Fiscal Sustainability And Competitiveness In Europe And Asia
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Fiscal Sustainability and Competitiveness in Europe and Asia by R. Rajan,K. Tan Pdf
This book examines key issues and policy concerns relating to fiscal sustainability and competitiveness in European and Asian economies. In addition to estimating the extent of fiscal capacity or lack thereof for these economies, the authors supplement the empirical analysis with country case studies.
Global Trends 2040 by National Intelligence Council Pdf
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Balanced, Sustainable And Competitiveness Enhancement Study For Vietnam: A Critical Evaluation With Development Potentials by Tien Loc Vu,Khee Giap Tan,Trieu Duong Luu Nguyen,Duy Nguyen Pdf
Drawing on the studies by the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS), this book titled Balanced, Sustainable and Competitiveness Enhancement Study for Vietnam: A Critical Evaluation with Development Potentials, which is a joint research collaboration between the National Research Project on Improving Vietnam's Competitiveness and ACI-LKYSPP-NUS, provides a detailed assessment of the Vietnamese economy. We contend that Vietnam is at a critical juncture in its development whereby a new wave of far-reaching reforms is required to address persistent structural weaknesses and unleash the country's economic potentials. In addition, Vietnam's new growth model must tackle widening regional disparities which puts Vietnam at risk of becoming one country with two economies where the southern region of Vietnam pulls too far ahead of its northern and central counterparts. Based on our analysis, we propose a comprehensive policy roadmap for Vietnam to achieve balanced and sustainable development for enhanced competitiveness. The successful completion of this reform agenda will set Vietnam firmly on a dynamic growth path which will allow the country to catch up with the more advanced ASEAN member states by 2040.
Central and Local Government Relations in Asia by Naoyuki Yoshino,Peter J. Morgan Pdf
Sustainable and inclusive growth in emerging Asian economies requires high levels of public investment in areas such as infrastructure, education, health, and social services. The increasing complexity and regional diversity of these investment needs, together with the trend of democratization, has led to fiscal decentralization being implemented in many Asian economies. This book takes stock of some major issues regarding fiscal decentralization, including expenditure and revenue assignments, transfer programs, and sustainability of local government finances, and develops important findings and policy recommendations.
EU-Asia and the Re-polarization of the Global Economic Arena by Lars Oxelheim Pdf
At the end of the 1980s, a tri-polar world comprising the US, EU and Japan emerged. Nevertheless, the economic turbulence of the early 21st century has destabilized this old order and the rise of other Asian powers has implications for the formation of a new economic configuration. This book discusses the probability of the different tentative global economic power balances to emerge, as well as the different contestants: the EU, China and Japan, among others. Organized into three sections, the first part addresses general and trend-wise developments with relevance to the outcome of the re-polarization process. Subsequently, three chapters focus on developments in China, India and Japan. Finally, special issues such as climate policies, corporate governance, social reforms and cross-border economic alliances are considered in greater detail, in relation to their implications for the outcome of the re-polarization process.
Economic Management in a Volatile Environment by Ramkishen S. Rajan,Sasidaran Gopalan Pdf
This book discusses some of the challenges relating to macroeconomic and financial management in a volatile and uncertain world brought about by greater financial openness. It explores the implications of a key set of issues emanating from financial globalisation on emerging market economies in a rigorous but readable manner.
ESG Investment by Naoko Nemoto,Naoyuki Yoshino Pdf
Investors are increasingly integrating environmental, social, and governance (ESG) issues into their investment decisions. Currently, more than half of managed assets in Europe are linked to ESG factors, while in Japan, ESG investment has grown dramatically in recent years. In principle, ESG investment can help to bridge the gap between profit-driven investment and economic and social sustainability in Asia and the Pacific. However, a number of challenges, such as unclear and varied sustainable investment criteria, untested impacts on corporate value and social issues, and the lack of quality data cloud the potential for increasing ESG investment. This book aims to contribute to developing a framework for future analysis and monitoring to ensure the growth of ESG investment.
Author : World Bank Publisher : World Bank Publications Page : 118 pages File Size : 45,8 Mb Release : 2022-04-10 Category : Business & Economics ISBN : 9781464818660
Europe and Central Asia Economic Update, Spring 2022 by World Bank Pdf
In February 2022, the world was shocked by the Russian Federation’s invasion of Ukraine. The war is having a devastating impact on human life and causing economic destruction in both countries, and will lead to significant economic losses in the Europe and Central Asia (ECA) region and the rest of the world. It comes at a particularly vulnerable time for ECA as its economic recovery was expected to be held back by scarring from the pandemic and lingering structural weaknesses. The economic impact of the conflict has reverberated through multiple channels, including commodity and financial markets, trade and migration links, and the damaging impact on confidence. Moreover, the war has added to mounting concerns about a sharp global slowdown, surging inflation and debt, and a spike in poverty levels. Neighboring ECA countries are likely to suffer considerable economic damage because of their strong trade, financial, and migration links with Russia and Ukraine. The war is also causing a destabilizing wave of refugees, financial stresses in vulnerable countries, runaway inflation expectations, and food insecurity. A protracted conflict could further heighten policy uncertainty and fragment critical trade and investment networks.
Author : World Bank Group Publisher : World Bank Publications Page : 260 pages File Size : 55,6 Mb Release : 2014-09-30 Category : Social Science ISBN : 9781464803833
The World Bank Group A to Z by World Bank Group Pdf
The World Bank Group A to Z provides ready-reference insight into the history, mission, organization, policies, financial services, and knowledge products of the world's largest anti-poverty institution.
David M. Arase,Pedro Miguel Amakasu Raposo de Medeiros Carvalho
Author : David M. Arase,Pedro Miguel Amakasu Raposo de Medeiros Carvalho Publisher : Taylor & Francis Page : 244 pages File Size : 43,9 Mb Release : 2022-11-11 Category : Political Science ISBN : 9781000781618
The Belt and Road Initiative in Asia, Africa, and Europe by David M. Arase,Pedro Miguel Amakasu Raposo de Medeiros Carvalho Pdf
This book examines the progress and reception of China’s Belt and Road Initiative (BRI) in key subregions of Asia, Africa and Europe. Through its exploration of the patchwork of distinctive sub regions of each continent, the book analyses how well the BRI accommodates sub regional variation as it attempts to integrate Asia, Africa, and Europe under Chinese auspices. Individual chapters focus on how developing subregions experience BRI relations with China, while others focus on how liberal powers seek to compete with China’s BRI agenda. The contributions also gauge the impact of the COVID-19 pandemic on the BRI in regional settings and point to its future implications. Offering a panoramic view of the vast mosaic of Asian, African, and European sub regions targeted by the BRI, this book will be of interest to scholars and students of International Relations and Global Political Economy as well as Chinese politics and those with an interest in the Belt and Road Initiative more broadly.
Author : World Bank Publisher : World Bank Publications Page : 150 pages File Size : 44,6 Mb Release : 2021-10-05 Category : Business & Economics ISBN : 9781464818028
Europe and Central Asia Economic Update, Fall 2021 by World Bank Pdf
Although global economic activity is recovering and output in Europe and Central Asia (ECA) is expected to grow in 2021, containing COVID-19 remains a challenge in the region. Enterprise survey data for the emerging and developing countries in the region show that COVID-19 had a profound and heterogeneous impact on firms. Smaller, younger, and female-run businesses were hit harder and had greater difficulty recovering. But the crisis also played a cleansing role and economic activity in ECA appears to have been reallocated toward more productive firms during the crisis, particularly in countries with more competitive markets. Firms with high pre-crisis labor productivity experienced significantly smaller drops in sales and employment than firms with low pre-crisis labor productivity and were also more likely to adapt to the crisis by increasing online activity and remote work. Many governments in ECA implemented broad policy support schemes to address the initial economic fallout from the crisis. Overall, this government support was more likely to go to less productive and larger firms, regardless of the level of their pre-crisis innovation. As economies enter the economic recovery phase, it will be important for policy makers in all countries to phase out broad policy support measures as soon as appropriate and focus on fostering a competitive business environment, which is key to a strong recovery, resilience to future crises, and sustainable, long-term economic growth.
Fiscal Sustainability in Theory and Practice by Craig Burnside Pdf
Topics discussed in this publication include: an introduction to theoretical and practical aspects of fiscal sustainability; theoretical prerequisites for fiscal sustainability analysis; debt indicators in the measurement of vulnerability; cyclical adjustment of budget surplus; pro-cyclical fiscal policy using Mexico's fiscal accounts as a case study; fiscal rules and the experience of Chile; currency crises and models for deal with financing costs.
Europe in an Era of Growing Sino-American Competition by Sebastian Biba,Reinhard Wolf Pdf
This book investigates how Europe should position itself in an era of growing Chinese-American rivalry. The volume explores the contemporary relationship and ongoing dynamics between three of the most powerful players in today’s international relations - the USA, China and Europe. It claims that the intensifying antagonism between Washington and Beijing requires a paradigm shift in European strategic thinking, and takes a trilateral perspective in analysing key issue areas, such as trade, technology, investment, climate change, the BRI, sub-national contacts, maritime security and nuclear non-proliferation. Using this analysis, the work seeks to offer original policy recommendations that respond to a number of dilemmas Europe can no longer avoid, including the trade-off between European interests and values in a harsher global environment, the question of whether Europe should align with one of the two superpowers, Europe’s military dependence on a US pivoting to the Asia-Pacific, and possible trade-offs between global and regional governance efforts. The key finding is that Europe must follow a much more pragmatic and independent approach to its foreign and security affairs. This book will be of much interest to students of EU policy, foreign policy, Chinese politics, US politics and IR in general.
The Green Fiscal Mechanism and Reform for Low Carbon Development by Akihisa Mori,Paul Ekins,Stefan Speck,Soo-Cheol Lee,Kazuhiro Ueta Pdf
This book reviews how far East Asian nations have implemented green fiscal reform, and show how they can advance carbon-energy tax reform to realize low-carbon development, with special reference to European policy and experience. East Asian nations are learning European experiences to adopt them in their political, economic and institutional contexts. However, implementation has been slow in practice, partly due to low acceptability that comes from the same concerns as in Europe, and partly due to weak institutional arrangements for the reform. The slow progress in the revenue side turns our eyes on expenditure side: how East Asian nations have increased environmental-related expenditures, and how far they have greened sectorial expenditures. This "lifecycle" assessment of the fiscal reform, coupled with the assessment of the institutional arrangement constitutes the features of this book. The book helps to provide overall picture of green fiscal reform and carbon-energy tax reform in the East Asian region. The region has a variety of countries, from lowest income to high-income nations. Nations have different interests in substance and barriers for reform. This book covers recent development of environmental fiscal reform and carbon-energy taxation in wider nations in the region, including South Korea, Taiwan, Thailand, Vietnam, Indonesia and Japan. In addition, the book's holistic view helps to understand why a specific nation has interest and concern on some aspects of the reforms.
The Connectivity Cooperation Between China and Europe by Liu Zuokui,Branislav Đorđević Pdf
This book is the first systematic China-based study on connectivity cooperation between China and Europe. It is packed with discussion of scholars not just from China, but also from Central and Eastern Europe on the origin and paradigm of China–European connectivity from a range of different perspectives. As a result of intensive coordination efforts, the study, co-edited by the Chinese Academy of Social Sciences and the Institute of International Politics and Economics in Serbia, aims at providing analyses of greater links between China and European countries heading into the future. Furthermore, this Cooperation is used as a special research case to showcase cooperation between China and Europe along with its achievements and challenges. This collection of essays is the fruit of extensive transnational efforts and will be a valuable resource for all those working in the areas of International Relations and Political Science with a focus on China and Europe.