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South Asia's Path to Resilient Growth

2022-12-23 Business & Economics
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Release : 2022-12-23
Genre : Business & Economics
Kind : eBook
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Book Synopsis South Asia's Path to Resilient Growth by : Mr. Ranil M Salgado

Download or read book South Asia's Path to Resilient Growth written by Mr. Ranil M Salgado. This book was released on 2022-12-23. Available in PDF, EPUB and Kindle. Book excerpt: South Asia’s Path to Sustainable and Inclusive Growth highlights the remarkable development progress in South Asia and how the region can advance in the aftermath of the COVID-19 pandemic. Steps include a renewed push toward greater trade and financial openness, while responding proactively to the distributional impact and dislocation associated with this structural transformation. Promoting a green and digital recovery remains important. The book explores ways to accelerate the income convergence process in the region, leveraging on the still-large potential demographic dividend in most of the countries. These include greater economic diversification and export sophistication, trade and foreign direct investment liberalization and participation in global value chains amid shifting regional and global conditions, financial development, and investment in human capital.

South Asia's Path to Resilient Growth

2023-04-15 Business & Economics
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Release : 2023-04-15
Genre : Business & Economics
Kind : eBook
Book Rating : 219/5 ( reviews)

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Book Synopsis South Asia's Path to Resilient Growth by : International Monetary Fund

Download or read book South Asia's Path to Resilient Growth written by International Monetary Fund. This book was released on 2023-04-15. Available in PDF, EPUB and Kindle. Book excerpt: South Asia's Path to Resilient Growth highlights the remarkable development progress in South Asia, especially the decline in extreme poverty, and how the region can advance in the aftermath of the COVID-19 pandemic and the impact of the war in Ukraine. Steps include a renewed push toward greater trade and financial openness, while responding proactively to the distributional impact and dislocation associated with this structural transformation. Promoting a green and digital recovery remains important. The book explores ways to accelerate the income convergence process in the region, leveraging on the still-large potential demographic dividend in most of the countries. These include greater economic diversification and export sophistication, trade and foreign direct investment liberalization and participation in global value chains amid shifting regional and global conditions, financial development, and investment in human capital.

Is South Asia Ready for Take Off?

2019-11-04 Business & Economics
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Release : 2019-11-04
Genre : Business & Economics
Kind : eBook
Book Rating : 291/5 ( reviews)

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Book Synopsis Is South Asia Ready for Take Off? by : Mr.Ranil M Salgado

Download or read book Is South Asia Ready for Take Off? written by Mr.Ranil M Salgado. This book was released on 2019-11-04. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1980s, durable reforms coupled with prudent macroeconomic management have brought steady progress to the South Asia region, making it one of the world’s fastest growing regions. Real GDP growth has steadily increased from an average of about 3 percent in the 1970s to 7 percent over the last decade. Although growth trajectories varied across countries, reforms supported strong per capita income growth in the region, lifting over 200 million people out of poverty in the last three decades. Today, South Asia accounts for one-fifth of the world’s population and, thanks to India’s increasing performance, contributes to over 15 percent of global growth. Looking ahead, the authors find that South Asia is poised to play an even bigger role in the global economy, in both relative and absolute terms. India has overtaken China as the fastest growing large economy and South Asia’s contribution to global growth is set to increase, while more mature economies decelerate. Greater economic diversification, with an expansion of the service sector, improvements in education, and a still sizable demographic dividend are among the key elements underpinning this performance. Based on demographic trends, more than 150 million people in the region are expected to enter the labor market by 2030. This young and large workforce can be South Asia’s strength, if supported by a successful high-quality and job-rich growth strategy. Amid a changing global economic landscape, the authors argue that South Asia will need to leverage on all sectors of the economy in a balanced way, supporting improvements in agricultural productivity and a sustainable expansion of manufacturing, while promoting higher-skill services, to achieve this goal.

South Asia Economic Focus

2024-04-02 Business & Economics
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Release : 2024-04-02
Genre : Business & Economics
Kind : eBook
Book Rating : 038/5 ( reviews)

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Book Synopsis South Asia Economic Focus by : World Bank

Download or read book South Asia Economic Focus written by World Bank. This book was released on 2024-04-02. Available in PDF, EPUB and Kindle. Book excerpt: South Asia is expected to continue to be the fastest-growing emerging market and developing economy (EMDE) region over the next two years. This is largely thanks to robust growth in India, but growth is also expected to pick up in most other South Asian economies. However, growth in the near-term is more reliant on the public sector than elsewhere, whereas private investment, in particular, continues to be weak. Efforts to rein in elevated debt, borrowing costs, and fiscal deficits may eventually weigh on growth and limit governments' ability to respond to increasingly frequent climate shocks. Yet, the provision of public goods is among the most effective strategies for climate adaptation. This is especially the case for households and farms, which tend to rely on shifting their efforts to non-agricultural jobs. These strategies are less effective forms of climate adaptation, in part because opportunities to move out of agriculture are limited by the region’s below-average employment ratios in the non-agricultural sector and for women. Because employment growth is falling short of working-age population growth, the region fails to fully capitalize on its demographic dividend. Vibrant, competitive firms are key to unlocking the demographic dividend, robust private investment, and workers’ ability to move out of agriculture. A range of policies could spur firm growth, including improved business climates and institutions, the removal of financial sector restrictions, and greater openness to trade and capital flows.

Climate Change and Community Resilience

2021-10-21 Technology & Engineering
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Release : 2021-10-21
Genre : Technology & Engineering
Kind : eBook
Book Rating : 803/5 ( reviews)

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Book Synopsis Climate Change and Community Resilience by : A.K. Enamul Haque

Download or read book Climate Change and Community Resilience written by A.K. Enamul Haque. This book was released on 2021-10-21. Available in PDF, EPUB and Kindle. Book excerpt: This open access book documents myriads of ways community-based climate change adaptation and resilience programs are being implemented in South Asian countries. The narrative style of writing in this volume makes it accessible to a diverse audience from academics and researchers to practitioners in various governmental, non-governmental and international agencies. At a time when climate change presents humanity with a gloomy future, the stories of innovation, creativity, grassroots engagement and locally applicable solutions highlighted in this book provides insights into hopeful ways of approaching climate solutions. South Asian countries have been dealing with the impact of climate change for decades and thus offer valuable learning opportunities for developing countries within and beyond the region as well as many western countries that are confronting the wrath of climate induced natural disasters more recently. SANDEE has been a pioneer in the development of research and training in environmental economics and related issues in South Asia and Prof Maler has been throughout SANDEE's history, its mentor, and its strongest supporter. Many young economists in South Asia have significantly benefited from Prof Maler's guidance and inputs. The present volume on “Climate Change and Community Resilience: Insights from South Asia” is a fitting tribute and an excellent reflection of Prof Maler's contributions to the SANDEE programme throughout his association. - Mahesh Banskota, Ph.D. Professor, Development Studies School of Arts, Kathmandu University This comprehensive volume aptly identifies grassroots initiatives as the core of the problem of adaptation to climate change. The analysis of the different experiments is lucid, inclusive, and full of interesting detail. The methodologies used and the subjects covered span a range of frameworks and narratives. Put together, the studies are a fitting tribute to Karl-Goran Maler, who spent years putting his impeccable expertise to use for the cause of enhancing research in South Asia. - Kanchan Chopra, Ph.D. Former Director and Professor, Institute of Economic Growth, Delhi, and Fellow, SANDEE The slow international policy response to climate change elevates the importance of understanding how communities can respond to climate change’s many threats. This unusually accessible volume provides that understanding for South Asia while being relevant to the rest of the world. Its emphasis on research by scholars from the region makes it a wonderful tribute to Prof. Karl-Göran Mäler, who contributed so much to the growth of environmental economics research capacity in South Asia. - Jeffrey R. Vincent, Ph.D. Clarence F. Korstian Professor of Forest Economics & Management Nicholas School of the Environment, Duke University, USA

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