Asia’s Fashion Industry Looks to New Strategies to Overcome Pandemic Impacts
Business-friendly policies, and the transition to greater use of e-commerce and on-demand production, are key to helping Asia’s small and medium-sized fashion companies bounce back from the pandemic.
Asia’s Resilient Supply Chains Withstand Pandemic and Global Turmoil
A range of factors have helped Asia’s supply chains weather the pandemic better than those in other parts of the world. Vigilance is needed to maintain these vital trade links.
Avoiding the Middle-Income Trap in the People’s Republic of China
The People’s Republic of China's transition from a middle-income to a high-income country hinges on implementing reforms in domestic consumption, service sector development, addressing income inequality, and modernizing financial and fiscal systems.
Banking Integration in ASEAN Gathers Pace
The ASEAN Economic Community, planned to come into effect in 2015, is expected to liberalize goods, capital and skilled labor flows in the ASEAN region. While there has been considerable progress in the area of trade integration, financial integration still lags behind. The ASEAN Banking Integration Framework, which aims to liberalize the banking market by 2020, could help pave the way for further integration and the entry of ASEAN banks into regional banking markets.
Beyond Tourism: Diversifying the Maldivian Economy for a Sustainable Future
The pandemic, which devastated the tourism industry worldwide, illustrated the importance of Maldives diversifying its economy to sectors other than tourism and travel.
Bigger Local Currency Bond Markets Can Protect Asia from Turmoil
Research shows bigger local bond markets help countries strengthen their financial systems and their economies.
Boao Forum: Use Fiscal Policy to Boost Infrastructure Spending
Developing Asia urgently needs further investments in infrastructure to sustain growth and improve social equity.
Cambodia Provides a Valuable Lesson on Utilization Rates
Economies in Asia and the Pacific should consider utilization rates as a regional public good allowed to raise the value of trade agreements and foster regional value chains.
Can Asia Reach High-Income?
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
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.