Collecting taxes more efficiently allows countries to improve their balance sheets after the pandemic while promoting business investment and sustainable economic growth.
These charts illustrate the environmental impact of agriculture in Asia and the need to move toward sustainable and healthy diets that are also environmentally friendly and affordable.
Well-designed and targeted social protection programs, and particularly safety nets for the disadvantaged, deliver high returns in terms of poverty reduction.
The Asia and Pacific region is aging rapidly, and that is affecting the region’s workforce, but increased longevity is adding an unexpected element to the picture
No one can say that the second largest economy in the world is trapped. Decades of structural change and rapid growth allowed for a swift transition from a low-income to a middle-income country. The challenge today lies in moving up to higher-income status. How could the People’s Republic of China (PRC) avoid the trap?
The pandemic has shown central bankers and public debt managers that innovation and creativity are needed to maintain borrowing opportunities and keep local currency bond markets functioning.
The PRC has achieved remarkable economic growth, but serious imbalances between regions and areas remain. The government is aiming to bridge these gaps by developing inclusive finance tools.
Moving beyond middle-income status through sustained rapid growth is the natural next step for the region.
The PRC can learn from international examples of metropolitan governance, adapting them to its own urban development requirements.
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.