Economies in Asia and the Pacific should consider utilization rates as a regional public good allowed to raise the value of trade agreements and foster regional value chains.
These charts illustrate how developing economies in Asia and the Pacific face significant growth challenges due to their exposure to declining demand from major markets in Europe, the United States, and the People’s Republic of China.
Governments in Asia and the Pacific are navigating fiscal reforms and enhancing governance to align finance with climate action. This includes using national adaptation plans, climate-inclusive fiscal frameworks, and green budget tagging initiatives.
Cambodia is about to graduate from least developed country status. It should accelerate trade reforms to address the challenges its new status will bring.
The pandemic erased millions of jobs in Southeast Asia. But the digital economy offers renewed hope particularly for young job-seekers—if they can learn the necessary skills.
Despite the global economic turmoil, remittances remained remarkable resilient during the pandemic. Reforms are needed to keep this financial lifeline strong in the years ahead.
An ADB economist who specializes in the areas of education, skills development and jobs, answers questions about which jobs are best suited to work-from-home arrangements, based on a recent study in Southeast Asia.
Tourism has yet to recover in Asia and the Pacific, but a few green shoots can help us understand how best to heal the sector.
In Southeast Asia, women workers were disproportionately affected by the pandemic. Urgent policy action is needed to address the issue and improve the welfare of women in other areas as well.
The massive Regional Comprehensive Economic Partnership (RCEP) agreement is expected to go into force in 2022. It could be instrumental in helping Asian economies bounce back from the pandemic.