South Asia Economic Focus : Green Growth in South Asia
Notwithstanding global growth weakness and financial pressures, growth in South Asia is expected to remain robust, supported by slower fiscal consolidation than in other EMDEs, strong public investment, and a recovery as financial stress has subsided. Policy challenges include, in the short-term, preserving financial stability and restoring fiscal sustainability and, in the long-term, rekindling investment, and managing an energy transition. Currently, the energy intensity of South Asian economies is almost twice the global average-despite a decline over the past two decades that was almost entirely driven by firm-level, within-sector cuts in energy intensity. The potential benefit of regulatory policies, information interventions, and financial support to help accelerate the diffusion of these technologies, as well as the possibility that these could also lend broader support for countries' development objectives. The transition away from fossil fuels may have considerable labor market impacts. A wide range of policies, including better access to high-quality education, finance, and markets; improved labor mobility; and strengthened social safety nets, will be needed to facilitate the adjustment in labor markets while protecting vulnerable workers
Year of publication: |
2023
|
---|---|
Institutions: | The World Bank |
Publisher: |
Washington, D.C : The World Bank |
Subject: | Südasien | South Asia | Nachhaltige Entwicklung | Sustainable development | Wirtschaftswachstum | Economic growth |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Sarker, Tapan Kumar, (2015)
-
Hossain, Altaf, (2019)
-
Improving governance in sustaining equitable growth
Volcker, Paul A., (2009)
- More ...
Similar items by person