Beijing must be far bolder if the services sector is to become a more powerful and sustainable engine of economic growth and job creation.
It's time to come up with a better way than the GFCF (GG) indicator to measure public infrastructure investment.
With the right policies in place, structural transformation can boost productivity growth.
Last Friday, 7 March, 2014, Shanghai Chaori Solar Energy Science and Technology Co Ltd defaulted on its 1 billion yuan ’Chaori-11 bond‘ when it failed to pay in full the coupon due that day. The default should not have taken investors by surprise as the company has been struggling over the past few years due to general weakness in the solar panel market.
Recently IMF Managing Director Christine Lagarde noted: “In too many countries, the benefits of growth are being enjoyed by far too few people”. She was making the point that high levels of inequality are a global concern.
Every year, millions of people cross borders to work abroad. People migrate for various reasons, but for the majority of migrant workers, they are compelled by poverty and lack of job opportunities in their home countries.
Countries in developing Asia can extend basic and robust levels of social protection to the “missing middle,” but whether there’s enough political to do so is another matter.
My second meeting with Daw Aung San Suu Kyi was in early November. I had returned to the country to meet with officials and discuss next steps following our Board’s approval of our interim country partnership strategy. Following a variety of meetings in Yangon and Nay Pyi Taw, we returned to her residence on the outskirts of the capital. Madame Suu Kyi again greeted us at the entrance to her home and ushered us to the same table.
Widely accepted definitions and standards of greenness will help green bond markets grow and become more accurately priced.
Reinforcing the regional trade-FDI nexus is imperative to promote sustained high and inclusive growth in developing Asia.