ADB Chief Economist Shang-Jin Wei discusses the Asian Development Outlook 2016 special chapter on regional productivity.
The right policies could raise developing Asia’s potential growth by nearly 1 percentage point annually over the next ten years.
Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.
From past experience we know how quickly the bursting of a privately leveraged boom cycle ends up weighing on national budgets and public debt.
The external vote of confidence in ASEAN bond markets seems to be driven by the region’s strong medium- and long-term growth prospects, which bodes well for their future beyond the short term.
The research is clear – Asia wins when we increase women’s representation in decision-making roles.
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
Fiji’s challenge is to avoid a repeat of the past, when growth spells were interspersed by bouts of volatility. The private sector will play a crucial role, so it’s time to continue and deepen reforms.
It is far too early to tell whether the current global productivity slump will persist – the current pessimism may be overdone.
We must address the structural causes of inequalities, which go beyond globalization in both the developed and the developing world.