This paper looks at the role of governance and institutions in supporting growth and broadening inclusiveness with a special reference to developing Asia. While the intrinsic value of good governance and institutions as ends of development in their own right is now universally accepted and...

Annual income data may provide a misleading indicator of enduring income inequality in societies where there is considerable year-to-year income mobility. Using two rounds of data on households, the paper measures income mobility in the People's Republic of China (PRC) between the early 1990s...

Postcrisis policy responses tilted in favor of strengthening the global regulatory system and financial stability have limited the attention paid to the role of finance in supporting sustained economic growth and development. This has special implications for Asia which, despite being the new...

We explore how demographic changes in the Asia and Pacific region are likely to influence economic growth and other features of the regional economy. While many low-income countries in the region will continue to experience a demographic dividend, over time population aging could drag on...

Inclusive economic growth challenges governments to achieve a high, sustainable rate of economic growth and to share opportunity equitably across society. It brings with it an operational challenge of finding an approach to performance measurement that captures the richness of the concept. This...

The newly independent Timor-Leste has established itself as one of the fastest growing economies in Asia and the Pacific. A concentration of economic activity in the capital has, however, raised the concern that the better off members of society are capturing most of the benefits. This study...

Lax monetary policy in the United States has been pointed out as one of the responsible factors behind the recent global crisis. Similar loose monetary conditions also prevailed in many European countries before the crisis and were argued to be among the accommodating factors behind the run-up...

The global economic crisis has revealed that growth in East Asia is highly vulnerable to slowdown in exports to major advanced economies. This paper shows that in precrisis years, at least one third of growth in the Peoples Republic of China was due to exports, and this proportion was even...

This paper reviews the recent progress toward gender equality in developing Asia by examining a number of indicators proposed under the Millennium Development Goal 3 plus approach, focusing on gender inequalities in education and health outcomes (capability) and in labor market and political...