
COVID-19 is Boosting Inequality but Government Policies can Help
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
The pandemic is challenging policymakers across Asia. The shape of the economic recovery is uncertain but pro-active government and central bank policies can improve outcomes.
Wellness provides a more balanced and holistic view of a country’s development than its per capita gross domestic product. A new tool is helping policymakers measure wellness in society.
Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.
The right policies can bring a new golden age of innovation for developing countries in Asia.
The pandemic represents a severe challenge for policymakers in Asia. They need a response that will help economies achieve a more efficient and fairer allocation of resources in the economy, enhancing productivity, economic growth and employment.
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process.
A rules-based approach to monetary policy needs to be part of any discussion involving central bank policy.
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems.
Families throughout Asia and the Pacific rely on money sent by relatives overseas. These remittances are threatened by the pandemic but policy actions can help.