Economic and political transition is never an easy process for any country and it will be no different for Asia’s fast awakening tiger, Myanmar.
SMEs should participate in global value chains to reverse the deceleration trend of labor productivity in Asia and the Pacific.
Asia offers huge untapped opportunities for inclusive business in agribusiness, health, education, and other sectors.
Cold storage allows Mongolian farmers to meet long-term demand during the dzud.
Even if their agendas seem alike, neither the content of the Trans-Pacific Partnership nor the process of the talks can provide a positive stimulus for the Doha Development Agenda trade negotiations.
TPP and RCEP are not perfect, but they can unlock Asian trade liberalization and growth. Supporting open accession, an eventual Asia-Pacific FTA and complementary national policies will help achieve this end.
Myanmar opened a new chapter in its history in November 2010 when it adopted its open-economy policy. Since then, an impressive array of reforms have been implemented. However, Myanmar’s sustainable and inclusive growth depends on it maintaining this momentum during its transition —particularly inflows of foreign direct investment.
200 years after David Ricardo, the philosophical ground of comparative advantage and gains from trade still remains strong.
Cross-border development is crucial for SMEs to realize their potential as drivers of growth and job creation in Central Asia.
Greater transparency is required to make global trade and supply chains more reliable and to ensure sustainability and social standards are met. But that is easier said than done.