate change, Economics, Environment, Finance sector developmentHealth, WaterEnergy, Regional cooperation and integration
By Jayant Menon. Posted December 23, 2020
While financial markets have responded strongly to the emergency-use authorization of various coronavirus disease (COVID-19) vaccines in several countries, the economic impacts will take much longer to materialize. One reason for this is that vaccinating 60% or more of populations to achieve herd immunity will take time. Reaching herd immunity is critical given the possibility that those vaccinated may still be infectious, despite being immune to the disease.
By John Beirne. Posted December 17, 2020
The coronavirus disease (COVID-19) pandemic has been a truly global shock to public health, causing one of the most severe global economic downturns since the Great Depression of the 1930s. Against this context, the 2020 ADBI Annual Conference brought together leading academics, think tank researchers, and policy makers to discuss the impacts of COVID-19 and its policy implications, with a focus on Asia and the Pacific.
All the sanitation improvement projects and investments over the years beg the question of whether we have seen a significant increase in school enrollment and gender parity in education or not. While most empirical studies on sanitation focus on the relationship between sanitation and health, recent studies have now looked into the downstream impacts of sanitation on other development indicators, such as those related with education and gender.
By Ritu Verma. Posted December 4, 2020
The financial crisis of 2008 sent shock waves across the world as economies collapsed or were severely damaged or crippled. Since then, many other crises have ensued, covering issues including debt, finance, stock markets, the environment, natural disasters, society, social media, governance institutions, politics, the nation state, and, most recently, global health pandemics. In a rapidly changing world, the number and frequency of global crises have not slowed or decreased. Rather, such crises are mounting, accelerating, and recurring.
The coronavirus disease (COVID-19) pandemic and the resulting lockdowns have led to an unprecedented economic contraction and turbulence in financial markets, which initially caused the largest ever outflows of portfolio capital from emerging market economies (EMEs). Globally, governments have responded to the crisis with substantial fiscal stimulus packages. In addition, central banks around the world have eased monetary policies, with many EME central banks also implementing quantitative easing (QE) measures for the first time.
By Rabindra Nepal. Posted November 20, 2020
Asia needs to rely on energy efficiency improvements to meet its growing energy demand, which has been driven by industrialisation, urbanisation, and rising incomes among the ballooning middle class. Energy efficiency improvements and investments in green technology development and deployment are necessary to mitigate the adverse impacts of climate change. However, the question of how to finance these improvements in energy efficiency and the greater deployment of renewable energy sources is serving to be a significant challenge in this important economic region.
Over the next 3 decades, about 70% of the world’s population is expected to be living in urban areas. Within the next decade, by 2030, the world is projected to have over 40 megacities with more than 10 million inhabitants. Such population flows into cities will disrupt the functioning of cities and lead to urban issues, such as transportation congestion, air pollution, and housing shortages.
Climate change can have a material impact on sovereign risk through direct and indirect effects on public finances. In addition, climate change raises the cost of capital in climate vulnerable countries and threatens debt sustainability. Governments must climate-proof their economies and public finances or potentially face an ever-worsening spiral of climate vulnerability and unsustainable debt burdens.
COVID-19 reminds us to prioritize “water supply, sanitation, and hygiene” (WASH) to reduce child mortality
The coronavirus disease (COVID-19) has registered 959,116 deaths worldwide as of 21 September 2020. While the number is alarming, it is still not large compared with the 5.2 million children who died due to various causes in 2019, according to UNICEF. COVID-19 reminds us how much child mortality continues to be a significant challenge for global health and the global economy. In addition to the loss of human lives, the economic consequences are also significant.
Experts are increasingly acknowledging the vulnerability of the global solar photovoltaic (PV) value chain due to the concentration of manufacturing capacity in only a few countries, such as the People’s Republic of China (PRC) (Zhai 2020). In Japan, although solar power comprised only 7% of the country’s total power generation in 2018, it contributed to one-third of power from renewable sources. Given this high share of solar power in renewable energy sources, disruption in the availability of solar PV may have adverse consequences on the sustainability of renewable energy power generation.
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