Economics, Industry and trade, Subjects, Transport
Economics, Environment, Health, Industry and trade, Social development and protection, Uncategorized
Economics, Industry and trade, Private sector development, Subjects, Transport
Climate change, Finance sector development, Subjects
Economics, Finance sector development
Economics, Social development and protection
Economics, Finance sector development
Governance and public sector management, Health, Poverty, Social development and protection, Water
Governance and public sector management, Health, Poverty, Social development and protection
Climate change, Energy, Finance sector development
Infrastructure investment key to unlocking emerging Asia-Europe trade corridor
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.
COVID-19’s impact in Asia shapes blueprint for sustainable economic recovery
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.
Infrastructure investment to spur firm performance in Central Asia
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.
COP26-aligned fiscal policy instruments for boosting Asian green growth, sustainable recovery
The final months of 2021 will be a crucial time for climate policy. At the United Nations Climate Change Conference (COP26) in Glasgow from 31 October to 12 November, countries will need to come forward and show that they take the commitments that they made in Paris seriously and that they will reduce GHG emissions such that we reach net zero by 2050 to meet the climate targets of the Paris Agreement. Carbon pricing and other fiscal policies will play a critical role.
Should emerging Asia worry about a “taper tantrum” post-COVID-19?
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.
Supporting the creative economy for sustainable development in Southeast Asia
Many efforts have been made in Southeast Asia to support creative industries and boost the creative economy, realizing the ability of knowledge-based economic activities to foster income generation, job creation, and export earnings while promoting social inclusion, cultural diversity, and human development (UNCTAD 2010: 10).
Foreign holdings of local currency bonds: A double-edged sword for emerging Asia
Local currency bond markets (LCBMs) have continued to develop in emerging Asian economies since the early 2000s, with foreign investor participation rising markedly since the global financial crisis of 2007–2008. LCBMs help to enhance domestic financial stability by enabling governments and companies to borrow in domestic currency.
How can the private sector help solve the sanitation challenge?
The private sector can play a vital role in solving the sanitation challenge. The following four aspects highlight the importance of private sector participation in sanitation in developing countries, including in Asia.
Lessons for the informal sector from COVID-19
The informal sector, which employs over 62% of the global population, is a fundamental source of livelihood for over 2 billion people (ILO 2020). Here, “employment” includes self-employment, and the informal sector refers to the part of the economy that is generally not monitored by a tax authority or other forms of government. Before the outbreak of the coronavirus disease (COVID-19), the informal sector accounted for 87.7%, 51.5%, and 55.7% of the population in low-, middle-, and high-income countries, respectively (ILO 2018a).
Green bonds show promise for financing energy-efficient buildings in Southeast Asia
The member countries of the Association of Southeast Asian Nations (ASEAN) have been experiencing a surge in energy demand due to their growing populations, expanding economies, and rising living standards. One reason for this rising energy demand is increased activity in the building and construction sector.
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