Tumbarello, Patrizia; Cabezon, Ezequiel; Wu, Yiqun - International Monetary Fund (IMF) - 2013
The small states of the Asia and Pacific region face unique challenges in raising their growth potential and living … and production bases, exposure to shocks, and heavy reliance on aid. Higher fixed government costs, low access to credit … often face more limited policy tools, policies do matter and can further help build resilience and raise potential growth …