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.
As global economic corridors gain momentum, a comprehensive approach to trade and transport facilitation is essential to strengthen supply chains for sustainable growth.
A free trade agreement could bring the economic and social development benefits of global value chains to Central Asia.
Hong Kong, China’s tax system and prudent approach to fiscal policy are two pillars of its success. Despite this, aging and climate change will require tax reforms to ensure fiscal sustainability and competitiveness.
Mongolia is at a crucial moment with the chance to improve the everyday lives of its citizens through actions to improve air quality.
Trade via rail in Central Asia has proven highly effective in recent years. It needs further support to take it to the next level.
Profound impacts are already being felt due to school closures in Asia. Urgent action is needed to limit further damage to students and the broader economy.
In Mongolia, government assistance programs are showing that direct cash assistance helps the poor without deterring people from seeking work.
As domestic violence increased during the pandemic, digital technology was used in innovative ways to help victims.
Effective risk management for flash flood disasters is now achievable, thanks to 21st century technological advances in communication technology, spatial data analysis, and weather prediction.