Economics

Infrastructure investment key to unlocking greater connectivity in Central Asia
Economics, Industry and trade, Subjects, Transport

Infrastructure investment key to unlocking emerging Asia-Europe trade corridor

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Spanning from the People’s Republic of China through Central Asian countries along the Caspian Sea to Europe, the Trans-Caspian Corridor is an increasingly important channel for transportation and cross-border trade. Considerable financing gaps and other challenges must be addressed to meet its rapidly expanding infrastructure needs.
Illustration of man walking on a tightrope
Economics, Environment, Health, Industry and trade, Social development and protection, Uncategorized

COVID-19’s impact in Asia shapes blueprint for sustainable economic recovery

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The economic impact of the coronavirus disease (COVID-19) pandemic in Asia highlights the importance of entrenching longer-term sustainability and economic resilience into the recovery process. The macroeconomic effects of the pandemic, as well as the impact on firms and households in Asia, are featured in a new ADBI edited book, COVID-19 Impacts and Policy Options: An Asian Perspective.
Economics, Industry and trade, Private sector development, Subjects, Transport

Infrastructure investment to spur firm performance in Central Asia

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Effective infrastructure projects not only construct infrastructure, such as roads, railways, water supply, and electricity, but can boost economic growth in the surrounding region through “spillover effects” (Yoshino, Azhgaliyeva, and Mishra 2021). The infrastructure benefits firms by lowering costs and improving connectivity and the ease of doing business, leading to greater sales and exports.
Economics, Finance sector development

Should emerging Asia worry about a “taper tantrum” post-COVID-19?

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With an improved growth outlook in the United States (US) in the second half of 2021 as the economy recovers from the coronavirus disease (COVID-19), in part related to the substantial fiscal stimulus in the US introduced at the start of 2021, the Federal Reserve (Fed) is on course to slow down its asset purchases program, or so-called quantitative easing (QE) tapering.
Remittance inflows giving resilience to Bangladesh’s rural economy amid COVID-19
Economics, Finance sector development, Health, Social development and protection

Remittance inflows giving resilience to Bangladesh’s rural economy amid COVID-19

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While the World Bank has identified Bangladesh as one of only three big economies that had increases in remittance inflows in 2020, along with Pakistan and Mexico (Ratha et al. 2020), and remittances have long made up a substantial share of people’s income in the country, preliminary results from a recent study supported by the Asian Development Bank Institute (ADBI) finds surprising resilience for remittance inflows into the rural economy during the first wave of the coronavirus disease (COVID-19) pandemic in Bangladesh.
Unfolding a holistic approach to disaster risk reduction
Climate change, Economics, Environment, Governance and public sector management

Unfolding a holistic approach to disaster risk reduction

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This year marked the 10th anniversary of the Great East Japan Earthquake, of which economic losses are estimated at $221 billion (EM-DAT), making it the most costly natural disaster recorded since 1900. The earthquake itself did not cause significant damage or casualties, but the subsequent 5–20 meter tsunami hit northern coastal areas, washing away townships and destroying the cooling system at the Fukushima Daiichi Nuclear Power Plant. To date, the recovery process is still ongoing to restore industries and economic activities to their pre-disaster levels.
Transitioning to high-value agriculture through cluster-based development
Agriculture and natural resources, Economics

Transitioning to high-value agriculture through cluster-based development

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Income growth, urbanization, nutritional awareness, and supermarket revolutions in Asia are fueling demand for high-value agricultural products (HVPs), such as vegetables and fruits. This change in consumer demand can provide new agri-food market opportunities, which in turn can contribute to numerous Sustainable Development Goals through increased rural income, rural livelihood improvement, and rural poverty reduction.
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