Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.
To mitigate the damage, governments should focus on containing the pandemic, helping families and supporting businesses
Our research indicates that the global economy could lose more than $100 billion in remittances. Governments need to act fast to protect the most vulnerable in society from this loss of vital income.
Governments and the private sector are working together in Asia and the Pacific to chart a path toward re-opening businesses during the midst of the pandemic.
A well-trained workforce is more likely to spur innovation at companies. Firms that provide even minimal training to employees are nearly 8 percentage points more likely to introduce a new product and implement a new process.
It is often difficult for Thai engineers to work in other countries and for engineers from other countries to work in Thailand, but labor mobility initiatives are underway that could ease restrictions.
Roll-on roll-off terminal systems can increase inter-island trade and economic growth in archipelagic nations.
The threat of automation taking away jobs due to new and emerging technologies has faded from public discussion lately, but COVID-19 might be speeding up the process in an 'organic way.'
Four elements of the poverty reduction strategy of the People’s Republic of China stand out as examples for others to follow.
Currency-linked bonds are simple but powerful instruments that fortify economies and can efficiently finance development projects.