ADB economists Matteo Lanzafame and Irfan A. Qureshi define key terms related to inflation in Asia and the Pacific.
Inflation in Asia and the Pacific’s developing economies has declined, but the fight may not be over. Underlying price pressures remain persistent, even as growth is weighed down by continued global headwinds. Policymakers can however put in place reforms to promote a low-inflation environment.
The recent bank turmoil in the US has awakened ghosts of past financial crises. While the likelihood of a fully-fledged crisis seems limited, it cannot be ruled out. Policymakers in the region must act now to shield their economies from possible negative spillovers.
Governments and the private sector need to address weaknesses in global trade and supply chains, not get rid of them, as some critics suggest.
Facing global supply chain challenges, the Indo-Pacific Economic Framework promotes economic cooperation among 14 economies, strengthening supply chain resilience, fostering innovation, and driving growth.
Social protection programs need to be strengthened and expanded across Asia to prepare for the impacts of climate change.
Technology is crucial to the transition from fossil fuels to renewable energy but it must be accompanied by community-wide behavior changes if it is to be successful, particularly in developing countries.
Developing countries in Asia and the Pacific are among the hardest hit when it comes to climate change and yet many have limited resources to address the issue. Valuing carbon as a commodity and developing the immature carbon market is an important strategy for the region moving forward.
Older Malaysians faced multifaceted challenges—financial, health, and social—during the pandemic. This has highlighted policies that will help governments in the future.
Bangladesh has made dramatic strides in reducing the deaths and economic impact of climate-related weather events. Public financial management has played a role in these achievements, offering important insights for other countries.
Governmental policies can influence individual investor behavior, driving them towards sustainable investments and shaping' risk perceptions and investment choices.
Asia and the Pacific’s developing countries should entrench the rule of law, grounded in openness, transparency, and inclusion, to achieve an equitable transition to decarbonized economies.
Armenia faces severe water challenges due to climate change and needs immediate and long-term strategies to safeguard its water resources and ensure sustainable agriculture.
Kelly Hewitt, an ADB Principal Energy Specialist with more than 25 years of experience in gas market regulation and reform, energy efficiency, climate mitigation, and renewable energy, defines key terms related to battery storage for renewable energy.