ADB economists Matteo Lanzafame and Irfan A. Qureshi define key terms related to inflation in Asia and the Pacific.
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.
Governments around the world are designing and implementing new industrial policies to address economic, security, and environmental concerns. Should policymakers in Asia and the Pacific follow suit?
Inflation in Asia and the Pacific’s developing economies has declined, but the fight may not be over. Underlying price pressures remain persistent, even as growth is weighed down by continued global headwinds. Policymakers can however put in place reforms to promote a low-inflation environment.