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By Catherine Ramos. Posted November 10, 2015
Education and skills are important policy levers for sustainable socioeconomic growth. With the right economic fundamentals, a highly educated population with the appropriate skills is a powerful tool for economies to move from the low-income to the middle-income status, or for those already in the middle-income category to avoid the middle-income trap and move to the high-income category. Skills shortages are a pressing issue as they limit the growth of output in the short term and limit the possibility for diversification and innovation in the long term.
By Victor Jing Li. Posted October 20, 2015
It has been reiterated that the People’s Republic of China (PRC) and Hong Kong, China are under different economic systems. The PRC is basically socialism with more planned economy features, while Hong Kong, China is basically capitalism with more free market features.
By Sock-Yong Phang. Posted October 14, 2015
In 2015, the value of housing assets owned by households in Singapore at the aggregate level was 55% of their net worth. Ninety percent of Singapore households owned their homes, meaning that almost all households had wealth saved in housing, and households’ housing wealth was 2.1 times that of the country’s gross domestic product.
By Seung-Min Lee. Posted September 10, 2015
The People’s Republic of China (PRC) has achieved remarkable economic growth, but there are a number of serious imbalances between coastal and inland regions, and between urban and rural areas. The government wants to help bridge this gap by developing inclusive finance tools.
By Guanghua Wan. Posted September 4, 2015
On 25–27 September, less than 3 weeks from now, heads of state of 192 nations will sign up for the Sustainable Development Goals (SDGs) which will succeed the Millennium Development Goals (MDGs) as the new global development agenda. Notwithstanding such an important change, poverty eradication will remain the most important goal and Asia is expected to continue its dominant role in attaining this goal for the world.
By Arup Chatterjee. Posted August 27, 2015
Over the past few weeks, South Asian countries have been suffering torrential rains and devastating floods and landslides, exacerbated by Cyclone Komen, leaving over 100 dead and over a million displaced from Pakistan to Myanmar. The annual monsoon season in the region, normally a lifeline for farmers, this year resulted in floods that have caused severe damage to crops.
By Stephen Groff. Posted August 31, 2014
Any contemporary story on development in the Asia and Pacific region begins with reflection on the massive gains achieved in the fight against poverty. The incidence of people living on less than $1.25 a day fell from 54.5% in 1990 to 20.7% in 2010, with the number of extreme poor declining from 1.48 billion to 733 million. This precipitous decline in poverty incidence has been accompanied by tremendous gains in access to health and education.
By Cyn-Young Park. Posted July 23, 2014
The establishment of the Millennium Development Goals (MDGs) by the United Nations in 2001 was a defining moment. It rallied a global effort in the fight against poverty, hunger, and disease, while promoting universal education, gender equality, and environmental sustainability.
By Indu Bhushan. Posted June 24, 2014
The post-2015 development agenda is leaning toward a goal of eradicating absolute poverty by 2030. The World Bank’s recently approved corporate strategy has the same goal. I believe, however, that this target is absolutely meaningless for the Asia and Pacific region.
By Anuradha Rajivan. Posted June 13, 2014
The millennium development goals (MDGs), which end in 2015, are a remarkable set of agreed global aspirations, with the world community committing to eradicate extreme poverty for the first time in history. In the 19th century around 80% of the population was poor with affluence generally uncommon. Over the last two hundred years, however, thinking about poverty has changed dramatically. Where once poverty was considered the norm, governments now use public policy to make it the exception.
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