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 the region emerges from the pandemic, businesses should adopt more flexible approaches to developing talent for digital jobs, while workers must embrace lifelong learning of digital skills.
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.
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.
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.
The pandemic-driven surge in data collection offers major opportunities, and some risks, for the reopening of tourism in the region.
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.