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 paper also discusses
country-specific strategies that combine laissez-faire and strategic diversification approaches to
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. In addition, the protectionist threats could further
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.
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.
Building productive capacities is a top priority for least developed countries to promote
development and graduate from the status of least developed country. This paper discusses the
challenges and the opportunities for these countries to build their productive capacities. It
argues that the main challenge is to manage the long-term effects of the increase in the terms
of trade of commodities and reduction of terms of trade of manufactures, which threaten their
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 Asia-Pacific region is becoming a significant driver of global economic growth. In 2010, the region’s developing countries grew at a rate of 8.8 per cent compared to 2.7 per cent for the world’s developed economies. In the region, mobile telephony and broadband internet in particular are bringing unprecedented digital opportunities that are transforming societies. However, a number of gaps, particularly in infrastructure, need to be addressed to ensure that these digital opportunities do not engender a digital divide, thereby accelerating regional inequities.
High food prices have put increasing inflationary pressures across the Asia-Pacific region and
threatened food security. Bad weather in important food-producing countries and speculation in
commodity markets have affected global food supplies and added volatility to booming
commodity markets that have been fueled in the long-term by increasing global demand. High
food prices have threatened to slowdown economic growth, poverty reduction and inclusive
sustainable development throughout the region. Countries of the region have taken various