Tag Archives | COVID-19
Economics, Health, Regional cooperation and integration

Toward an ASEAN COVID-19 travel balloon

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.

Economics, Governance and public sector management, Health, Social development and protection

Toward a robust economic recovery from COVID-19 in Asia and the Pacific

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.

Economics, Finance sector development, Health

COVID-19 and policy responses through the lens of global asset markets and capital flows

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.

Health, Water

COVID-19 reminds us to prioritize “water supply, sanitation, and hygiene” (WASH) to reduce child mortality

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.

Energy, Regional cooperation and integration

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis

Diversification of solar PV suppliers for sustainable energy during the COVID-19 crisis
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.

Finance sector development, Governance and public sector management, Health, Regional cooperation and integration

The impacts of COVID-19 on financial stability and regional financial safety nets in ASEAN

The impacts of COVID-19 on financial stability and regional financial safety nets in ASEAN
The Association of Southeast Asian Nations (ASEAN) is making strong efforts to maintain financial stability amid the coronavirus disease (COVID-19) pandemic, mostly through national financial emergency measures for each member state. As a region, ASEAN has not yet formed a regional financial safety net to deal with a crisis like COVID-19.

Agriculture and natural resources, Health, Social development and protection

Enhancing agriculture potential in developing countries during the COVID-19 crisis

Enhancing agriculture potential in developing countries during the COVID-19 crisis
Much of the displaced labor force from urban centers is moving back to rural homes due to closures from restrictions put in place to combat the coronavirus disease (COVID-19). It is important that this displaced labor force is put in a working environment and kept engaged, specifically in the agricultural sector, so that such the young and energetic in the workforce are not left out. A disgruntled labor force without financial support might turn to unwanted or illegal activities.

Governance and public sector management, Health

Rare diseases in Asia and the Pacific must be tackled too

Rare diseases in Asia and the Pacific must be tackled too
Unlike the coronavirus disease (COVID-19), few people will have heard of the rare disease Epidermolysis Bullosa (EB). It is an inherited genetic condition that affects the skin and can be fatal during infancy or early childhood for those suffering from its most severe forms. The condition causes the skin, both outside as well as inside the body, to blister and tear easily. Since the skin is unable to withstand normal wear and tear, it gets repeatedly wounded and the cells can become cancerous.

Economics, Health, Industry and trade

Empowering Thai SMEs to join global value chains: Policy priorities under COVID-19

Empowering Thai SMEs to join global value chains: Policy priorities under COVID-19
Small and medium-sized enterprises (SMEs) are significant contributors to economic activity and employment worldwide, and Thailand is no exception. In Thailand, SMEs represent the vast majority of firms and employ the bulk of the domestic workforce. According to the Office of SMEs Promotion (OSMEP 2019), in 2018, approximately 3 million companies were classed as SMEs in the country, comprising 99.8% of all companies. SMEs also accounted for 14 million jobs, or 86% of total employment.

Economics, Governance and public sector management

Challenging times for central banks: Low inflation, monetary policy, and digital currency

Challenging times for central banks: Low inflation, monetary policy, and digital currency
The coronavirus disease (COVID-19) outbreak has transformed the global monetary policy landscape. The sharp global economic slowdown caused by the spread of the virus and the various countermeasures embarked on by governments under states of emergency (such as quarantines, policies to restrict mobility, school closures, and restrictions and limitations on business operations) prompted many central banks to implement substantial monetary easing from March 2020 along with massive fiscal stimulus measures. As a result of these measures, a growing number of central banks have faced the effective (or zero) lower bound or approached it in their policy rates.