The world leaders gathered at the UN Conference on Sustainable Development (referred to as Rio+20) called for “adopting forward-looking macroeconomic policies that promote sustainable development and lead to sustained, inclusive and equitable economic growth…” (para. 150). This is, in...

Recently launched ESCAP’s Economic and Social Survey of Asia and the Pacific 2013 argues for a shift in macroeconomic policy paradigm. Historically, macroeconomic policies have both stabilization and development roles. Since the 1980s the focus of macroeconomic policies shifted to...