These charts illustrate how countries in Asia and around the world are doing in developing an environment that produces dynamic entrepreneurs who innovate and create jobs.
In economies where government officials can be bribed, or other acts of corruption undertaken to start a business or innovate, entrepreneurship is less likely to thrive.
Tax revenue can be raised in a fair and reasonable way to provide much-needed public services and support the poor and disadvantaged still reeling from the pandemic.
Older persons have vulnerabilities related to gender, family dynamics, financial and digital literacy, access to labor markets and long-term care. Policymakers should support the region’s growing elderly population to achieve healthier and more productive lives.
Countries with better information and communication technology, particularly internet access, were able to do more activities online during the pandemic, which cushioned the adverse effect of COVID-19 on economic activity.
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process.
Decreased tax revenues and increases in public spending due to COVID-19 make it imperative for developing Asian countries to mobilize private capital for the vast investments needed to achieve the SDGs.