“Inclusive growth” and “green growth” are two buzzwords that we often hear in the development sphere nowadays. This is not surprising since these two form key part of many development strategies. While Asia has done extremely well in expanding its economies in the last two to three decades, rapid growth has brought with it rising inequality—within and across countries. It has also badly damaged the environment along the way.
The global financial crisis of 2008-2009 offers a rare opportunity for many economies to undertake wide-ranging structural reforms to improve productivity and economic efficiency.
It is up to policy makers to unlock the enormous potential of services in the People’s Republic of China.
Bhutan’s development has been guided by its philosophy of gross national happiness—of striving to balance spiritual and material advancement through four pillars: sustainable and equitable economic growth and development, preservation and sustainable use of the environment, preservation and promotion of cultural heritage, and good governance.
For many people, at least 1.7 billion people in Asia and the Pacific, opportunities from the MDGs have not yet materialized.
The population in the People’s Republic of China is aging quickly, but at a relatively low level of per capita income.
Increasingly, innovation is being seen as a key element in growing Asia’s economies and creating jobs.
Good nutrition and health are essential for improving productivity and economic growth and reducing poverty. In particular, adequate nutrition at a young age is a promise for the future, not only of the individuals but also of the society and the nation.
What will the future for Asia and the Pacific look like - the region with the fastest economic growth and, at the same time, with the poorest people and the largest inequalities in the world – after 2015 and the expiration of the Millennium Development Goals?
Is the G-20 losing its way? The G-20 played a critical role in leading the world out the financial crisis in 2008-9. It was decisive, united and effective in dealing with that crisis. However, it has since lacked that that level of vitality.