Tourism has yet to recover in Asia and the Pacific, but a few green shoots can help us understand how best to heal the sector.
Jules Hugot contributes to ADB’s macroeconomic monitoring and research work, covering trade, global value chains, tourism, and remittances for ADB’s flagship Asian Development Outlook report. He also covers matters related to the Caucasus and Central Asia more broadly. Prior to joining ADB in 2017, he got a PhD from Sciences Po, taught at La Sorbonne, and was an Assistant Professor at Universidad Javeriana in Bogota, Colombia. His research work relies on gravity models to explore the impact of trade policy and transport infrastructure on international trade patterns. Upon joining ADB, he first provided analytical work on agriculture value chain development, and he then initiated several private-sector loans to agribusiness companies in the Caucasus and Central Asia.
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A range of factors have helped Asia’s supply chains weather the pandemic better than those in other parts of the world. Vigilance is needed to maintain these vital trade links.