In The News
- 3 Nov 2011
The G20 Cannes Summit takes place later this week against the backdrop of a worsening turmoil in the global economy characterized by a serious loss of confidence in the sustainability of the recovery, the deepening debt crisis in the eurozone, and persistent fiscal difficulties and high unemployment in the United States. The slow down of advanced economies is once again affecting the pace of recovery of developing economies as in 2008/09. The overarching priority for the leaders should be to revive the confidence with expansionary policies in advanced economies in the short term while formulating credible fiscal consolidation plans for the medium term. Beyond restoring global confidence, the leaders should send a clear and strong message that the achievement of key developmental objectives ? such as the Millennium Development Goals, narrowing development gaps ? and other policies to foster inclusive and sustainable development have to occupy a central place in sustaining growth.
- 14 Oct 2011
At some point this month, October 2011, a child will be born and the World's population will have reached seven billion. There is a good chance that this childbirth will take place in the Asia-Pacific region; home to 61% of the World's population. If the child is born in the Asia-Pacific region, it will most likely be a boy: In 2010, among children below the age of five, there were 110 boys for every 100 girls. This is much higher than the natural sex ratio, and higher than any other region of the world.
- 20 Jul 2011
Changes taking place in the world economy are likely to catapult the Asia-Pacific region as the centre of gravity of the world economy with China, India and Indonesia emerging as the growth poles for not only the region, but also the entire world. However, there are some important challenges on the way for this transformation to take place. Focusing on inclusive development and deepening regional cooperation will be critical in overcoming the barriers while leading to a more balanced and sustainable pattern of development.
- 24 Jun 2011
Asia's urban future is one of opportunity. Urbanization, well-managed, is a chance to put our development paradigm on the right track - on a track that will result in inclusive and sustainable development for Asia and the Pacific. However, keeping to this vision, we are cognizant of the threats that urbanization in the region brings. Changing our development paradigm will not be easy. We must plan our path forward on a deeper understanding of the challenges to overcome.
- 6 Jun 2011
Asia and the Pacific, more than any other region in the world, will experience greater transformation and change in the coming years, as the region's economic strength plays a greater role in the global economy and as its population centers struggle to overcome the burdens of poverty, hunger, natural disasters and social inequalities. The region's economic growth figures, recently released in the UN ESCAP Economic and Social Survey of Asia and the Pacific 2011, indicate just how powerful Asia's economy is for the world already.