Tag Archives | Matthias Helble Economics, Health, Social development and protectionEconomics, Finance sector development, HealthVideo BlogEconomics, Education, Environment, Health, Population, Social development and protection, Urban developmentEconomicsIndustry and tradeIndustry and trade
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.
Increased prosperity in Asia and the Pacific has led to lifestyle changes with unwanted impacts. Studies have shown that as a result of economic progress, regions are shifting to a diet that is linked with noncommunicable diseases (NCDs), particularly overweight and obesity. The World Health Organization estimates for 2015 show that about 15 million people aged 30–69 years die annually because of NCDs (Waqanivalu 2018).
Trade in health products has been flourishing as more and more people demand better health. But countries around the world still apply tariffs and nontariff measures that jack up prices and curb the entry of pharmaceuticals, vaccines, and medical equipment.
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.
By Matthias Helble. Posted March 14, 2016
The Bank of Japan had a difficult start into 2016. The latest data shows that inflation in the last quarter of 2015 was lower than expected. Furthermore, doubts are increasing about the recovery of the economy. At the end of January, BOJ Gov. Haruhiko Kuroda surprised markets by announcing negative interest rates for certain commercial bank deposits at the BOJ. On March 1 Japan started to sell government bonds with a yield below zero. Market observers expect even bolder steps later this year.
By Matthias Helble. Posted November 24, 2015
At the beginning of October, 12 Pacific Rim countries agreed on the Trans-Pacific Partnership (TPP) agreement. The TPP agreement has been hailed as a landmark trade pact, as it includes many issues that have so far not found their way into the rule of law in the multilateral trading system. As a reaction to the successful deal, World Trade Organization (WTO) Director-General Roberto Azevêdo announced that the TPP “will serve as an inspiration for WTO members” for the forthcoming 10th Ministerial Conference in Nairobi, Kenya. In this article, I argue that neither the process of TPP talks nor the content of the TPP agreement can provide a positive stimulus for the Doha Development Agenda (DDA) negotiations.
Plurilateral trade agreements: an overlooked but powerful force for international trade opening for Asia?
After over a gloomy decade of inconclusive talks, a small but important step was taken in early December 2014 to finish the Doha Round negotiations of the World Trade Organization (WTO). In 2015 and beyond, actions to arrive at a Doha Round Agreement should be accompanied by embracing new plurilateral trade agreements within the WTO. This move can benefit growth and development in Asia. This article reviews the outlook for the WTO Doha Round and examines the case for plurilateral trade agreements for Asia.
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