Economics, Finance sector development
Economics, Finance sector development, Information and Communications Technology
Climate change, Environment, Governance and public sector management
Economics, Finance sector development, Information and Communications Technology
Capacity development, Health, Social development and protection, Urban development, Water
Economics, Health, Regional cooperation and integration
Economics, Governance and public sector management, Health, Social development and protection
Education, Gender, Sanitation
Economics
Economics, Finance sector development, Health
Achieving resilient emerging market economies amid the macroeconomic challenges of the 21st century
Emerging market economies have faced a host of challenges in the post-global financial crisis (GFC) environment. The GFC environment was shaped by the confluence of four key developments. The first was financial globalization and de-regulation, processes that started in the late 1970s in Organisation for Economic Co-operation and Development (OECD) countries. These later spread to emerging markets in the 1990s and 2000s and transformed the global financial system into a complex cobweb of global networks, exposing countries to financial shocks transmitted by volatile bursts of capital inflows and outflows of “hot money.”
Fintech development transforming the financial landscape in the People’s Republic of China
Financial technology (fintech) is rapidly changing the financial landscape in the People’s Republic of China (PRC), with important implications for financial inclusion and macroeconomic stability (Huang 2020). Fintech in the PRC started at the end of 2004 when the mobile payment service Alipay first came online. However, fintech did not grow dramatically until 2013, when the online money market fund Yu’ebao started to receive investments from Alipay users.
Repurposing food waste: A circular economy approach for the food system
As the population in Asia continues to grow, so too will consumption trends. This population growth will continue to have significant impacts on the way goods are manufactured and consumed, as the global “take, make, and dispose” lifestyle has already put enormous stress on raw materials and energy resources.
Digital transformation poses potential risks for stability and the financial industry
Digital transformation is changing how and by whom financial services are provided, bringing benefits to consumers in the form of expanded and simplified access to financial services. However, this transformation is also affecting the financial services industry in ways that could lead to greater risks to systemic financial stability.
Making citywide inclusive sanitation a reality through capacity development
Over a billion people across Asia and the Pacific still lack access to basic sanitation services (JMP 2019). Most low- and middle-income countries in Central Asia, South Asia, and East Asia still do not have safely managed sanitation services. Further, only a fifth of the countries practicing open defecation are on track to eliminate this practice around the world. Clearly, business as usual in the sanitation sector has not solved this challenge in the last several decades.
Toward an ASEAN COVID-19 travel balloon
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.
Toward a robust economic recovery from COVID-19 in Asia and the Pacific
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.
Does sanitation access improve schooling outcomes for girls and boys?
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.
Moving beyond GDP: Well-being and degrowth development alternatives
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.
COVID-19 and policy responses through the lens of global asset markets and capital flows
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.
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