This paper approaches inclusive development in South and South-West Asia through the framework of structural transformation and productive capacities. It discusses the opportunities for these countries to build their productive capacities through product diversification and presents a list of potential new products and export markets that could be targeted by government and private sector for achieving higher long-term gains.
The ongoing euro zone debt crisis creates an undesirable scenario for the global economy as well as for the Asia-Pacific region given that the region has close economic linkages. The paper aims to provide quantitative estimates of the potential impact of the euro zone debt crisis on merchandise exports as well as on economic growth and poverty reduction efforts in the region. The results indicate that a one-percentage-point fall of output growth of the euro zone would result in a total export loss of $166 billion.
The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-2009 global financial crisis in 2010 proved to be short-lived, as the world economy entered the second stage of the crisis in 2011, due to euro zone debt concerns and the continued uncertain outlook for the United States economy. The region will be affected by slackening demand for its exports and higher costs of capital, as well as by loose monetary policies and trade protection measures of some advanced economies.
The Asia-Pacific region’s rapid growth since the 1950s had been supported by a favourable external economic environment and opportunities arising from globalization. This, however, has changed dramatically in the aftermath of the global financial crisis of 2008-2009. In the new global environment, sustaining the region’s growth and realizing the Asia-Pacific century critically depends on its ability to harness the potential of regional economic integration.
This paper attempts to disentangle the poverty effects of key policy variables that directlyaffect the poor (namely the government-led channel of development spending and financing)in both agricultural and non-agricultural sectors after accounting for the effect of respective sectoral per capita income and prices, using data from India over five decades.
This paper presents the report of the High-level Policy Dialogue on Development Challenges Facing the Subregion (New Delhi, 15-16 December 2011), which was organized to coincide with the opening of the United Nations ESCAP Subregional Office for South and South-West Asia (SRO-SSWA) based in New Delhi.
The UN Asia-Pacific Regional Cooperation Mechanism Thematic Working Group (TWG) on International Migration including Human Trafficking, co-chaired by ESCAP and IOM, launched the 2012 Situation Report on International Migration in South and South-West Asia in Dhaka, Bangladesh on 5 April 2012.
UNICEF and the Asia-Pacific Interagency Group on Youth called on regional governments to focus greater energy on Asia-Pacific’s 1.1 billion young people, which they say are vital for the region’s future economic development.
They launched a new policy guide Investing in Youth Policy.This policy guide makes a strong case for governments to put young people higher on the policy agenda.