Full Report - Subregional Office for East and North-East Asia - escap

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CONTENTS (continued) Page Keys areas of inclusive and sustainable development ........................................ 157 Employment for all ....................................................................................................... 159 Income security for the elderly ................................................................................... 161 Income security for persons with disabilities ............................................................. 162 Health for all .................................................................................................................. 163 Education for all ............................................................................................................ 166 Energy access for all ................................................................................................... 167 Concluding remarks ...................................................................................................... 170 Chapter 4. Investing in inclusive and sustainable development ................................................. 175 Providing employment for all ....................................................................................... 176 Providing income security for the elderly ................................................................... 179 Providing income security for persons with disabilities ............................................ 181 Providing health for all .................................................................................................. 181 Providing education for all ........................................................................................... 184 Providing energy access for all ................................................................................... 185 Investment and expenditure for inclusive and sustainable development ........ 191 Macroeconomic implications ...................................................................................... 193 Debt sustainability ........................................................................................................ 195 Price stability ................................................................................................................. 195 Concluding remarks........................................................................................................ 199 Annex – methodology ................................................................................................... 201 References ................................................................................................................................................ 207 Statistical annex ...................................................................................................................................... 221 xvi
BOXES Page A. Forward-looking macroeconomic policies ............................................................................................... 4 B. Mainstreaming social and environmental pillars for inclusive and sustainable development ........ 5 C. Asian financial crisis despite macroeconomic stability ..................................................................... 8 D. Stimulus packages and social protection .............................................................................................. 9 1.1. How has policy uncertainty in the euro zone and United States affected Asia and the Pacific?.................................................................................................................................................... 18 1.2. Recent minimum wage policies boosting inclusive growth ............................................................. 24 1.3. The impact of a rebalancing China on Asia-Pacific economies .................................................. 37 1.4. “New normal” of lower growth being witnessed in Asia-Pacific .................................................. 45 1.5. Lowering trade costs to spur South-South integration ..................................................................... 48 1.6. Synergizing action on economic, social and environmental fronts to address critical risks ............ 63 2.1. Resource allocation for social equality and inclusiveness: the experience with gender-responsive budgeting .................................................................................................................. 80 2.2. Recognizing economic contributions of migrant workers to host countries .............................. 90 2.3. Youth unemployment in the Pacific island developing countries .................................................. 101 2.4. South Asia: demographic dividend or deficit? .................................................................................... 117 2.5. Is human capital converging within ASEAN? ...................................................................................... 130 3.1. Rewriting the macroeconomists’ playbook in the wake of the crisis ......................................... 141 3.2. Weak empirical evidence supporting conventional macroeconomic policies ............................. 142 3.3. Designing fiscal policy for growth and development ........................................................................ 144 3.4. Central banks as agents of development ............................................................................................. 150 3.5. Unorthodox policies and structural change in Asia and the Pacific: the experience of Singapore and the Republic of Korea ............................................................................................... 151 4.1. Programmes to foster employment ......................................................................................................... 179 4.2. The WHO Health Financing Strategy for the Asia-Pacific region ............................................... 183 4.3. Selected best practices and good examples on education policy .............................................. 186 4.4. Energy policy in Nepal ................................................................................................................................ 190 xvii
Page 1 and 2: UNDER EMBARGO UNTIL 03.30 GMT, THUR
Page 4 and 5: ECONOMIC AND SOCIAL SURVEY OF ASIA
Page 7 and 8: PREFACE The Economic and Social Sur
Page 9 and 10: EXECUTIVE SUMMARY FORWARD-LOOKING M
Page 11 and 12: on education and health. Indebted c
Page 13 and 14: ACKNOWLEDGEMENTS This report was pr
Page 15 and 16: CONTENTS Page Foreword ............
Page 17: CONTENTS (continued) Page Australia
Page 21 and 22: FIGURES (continued) Page 1.20. Ineq
Page 23 and 24: TABLES Page 1.1. Main destination e
Page 25 and 26: References to dollars ($) are to Un
Page 27 and 28: ABBREVIATIONS ADB AEC APEC ASEAN AS
Page 29 and 30: SOURCES OF QUOTATIONS (a) Page 1: a
Page 31 and 32: WHY FORWARD-LOOKING MACROECONOMIC P
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Page 43 and 44: THE STATE OF INCLUSIVE AND SUSTAINA
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THE STATE OF INCLUSIVE AND SUSTAINA
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MACROECONOMIC PERFORMANCE AND POLIC
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DEVELOPMENTAL MACROECONOMICS: THE C
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Turkey Hong Kong, China Tajikistan
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INVESTING IN INCLUSIVE AND SUSTAINA
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Percentage of GDP INVESTING IN INCL
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❚ ❚ ✕❚ INVESTING IN INCLUSI
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207 REFERENCES
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REFERENCES REFERENCES Abdyrasulova
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REFERENCES (2012a). The debate on e
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REFERENCES (2012). World Energy Out
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REFERENCES Ma, K-H (2008). Assessme
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REFERENCES (2011b). Child Poverty i
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REFERENCES United Nations, Economic
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STATISTICAL ANNEX STATISTICAL ANNEX
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STATISTICAL ANNEX Table 2. Poverty
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STATISTICAL ANNEX Table 4. Resource
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STATISTICAL ANNEX Technical notes T
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STATISTICAL ANNEX Source: Barro, Ro
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STATISTICAL ANNEX estimates based o
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This publication may be obtained fr
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READERSHIP SURVEY The Macroeconomic
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Half a decade since the onset of th
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