Tag Archives | Asia
Economics, Governance and public sector management, Regional cooperation and integration
Sanitation, Water
Finance sector development
Economics, Finance sector development
Tackling the challenge of growing inequality in Asia
Income inequality is one of the most profound social, economic, and political challenges of our time. A survey conducted by Pew Research Center (2014) found that more than 60% of worldwide respondents regard the gap between the rich and the poor as a major concern. Piketty (2014) draws the unequivocal conclusion that growing inequality between the rich and the poor—between the owners of capital and the rest of society—is the normal state of affairs under capitalism, and that periods of decreasing inequality, such as during a post-war boom, are the exception, not the rule.
Evidence-based capacity building can inspire policy makers to accelerate sanitation interventions in Asia
National and local governments in Asia are facing significant challenges to effectively deliver access to sanitation, as well as to properly collect, transport, dispose of, and treat fecal sludge. Actions taken by governments at present have been to implement large-scale sewer networks, which are prohibitively expensive, and which take years to plan and build. To address the growing challenges and requirements of sanitation, many cities are using a combination of on- and off-site sanitation solutions provided by a range of service providers comprising civil society partners, private companies, and municipalities or utility companies.
A new global and regional financial architecture to address global shocks
In the postwar period, the global economic and financial architecture was dominated by the advanced economies in the West. They designed the international monetary system, international development financing frameworks, and global trade liberalization schemes. They also dominated the leadership of key global institutions related to economic and financial stability, the International Monetary Fund (IMF), and, more recently, the Financial Stability Board (FSB).
Five bond market trends to watch out for in 2015
As 2015 gathers pace, the world seems to be entering a more uncertain and unpredictable phase. With the end of the quantitative easing by the Federal Reserve, we are entering an era of tighter global liquidity. However, this might be offset to a certain extent by more aggressive monetary policy actions from the Eurozone and Japan. The plunge in oil and other commodity prices should help reduce inflationary expectations but could also presage a weaker economic environment. All these point to a more volatile environment, making it a more challenging year for Asian bond markets.
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