Edited by Ravi Ratnayake, Rajan Sudesh Ratna, Martina Francesca Ferracane and Yann Duval.
In the post-crisis world, new drivers of growth are required to drive further reductions in poverty. This new ARTNeT book examines the role of trade facilitation measures in lowering barriers to trade and raising incomes. In addition to a review of relevant literature and theoretical findings, empirical case studies are presented from across the region including: Indonesia, Sri Lanka, Bangladesh, Thailand, and China.
Structural transformation, economic diversification and logistics are some of the issues explored in this new ARTNeT book. The volume's essays use various methodologies to provide new perspectives on the region's growth and prospects. Individual chapter's focus on: trade policy in Nepal; logistics in Bangladesh and Thailand; Sri Lankan exports; and SMEs in Cambodia.
The book contains the following chapters:
I. Structural transformation and trade policy: Case of Nepal
by Paras Karel
On the occasion of the 70th ESCAP Commission Session, ESCAP launched the publication, entitled “Asia and the Pacific: A story of Transformation and Resurgence”. It provides an analytical narrative of the transformation of the region, one infested with pervasive hunger and deprivation to the Asian miracle that lifted billions of human beings out of extreme poverty. It tells how the region from a periphery became the centre of gravity for the world economy.
The Economic and Social Survey of Asia and the Pacific is the oldest and most comprehensive annual review of economic and social development in Asia and the Pacific. This flagship publication of ESCAP outlines policies to sustain dynamic growth and to make it inclusive such as unlocking fiscal space to finance higher productive government spending and enhancing regional connectivity through stronger institutional coordination across the region.
The Trade Facilitation Agreement adopted by the WTO member countries at the Bali Ministerial Conference in December 2013 highlights the importance of trade facilitation for international trade and the global economy. This paper provides a unique set of data on the progress made by 29 countries in Asia and the Pacific in implementing various trade facilitation and paperless trade measures in 2013/14, as well as estimates of the benefits from moving forward with implementation.
This study aimed at identifying key factors affecting SME participation in direct export and international production networks (IPNs), both globally and in Asia and the Pacific. A global dataset of firm-level data from developing countries was analyzed to identify the main obstacles to establishment and operation of direct and indirect small and medium size exporters. Logit models of SME export and IPN participation revealed the importance of several trade facilitation and related factors.
This report estimates the possible economic benefits—export gains, and cost savings—from partial or full implementation of cross-border paperless trade facilitation measures. Simulation results suggest that cross-border paperless trade has significant potential to reduce trade costs and boost trade in the Asia-Pacific region.
The Policy Papers on Countries with Special Needs Series addresses key issues and concerns in reducing development gaps and promoting inclusive, resilient and sustainable development of the countries with special needs in the Asia-Pacific region. The Series aims at generating a forward-looking discussion among policymakers, researchers and other stakeholders to help forge political will and build a regional consensus on the needed policy actions to close development gaps of least developed countries, landlocked developing countries and small island developing states of the region.
Although the global financial crisis of 2008-2009 was the worst economic crisis in over 60 years for many industrial countries, most Asian and Pacific developing countries weathered it quite successfully. The resilience of the region is somewhat puzzling at first sight. In an increasingly globalized world, aren’t economic shocks supposed to be transmitted faster and farther than ever before? And shouldn’t the largest shock in decades affecting the central financial centres of the world cause substantial ripple effects?