Education, Social development and protection
Regional cooperation and integration
Industry and trade
Population, Social development and protection, Urban development
Social development and protection
Finance sector development
Economics, Energy
Urban development
Finance sector development, Social development and protection
Social development and protection
Skills and good jobs
Education and skills are important policy levers for sustainable socioeconomic growth. With the right economic fundamentals, a highly educated population with the appropriate skills is a powerful tool for economies to move from the low-income to the middle-income status, or for those already in the middle-income category to avoid the middle-income trap and move to the high-income category. Skills shortages are a pressing issue as they limit the growth of output in the short term and limit the possibility for diversification and innovation in the long term.
Mega-regional infrastructure initiatives – Asia’s new noodle bowl?
One of the striking lessons from Asia’s success over the past few decades is that it makes economic sense to invest in regional infrastructure to link two or more countries to support outward-oriented development strategies.
What next for the Trans-Pacific Partnership?
After more than 5 years of numerous missed self-imposed deadlines, trade ministers from the 12 participating Asia-Pacific countries finally concluded the Trans-Pacific Partnership (TPP) in Atlanta on 5 October 2015. The public fanfare accompanying the announcement led many to believe the agreement would soon come into force. Yet there is a lot that needs to be done before that happens, and there is no guarantee that it will. In this article, I examine two issues: (i) what concluding the TPP means in terms of what was achieved and what remains to be done; and (ii) what the TPP is likely to look like, given what we now know following the negotiations.
Housing policies for the PRC and Hong Kong, China: One nation, two systems
It has been reiterated that the People’s Republic of China (PRC) and Hong Kong, China are under different economic systems. The PRC is basically socialism with more planned economy features, while Hong Kong, China is basically capitalism with more free market features.
Monetizing housing for retirement in Singapore
In 2015, the value of housing assets owned by households in Singapore at the aggregate level was 55% of their net worth. Ninety percent of Singapore households owned their homes, meaning that almost all households had wealth saved in housing, and households’ housing wealth was 2.1 times that of the country’s gross domestic product.
4 ways to boost SME access to finance from commercial banks in ASEAN
Concerns about moderating economic growth and rising income inequality in ASEAN economies have brought small and medium-sized enterprises (SMEs) into the policy limelight. Arguing that SMEs have significant potential for creating jobs, some commentators are suggesting a host of industrial policies such as financial subsidies and local content rules to promote SMEs. However, government failure may result from heavy-handed state intervention for SMEs.
Do Japan’s oil consuming sectors still react to oil price movements?
Japan is almost fully dependent on energy imports. In March 2011, a devastating earthquake and tsunami hit eastern Japan and damaged the nuclear power plant in Fukushima. This disaster led to the shutdown of all nuclear power plants due to the lack of government safety approvals. Japan replaced this significant loss of nuclear power with energy generated from imported natural gas, low-sulfur crude oil, fuel oil, and coal.
Housing markets and housing policies in India
The cliché “Abandon all hope, ye who enter here” from Dante’s Inferno appears more appropriate to the current housing situation in India than anywhere else. India is facing a daunting housing shortage of 49 million units (Tiwari and Parikh 2012) Going forward, with urbanization and growing economic disparity, the challenges associated with housing availability, provisioning, and use will be further extenuated if appropriate remedial measures through policies and programs are not undertaken.
Bringing financial services to the PRC’s poor will boost poverty reduction
The People’s Republic of China (PRC) has achieved remarkable economic growth, but there are a number of serious imbalances between coastal and inland regions, and between urban and rural areas. The government wants to help bridge this gap by developing inclusive finance tools.
Untold side of Asia’s poverty story and SDGs
On 25–27 September, less than 3 weeks from now, heads of state of 192 nations will sign up for the Sustainable Development Goals (SDGs) which will succeed the Millennium Development Goals (MDGs) as the new global development agenda. Notwithstanding such an important change, poverty eradication will remain the most important goal and Asia is expected to continue its dominant role in attaining this goal for the world.
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