Governments in Asia will need to walk a fine line between securing adequate revenues, supporting displaced workers, and promoting growth and investment, in response to tax challenges posed by rapid robot deployment.
ADB economists Irfan A. Qureshi and Matteo Lanzafame answer questions about the ability of Asia’s economies to bounce back from the pandemic, and how governments should respond to new global economic headwinds.
Less developed countries need not emulate wealthier ones when establishing their technical and vocational training systems.
Education is a fundamental tool for advancing action on climate change, yet it has not been adequately tapped for its potential.
To benefit from the demand for Asian exports, rapid and widespread vaccination – particularly in light of the Omicron variant – is needed to stop the divergence in economic recovery paths among Asia’s economies.
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.
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process.
Closed borders and health concerns halted international student mobility in 2020, but students are expected to return. Education policy makers need to be ready for a new type of international student that wants both physical and digital learning opportunities.
Just as past crises triggered international and regional financial cooperation, the pandemic offers an opportunity to collectively improve financial resilience and soundness.
Government assistance programs, and relaxed insolvency procedures, have helped keep businesses afloat during the pandemic.