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Developing Asia is embracing inclusive growth as a key development goal in response to rising inequalities and increasing concern that these could undermine the very sustainability of Asia's growth. This paper argues that inclusive growth emphasizes creation of and equal access to opportunities;...
Persistent link: https://www.econbiz.de/10003496813
What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and other shock-prone countries. This paper provides new...
Persistent link: https://www.econbiz.de/10011543266
Persistent link: https://www.econbiz.de/10003026686
"While decentralization of education in DMCs has largely been driven by fiscal constraints, it has also been motivated by concerns about the effectiveness of a centralized system in delivering education services. The statistics are revealing: while virtually all DMCs have made impressive gains...
Persistent link: https://www.econbiz.de/10011279903
Developing Asian countries have accumulated foreign exchange reserves on an unprecedented scale in recent years. There is a growing consensus that Asia's reserves now substantially exceed the levels required for precautionary purposes or for self-protection against currency crisis. The central...
Persistent link: https://www.econbiz.de/10003878349
The current coronavirus pandemic is an unprecedented public health challenge that has devastating economic impacts for households. Using a sample of 230,540 respondents to online surveys in 17 countries in Latin America and the Caribbean, we show that the economic impacts are large and unequal:...
Persistent link: https://www.econbiz.de/10012267350
World trade volume is in retreat for the first time in more than two decades and the contraction is on a scale not seen … trade with the rest of the world. Moreover, US imports that avail of preferential tariff treatment are also contracting more … to strangle world trade. The failure of bilateral free trade agreements to act as a shock absorber suggests that a new …
Persistent link: https://www.econbiz.de/10003913740
largest number of the world's poor. In 2008, around 63% of the poor worldwide lived in the region. …
Persistent link: https://www.econbiz.de/10009301843
Persistent link: https://www.econbiz.de/10009305970
After considering the background to the G20 summit meetings after the recent global economic and financial crisis, this paper aims to identify the trade agenda that represents Asia's concerns for the global and regional trading system. Asia, in particular East Asia, has played an important role...
Persistent link: https://www.econbiz.de/10011281462