Facing a globalization backlash, rising inequality and environmental degradation, the UN Economic and Social Survey of Asia and the Pacific 2017 (2017 Survey) explores policy options for Asia and the Pacific economies to sustain and increase their economic dynamism while improving the quality of growth in line with the 2030 Agenda for Sustainable Development. It highlights that despite a broadly positive economic outlook for 2017, Asia-Pacific economies are vulnerable to prolonged weak external demand and rising trade protectionism. In view of such challenges, the 2017 Survey shows that better governance and effective fiscal management are essential to achieving long-term economic and sustainable growth.
ESCAP East and North-East Asia (ENEA) Office, in collaboration with the Council on International Financial Cooperation of the Republic of Korea, launched the 2017 Survey and held a panel discussion on 12 May 2017 in Seoul, Republic of Korea. Among the topics discussed were the key ideas of the publication under the theme of governance and fiscal management and the Republic of Korea's experiences in strengthening economic growth and public financial infrastructure. Underscoring the significance of improved governance and better management of public finance in the Republic of Korea, Korean experts reaffirmed the role of their country in sharing good practices to support economic growth and financial infrastructure not only in the Asia-Pacific region, but around the globe.
Please read the press release here.