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?
Population aging can turn the demographic dividend into a drag on economic growth. New research indicates automation can lessen the effects of unfavorable demographic change on labor productivity.
ADB economists Matteo Lanzafame and Irfan A. Qureshi define key terms related to inflation in Asia and the Pacific.
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.
Hong Kong, China’s tax system and prudent approach to fiscal policy are two pillars of its success. Despite this, aging and climate change will require tax reforms to ensure fiscal sustainability and competitiveness.
The recent bank turmoil in the US has awakened ghosts of past financial crises. While the likelihood of a fully-fledged crisis seems limited, it cannot be ruled out. Policymakers in the region must act now to shield their economies from possible negative spillovers.
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.
亚洲开发银行（亚行）经济学家马泰奥·兰扎法梅（Matteo Lanzafame）、伊尔凡·库雷希（Irfan A. Qureshi）、阿里夫·拉玛扬迪（Arief Ramayandi）和马塞尔·施罗德（Marcel Schröder）解答了全球经济是否会真的陷入衰退及其对亚洲的影响等问题。
ADB economists Matteo Lanzafame, Irfan Qureshi, Arief Ramayandi and Marcel Schroder answer questions about the possibility of a global recession and how it could affect Asia.