Milanovic’s Elephant: A Tale of Two Worlds
We must address the structural causes of inequalities, which go beyond globalization in both the developed and the developing world.
What Drives Credit Spreads of PRC Corporate Bonds?
Our empirical evidence indicates that PRC corporate bond credit spreads are significantly related to both micro and macro risk factors.
Tajikistan Should Diversify Exports, Create Jobs to Withstand External Shocks
The government can speed up the process of structural economic transformation in Tajikistan by addressing several constraints and establishing a business-friendly environment.
Structural Change in Asia – Good for Growth But Bad for Equity?
Recent empirical analysis of the nexus between productivity growth and wage inequality in several Asian economies provides new, policy-relevant evidence.
The Curious Case of Area Measurement in Surveys (II)
A case study in Viet Nam demonstrates how technological improvements in the survey world help improve data quality and consequently development impact.
Unlocking Business Opportunities for SMEs Through Global Value Chains
SMEs should participate in global value chains to reverse the deceleration trend of labor productivity in Asia and the Pacific.
Why Bangladesh's Garments Won’t Go ‘Haute Couture’ (I)
A recent ADB study suggests that some of the success of Bangladesh's ready-made garment sector over the past 25 years is unlikely to provide the same type of benefits to the economy going forward.
Why Bangladesh's Garments Won’t Go ‘Haute Couture’ (II)
To benefit sustainably from its garment export performance, Bangladesh should shift its production capabilities to cater to the higher value-added category of clothing demand.
Overcoming Asia’s Housing Challenge
The solution goes far beyond providing new homes for urban dwellers, and requires a rapid expansion of the entire urban infrastructure.
How Nighttime Lights Help Us Study Development Indicators
Nighttime luminosity is a good source of data for countries lacking reliable statistics in developing Asia.