There’s more to development that just economic growth from international trade.
Short-term gains will not guarantee long-term benefits for an individual economy, nor shared prosperity from open trade.
Over the past couple of decades, no one can deny that the Asia and Pacific region has represented a remarkable success story. Absolute poverty levels have fallen significantly and the region is on course to achieve a number of Millennium Development Goals (MDGs).
Important changes are underway for Southeast Asia’s relationship with its biggest trading partner, the People’s Republic of China.
Production value chains in Asia and beyond will be severely affected by the US-PRC trade tensions.
Multimodal parks can help India develop a world-class logistics sector to realize its enormous economic potential.
One plausible reason for the shock result could be unequal distribution of benefits from globalization and free trade.
As wages and other business costs increase in East Asia, there is an incentive for some supply chains in food processing and garments to shift to Africa.
Completing a short training course doesn’t necessarily provide the ‘employability edge.’ What else is at play?
ICT is transforming the services sector in Asia and the Pacific. Still, we need to narrow the digital divide between countries.