While extensive literature is available on various aspects of economic development in the ASEAN countries, there has been no book-length treatment of the fiscal systems and practices in these countries. This study fills the gap in the existing literature. In addition to the five country papers,...

This paper analyzes Singapore's multi-pronged approach to managing prolonged low fertility which has led to population aging, labor force shortages, increasing elderly dependency ratios, and feminization of the elderly population. This approach has emphasized high growth, and has given priority...

Population aging is a global phenomenon but what sets Asia apart is the sheer scale and speed of its aging. Pension systems will have to play a bigger role but in most Asian countries pension systems are still underdeveloped, fragmented, and poorly financed. Asian countries need to embark on...

There are considerable variations in the philosophy, coverage, investment policies and performance, design of schemes, governance structures, degree of professionalism and adequacy of benefits among Asian countries. The pensions sector requires strong government regulation. For most Asian...

This article analyses the importance of international commercial service transactions relating to both trade and investment, which form an essential element of analyzing production fragmentation and economic integration in Asia. Following an aggregative analysis the authors discusses data...

This paper accepts Rodrik’s premise that globalization and associated changes have increased the urgency of developing social safety nets to: Cushion transition; Help maintain legitimacy of reform, and help avoid backlash against reforms. India’s calibrated globalization thus...