Developing economies in the Asia-Pacific region grew at 7.9% in 2006, up from 7.6% in 2005. The continuing buoyancy of external demand remained a source of growth for many countries. Exports of electronics continued to be a key source of growth, while oil and gas exports remained strong in the Islamic Republic of Iran and the oil and gas exporters of North and Central Asia, and South-East Asia. Domestic demand drove gross domestic product (GDP) growth in South and South-West Asia, particularly on the back of high investments.
This paper examines the impact of workers’ remittances on growth and poverty reduction in developing Asia-Pacific countries using panel data over the period 1993-2003. The results suggests that, while remittances do have a significant impact on poverty reduction through increasing income, smoothing consumption and easing capital constraints of the poor, they have only a marginal impact on growth operating through domestic investment and human capital development.
Road transport is the most important mode of freight transportation in terms of transportation output in almost all countries in the world, in particular in Asia and the Pacific region. For many years, the dimensions of road vehicles for freight transport have remained fixed, although road infrastructure in many countries has improved considerably and technical progress in vehicles has made them safer, quieter and more powerful.
This report on progress towards the MDGs in Asia and the Pacific has two parts. Part 1 assesses whether countries are on or off track for the various indicators. Part 2 examines disparities within countries. Overall, much of the news is good. Asia and the Pacific is one of the world's most dynamic regions, and has been forging ahead on many of the MDGs.
The emergence of global value chains (GVCs) and associated international production networks (IPN) is transforming production, trade and investment in a wide range of industries. This offers potentially significant opportunities for integrating Greater Mekong Subregion (GMS) enterprises, particularly small and medium-sized enterprises (SMEs) more effectively
The Asia-Pacific Development Journal (APDJ) is published twice a year by the Macroeconomic Policy and Development Division of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and to stimulate policy debate and assist in the formulation of policy.
The crucial role of regional cooperation in meeting the future infrastructure requirements of Asian and Pacific countries cannot be overstated. The need for cooperation in the areas of infrastructure creation, maintenance and utilization is well recognized. On the financing side, research reveals that the region will need to find at least $228 billion per year to pay for the infrastructure it plans to build and maintain between 2006 and 2010.
According to the Economic and Social Survey of Asia and the Pacific 2006, global economic growth slowed to 3.2 per cent in 2005, down from the record growth rate of 4.0 per cent in 2004. The growth rate of developing countries in Asia and the Pacific also decelerated moderately in 2005. The slowdown in the global economy and in ESCAP developing countries was the result primarily of high and volatile oil prices and a softening of global trade. More expensive oil also heightened inflation in the region; however, overall price pressures remained mild by historical standards.