The progress of digitization in trade is being driven by the objective of cost reduction – not inclusion.
Short-term gains will not guarantee long-term benefits for an individual economy, nor shared prosperity from open trade.
There’s more to development that just economic growth from international trade.
An ADB-financed project is helping female entrepreneurs open sewing workshops, bakeries and cattle ranches, and other business ventures.
In today’s multipolar world, creating barriers to trade will invariably result in reciprocity, so in the end all countries will be worse off.
Paolo Spantigati, ADB Country Director for Timor-Leste, hopes a coffee festival will be the first step in the country’s bid to diversify its economy.
Thousands of poor Nepalis are benefiting from livelihoods skills training provided by an ADB-supported program.
Let's create a market mechanism that incubates 'smaller but growing' firms that will eventually tap the exchange market.
One plausible reason for the shock result could be unequal distribution of benefits from globalization and free trade.
SMEs should participate in global value chains to reverse the deceleration trend of labor productivity in Asia and the Pacific.