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.
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.
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.
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.
Is the Global Productivity Slump Here to Stay?
It is far too early to tell whether the current global productivity slump will persist – the current pessimism may be overdone.
How Fiji Can Sustain its Growth Momentum
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.
Can Services Sustain the PRC's Economic Growth?
Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
More Women Leaders to Vitalize Asia's Corporate Sector
The research is clear – Asia wins when we increase women’s representation in decision-making roles.
Is ASEAN the Next Big Growth Play for Global Bond Investors?
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.
Surging Private Debt Threatens Asia's Public Debt 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.