Asia and the Pacific, accounting for 60% of global CO2 emissions, face the critical task of decoupling economic growth from carbon emissions amid varied economic statuses, from high-income nations to emerging economies, each grappling with unique challenges.
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.
Population aging can turn the demographic dividend into a drag on economic growth. New research indicates automation can lessen the effects of unfavorable demographic change on labor productivity.
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.
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.
Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.
As World Cancer Day puts the spotlight on one of the world’s most devastating ailments, the situation in Asia needs greater attention.
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.