Download or read book An Agenda for High and Inclusive Growth in the Philippines written by Cielito Habito and published by Asian Development Bank. This book was released on 2010-12-01 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Asia has seen faster poverty reduction accompanying rapid economic growth compared with the rest of the world, the Philippine experience has been a glaring exception, as growth has generally been slower and poverty has actually risen even with record economic growth. The Asian Development Bank has identified four critical constraints as having impeded Philippine economic growth: (i) tight fiscal situation; (ii) inadequate infrastructure, particularly in electricity and transport; (iii) weak investor confidence due to governance concerns; and (iv) inability to address market failures leading to a small and narrow industrial base. In light of this, dramatic improvements in revenue generation, infrastructure provision, and enterprise development assume central importance in the government's economic policy agenda. The study identifies needed measures supporting these thrusts, along with key sector growth drivers that would ensure both accelerated growth and broad-based participation and benefits within the economy. But all these will have little success without a governance and institutional reform agenda that would restore the public's overall trust in government, the lack of which has led to low tax compliance, inhibited investment, and in turn constrained growth of the economy through the years. Overcoming this will require decisive actions on several fronts from the new Aquino administration.

Download or read book Diagnosing the Philippine Economy written by Dante B. Canlas and published by Anthem Press. This book was released on 2011 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Diagnosing the Philippine Economy’ describes the conditions that depress economic growth in the Philippine economy and their causes and potential solutions. The studies’ findings provide insight for politicians, academicians, and economists into the issues and their potential solutions.

Download or read book Poverty in the Philippines written by Asian Development Bank and published by Asian Development Bank. This book was released on 2009-12-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of the global financial crisis and rising food, fuel, and commodity prices, addressing poverty and inequality in the Philippines remains a challenge. The proportion of households living below the official poverty line has declined slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People's Republic of China, Indonesia, Thailand, and Viet Nam. Economic growth has gone through boom and bust cycles, and recent episodes of moderate economic expansion have had limited impact on the poor. Great inequality across income brackets, regions, and sectors, as well as unmanaged population growth, are considered some of the key factors constraining poverty reduction efforts. This publication analyzes the causes of poverty and recommends ways to accelerate poverty reduction and achieve more inclusive growth. it also provides an overview of current government responses, strategies, and achievements in the fight against poverty and identifies and prioritizes future needs and interventions. The analysis is based on current literature and the latest available data, including the 2006 Family Income and Expenditure Survey.

Download or read book Taking the Right Road to Inclusive Growth written by Norio Usui and published by Asian Development Bank. This book was released on 2012-04-01 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses key policy challenges that need to be addressed if the Philippines were to embark on sustainable and inclusive growth. We take the view that the main reason behind the Philippines' lagging growth and development outcomes in the regional context lies in a sluggish transformation of the economy---in particular, stagnant industrialization. Chronic problems of unemployment, poverty, and low investment are reflections of weak industrial development. The economy has been led by services, and it has been further shifting toward services with the growing business process outsourcing. Nevertheless, sole development of the services sectors is not sufficient to address the development challenges and lead to inclusive growth. We propose more targeted public sector support, which focuses on specific industries and products for industrial upgrading and diversification. This report shows a methodology of choosing products for targeted public sector support, and recommends effective dialogue between the public and private sectors to identify constraints specific to the target products and to develop adequate solutions. The Philippines needs to develop a stronger industrial base to enable the economy to "walk on two legs" of industry and modern services, to create productive job opportunities for the growing working-age population.

Download or read book Confronting Inequality written by Jonathan D. Ostry and published by Columbia University Press. This book was released on 2019-01-08 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inequality has drastically increased in many countries around the globe over the past three decades. The widening gap between the very rich and everyone else is often portrayed as an unexpected outcome or as the tradeoff we must accept to achieve economic growth. In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Jonathan D. Ostry, Prakash Loungani, and Andrew Berg demonstrate that the extent of inequality depends on the policies governments choose—such as whether to let capital move unhindered across national boundaries, how much austerity to impose, and how much to deregulate markets. While these policies do often confer growth benefits, they have also been responsible for much of the increase in inequality. The book also shows that inequality leads to weaker economic performance and proposes alternative policies capable of delivering more inclusive growth. In addition to improving access to health care and quality education, they call for redistribution from the rich to the poor and present evidence showing that redistribution does not hurt growth. Accessible to scholars across disciplines as well as to students and policy makers, Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.

Download or read book Infrastructure and Economic Growth in Asia written by John Cockburn and published by Springer. This book was released on 2013-12-05 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This book provides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries.

Download or read book Key Indicators for Asia and the Pacific 2011 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2011-08-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout Asia and the Pacific, gross domestic product growth in 2010 has recovered significantly after the economic downturn of 2008-2009. Employment grew and poverty was reduced but the quality of jobs in Asia remains inadequate. This issue of the Key Indicators highlights the crucial role of higher quality employment in economic growth and poverty reduction in Part I--- Toward Higher Quality Employment in Asia---followed by statistical tables in Parts II and III with short, nontechnical commentaries on economic, financial, social, and environmental developments. Part II comprises the first set of statistical tables and commentaries, which look at the Millennium Development Goals and progress in the region toward achieving key targets. The second set of tables, which are in Part III, is grouped into seven themes providing a broader picture of economic, financial, social, and environmental developments. The aim of the publication is to provide the latest key statistics on development issues concerning Asian and Pacific economies to a wide audience including policy makers, development practitioners, government officials, researchers, students, and the general public. This year, the Asian Development Bank presents a special supplement to the Key Indicators--- theFramework of Inclusive Growth Indicators, which defines inclusive growth and measures countries' progress in ensuring that economic growth benefits all.

Download or read book Improving Public Infrastructure in the Philippines written by Mr.Takuji Komatsuzaki and published by International Monetary Fund. This book was released on 2016-02-29 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and public investment efficiency, it uses model simulations to assess the macroeconomic implications of raising public investment and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure investment results in sustained gains in output; (ii) the effects of improving public investment efficiency are substantial; and (iii) deficit-financed increases in public investment lead to higher borrowing costs that constrain output increases over time, underscoring the importance of revenue mobilization.

Download or read book Azerbaijan Moving Toward More Diversified Resilient and Inclusive Development written by Aimee Hampel-Milagrosa and published by Asian Development Bank. This book was released on 2020-08-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Azerbaijan has set the course for the economy to reduce its dependence on oil by promoting new drivers of growth. By 2025, under the government’s Strategic Roads Maps, a more diversified economy should take shape led by three sectors: agriculture, tourism, and manufacturing. Bold reforms need to strengthen areas of the economy that could otherwise impede this transition, and policy makers must resolutely stay on the reform path. The core message of this publication is diversification toward non-oil sources of growth alongside efforts to reduce macroeconomic risks and the high cost of finance, make the education system responsive to the needs of the labor market, close infrastructure gaps, and help economically significant state-owned enterprises become more efficient.

Download or read book Myanmar written by Asian Development Bank and published by Asian Development Bank. This book was released on 2014-08-01 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: After 3 years of historic reforms, Myanmar has entered a pivotal stage in its socioeconomic development. Natural, cultural, and demographic advantages are positioning the country for long-term success, but many challenges and potential pitfalls lie ahead. This publication examines how to leverage the opportunities and offers solutions to the challenges. For Myanmar to achieve its economic transition, considerable investments will have to be made in infrastructure and developing human capital, and progress made on building institutional capacity, a regulatory environment for the private sector to flourish, and a modern finance sector. In all reform efforts, the government should embrace good governance, and strive for inclusive, environmentally sustainable, and regionally connected growth. Ensuring that the benefits of growth are shared broadly and regionally balanced stands out in a crowded development agenda.

Download or read book Technical and Vocational Education and Training in the Philippines in the Age of Industry 4 0 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-03-01 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: New and emerging technologies under Industry 4.0 are rapidly changing the nature of work and demand for skills around the world. Meanwhile, the coronavirus disease (COVID-19) pandemic is causing significant labor market upheavals. In the Philippines, the impacts on economic growth and employment have been highly disruptive. This publication highlights the vital role technical and vocational education and training (TVET) can play in mitigating the negative impacts of these drivers. It assesses what needs to be done to ensure the country's TVET system, and TESDA, the agency responsible for TVET, can meet the challenges and achieve their objectives of a competitive and socially inclusive workforce.

Download or read book The Philippine Economy written by A. M. Balisacan and published by Oxford University Press, USA. This book was released on 2003 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of all major facets of the Philippine economy and development policy, this title looks to the past and to the future using approaches that are descriptive, analytical, interpretive and comparative. It assesses trends since the 1980s, identifies major policy issues, and provides a balance sheet of achievements and deficiencies.

Download or read book How to Achieve Inclusive Growth written by Valerie Cerra and published by Oxford University Press. This book was released on 2022-01-22 with total page 901 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Rising inequality and widespread poverty, social unrest and polarization, gender and ethnic disparities, declining social mobility, economic fragility, unbalanced growth due to technology and globalization, and existential danger from climate change are urgent global concerns of our day. These issues are intertwined. They therefore require a holistic framework to examine their interplay and bring the various strands together. Leading academic economists have partnered with experts from several international institutions to explain the sources and scale of these challenges. They gather a wide array of empirical evidence and country experiences to lay out practical policy solutions and to devise a comprehensive and unified plan of action for combatting these economic and social disparities. This authoritative book is accessible to policy makers, students, and the general public interested in how to craft a brighter future by building a sustainable, green, and inclusive society in the years ahead.

Download or read book Achieving Sustainable Development and Promoting Development Cooperation written by Department of Economic & Social Affairs and published by United Nations Publications. This book was released on 2008 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an overview of the key debates that took place during the Economic and Social Council meetings at the 2007 High-level Segment, at which ECOSOC organized its first biennial Development Cooperation Forum. The discussions also revolved around the theme of the second Annual Ministerial Review, "Implementing the internationally agreed goals and commitments in regard to sustainable development."--P. 4 of cover.

Download or read book Inequality Inclusive Growth and Fiscal Policy in Asia written by Donghyun Park and published by Routledge. This book was released on 2015-04-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.

Download or read book Socio economic and Eco biological Dimensions in Resource use and Conservation written by Niranjan Roy and published by Springer Nature. This book was released on 2020-01-27 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the outcomes of the 2017 national workshop and international conference organized by CEENR of ISEC, Bengaluru and Assam University Silchar. Addressing the threats to biodiversity and sustainable development resulting from the impacts of human induced pressures on ecosystems and global-warming-driven climate change is a major challenge. It requires increased knowledge and an enhanced information base in order to devise local policies to improve the adaptive capacity of vulnerable socio-ecological systems in developing countries. In this context, the book presents research that has the potential to benefit the environment and empower communities. It appeals to researchers investigating diverse aspects of socio-ecological-biological systems to create strategies for resource use, conservation and management to ensure sustainability.

Download or read book Sustainable Asia Supporting The Transition To Sustainable Consumption And Production In Asian Developing Countries written by Patrick Schroeder and published by World Scientific. This book was released on 2016-12-12 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the emerging narrative of sustainable development in Asia, the essential challenge is to reduce the use of natural resources and environmental degradation alongside the increasing demand for goods and services. To achieve this, Sustainable Consumption and Production (SCP), one of the Sustainable Development Goals (SDGs) adopted by the United Nations in 2015, aims at reconciling the three goals of minimising the extraction of natural resources from the environment, limiting waste and emissions over the life cycle of goods and services and improving human development and wellbeing.Sustainable Asia: Supporting the Transition to Sustainable Consumption and Production in Asian Developing Countries provides an overview and analysis of the current status of SCP in Asian developing countries. The book focuses on projects supported by the EU-funded SWITCH-Asia Programme, a regional development cooperation programme promoting the adoption of SCP practices among small and medium-sized enterprises (SMEs) and consumer groups in Asia since 2007.For readers looking for a comprehensive introduction to the topic of SCP together with a detailed analysis of the current developmental situation in various Asian developing countries and key sectors such as manufacturing, tourism, renewable energy and agriculture, this book is an invaluable tool. The book examines in detail the SCP approaches and innovative solutions demonstrated by the SWITCH-Asia supported projects in Asia and thus serves as a reference for practitioners, researchers and policymakers alike.