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Developed countries can use advanced social security systems to protect households from the economic effects of the COVID-19 pandemic, but developing countries face a bigger challenge. They typically have a large informal sector and limited social security coverage, which hinder the delivery of assistance at short notice. Yet, developing Asia is better equipped to cushion the economic impact of the current crisis compared to the global financial crisis of 2008.
Medical experts and institutions tell us that a critical but simple lifesaving action to reduce vulnerability to COVID-19 is literally in our own hands—regular handwashing with soap. Public awareness efforts underscore the need for greater behavioral compliance.
By Grant B. Stillman. Posted March 11, 2020
Unimaginable setbacks to Japan nine years ago from the triple disasters of the earthquake, tsunami, and Fukushima emergency were used to pioneer new approaches to regional development and integrated reconstruction to build back better, safer, and greener.
By Peter J. Morgan. Posted June 28, 2019
Education is a key driver for sustainable development (UNESCO 2018). However, the goal of realizing education for all in the Digital Age faces two major challenges. First, many countries and economies are still not ensuring quality education for all. Millions of children and youth still lack the necessary tools to realize their potential amid economic, political, and social strife. Second, with the emergence of the fourth Industrial Revolution and the growing use of automation, big data, and artificial intelligence, human labor is being substituted increasingly by machines or algorithms.
Indonesia’s subsidized rice program, RASKIN (also known as Operasi Pasar Khusus), constitutes the longest running and the largest in-kind transfer for poor households in Indonesia. In 2010, government expenditure on RASKIN accounted for 53% of the total household-targeted social assistance. What has been the impact of this program on child health in Indonesia? Our recent paper (Gupta and Huang 2018) is, in this regard, the first attempt in the literature to analyze this issue in the context of Indonesia.
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.
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.
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.
The fiscal burden of public pensions in most emerging Asian economies is relatively small, reflecting relatively young populations and limited coverage of the retired-age population in public pension programs. Nonetheless, these conditions are likely to change dramatically in the coming decades. First, many Asian economies will face rapidly aging populations, which will raise pension and other old-age-related spending substantially. Second, as economies develop, political pressures to expand the coverage of public pensions and raise the level of pension benefits relative to income will likely increase.
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.
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