The economies of Asia and the Pacific recovered strongly in 2010 from the depths of the “Great Recession”
of 2008/09 but they face fresh challenges in 2011. These include the return of food and fuel crises that are
threatening hard-won development gains, sluggish recovery in the advanced economies, and a deluge of shortterm
capital flows that in turn is leading to volatility in capital markets, the build-up of asset bubbles and the
appreciation of exchange rates. Furthermore, the devastation wrought by the recent earthquake and tsunami in
Asia-Pacific region has emerged as the growth pole of the world economy over the past decade.However, in the aftermath of global financial crisis, sustaining the dynamism of Asia-Pacific economies would require a rebalancing in favour of greater domestic consumption and exploiting the potential of regional economic integration.
Catastrophes caused by natural hazards that hit “without warning” serve as grim reminders of the challenge that governments and civil society face in identifying and protecting the areas that are at risk of extreme events. This paper presents a methodology to estimate the threshold of social and economic impact of disasters that indicate events that were the manifestation of high levels of risk. It shows the result of the application of the methodology to Desinventar dataset, which covers 20 countries/regions, and the change in the level of the threshold in the past forty years.
The Asia-Pacific Trade and Investment Report (APTIR) is a recurrent publication prepared by the Trade and Investment Division. It aims to deepen understanding of regional trends and developments in trade and investment; emerging issues in trade, investment and trade facilitation policies; and impacts of these policies on countries’ abilities to meet the challenges of achieving inclusive and sustainable development.
This book is a synthesis of the results and implications from a series of product-specific import and export process analyses conducted in selected Asian countries. It provides a unique set of micro-level information on the nature, as well as the time and cost, of trade procedures involved in moving goods from factory floor in an exporting country all the way to warehouses in an importing country.
Small and medium-sized enterprises (SMEs) have played an important role in South Asia and remain a critical source for employment creation as well as income generation. SMEs occupy an important position in the development strategy for inclusive economic growth and poverty reduction. In this respect, export-oriented SMEs, supplying competitive products and services with greater potential for backward and forward linkages, would substantially contribute towards higher national income and overall socio-economic progress of nations.
Provisions in some of the most recent bilateral and regional trade agreements - that either have yet to enter into force or entered into force in or after 2009 - are compared with each other and with those included the WTO draft consolidated negotiating text on trade facilitation. The coverage of trade facilitation is found to have become very extensive, with the details of provisions in some agreements matching that in the draft WTO agreement on trade facilitation.
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.
How much of international trade costs can be mitigated through implementation of trade facilitation measures and policies? What measures and policies affect trade costs the most? This paper presents findings from an initial analysis of new non-tariff trade cost estimates and their determinants, based on a bilateral database of comprehensive trade cost maintained by ESCAP. Among the top trade facilitating economies are Malaysia, the United States, China, Republic of Korea and Thailand, with Japan and Germany following closely.
The similarities yet differences across South Asian countries, and their differential response to recent food and oil price shocks, gives a useful opportunity to better understand the structure of inflation in these economies. Analysis of the internal and external balance and evidence on demand and supply shocks implies output is largely demand determined but inefficiencies on the supply side perpetuate inflation. Procyclical policy amplifies the negative impact of supply shocks on output.