|Eradicating Poverty and Promoting Prosperity in a Changing Asia-Pacific|
This report explores five long-term trends in the Asia-Pacific region that will shape approaches to poverty alleviation and the prospects for achieving prosperity: regional economic cooperation and integration; rural–urban transitions; demographic changes; ICT access and connectivity; and demand for natural resources. It examines the changing development context in South Asian and other economies. It also looks at opportunities created by regional cooperation and integration that intend to bring about shared economic benefits.
Author: United Nations Economic and Social Commission for Asia and the Pacific, Asian Development Bank, United Nations Development Programme
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Tags: ADB, Connectivity, ICT, Regional Cooperation, Sustainability, UNESCAP, UNDP, Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka
|Unlocking the Potential of Regional Economic Cooperation and Integration in South Asia|
At a modest 6% of total trade, intraregional trade in South Asia stands at less than one third of its full potential. Trade barriers and inadequate infrastructure have cost South Asia over US $54 billion per year in lost export opportunities. With 309 million people living on less than $1.90 a day—the largest concentration of poverty in the world—South Asia should urgently pursue broad-based regional economic cooperation that could enable effective responses to the subregion’s developmental challenges. This report examines the state of economic integration in South Asia and identifies potential areas for further strengthening subregional linkages. It provides recommendations on policy actions to increase market integration, improve connectivity, boost investment in infrastructure development, and tackle shared vulnerabilities and risks. It calls for the consolidation and upgrading of existing trade and investment cooperation initiatives into a South Asia Comprehensive Economic Partnership.
Author: United Nations Economic and Social Commission for Asia and the Pacific
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Tags: BIMSTEC, Investment, Regional Cooperation, SAARC, South Asia, Sustainability, Sustainable Development, Trade, UNESCAP, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka
|Can Online Markets Make Trade More Inclusive? |
Technology-driven online trade reduces income inequality and makes trade more inclusive. To fully realize these new gains from trade, governments and export promotion agencies should address barriers to e-commerce. Technology made available by online markets has significantly reduced the cost of entry into international markets for small and medium-sized firms, which can now reach more distant consumers and create a global reputation as a seller at very low costs. Online firms, even those smaller than traditional offline firms, export, and this paper shows that online markets help reduce income inequality by providing smaller firms access to international markets.
Author: Andreas Lendle and Marcelo Olarreaga
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Tags: ADB, ICT, India, Trade
|Climbing Higher: toward a Middle-income Nepal|
Nepal is experiencing modest growth but brisk poverty reduction. It has halved the poverty rate in just seven years and witnessed an equally significant decline in income inequality. Yet Nepal remains one of the poorest and slowest-growing economies in Asia, with per capita income falling behind its regional neighbors. The report discusses the need for comprehensive policy reform to address the country’s challenges in becoming a lower-middle-income country by 2030. The report outlines suggested reforms to facilitate greater investment and improved productivity, build new sources of growth, and deepen human capital.
Author: World Bank Group
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Tags: Employment, Investment, Nepal, Poverty Reduction, Trade, Transport, WB
|Growth Slowdowns, Middle-Income Trap, and Demographic Profile in South Asia|
This paper examines how investment in human capital is critical for innovation. Analyzing the different growth-promoting factors in South Asian economies, with a focus on demographics, and factors that can help shift middle-income countries to high-income countries, it concludes that economic transition is affected by firms’ productive advantages—ability to compete with high-skilled producers, low-wage exporters—and education-based growth, which can help advance the country's technological capacity.
Author: S. P. Jayasooriya
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Tags: Economics, Employment, Manufacturing, Economic Corridor, South Asia
|Returned 5 publications|