The Pacific is expected to return to growth, expanding by 4.7% this year and by 5.4% in 2023, reflecting rising visitor arrivals in the tourism-dependent economies. However, risks remain from the COVID-19 pandemic, rising international commodity prices, and climate change. Read more.
This study investigates the dynamic impact of social distancing policy on coronavirus disease (COVID-19) infection control, mobility of people, and consumption expenditures in the Republic of Korea. Results indicate that social distancing policy is an effective tool for reducing the spread of COVID-19. Read more here.
In this interview with Bloomberg, ADB/ERCD Principal Economist Jong Woo Kang discusses why Asia and the Pacific's trade ties have deepened amid the global disruptions from the pandemic. Watch the short video here.
The time is right to rejigger global supply chains. One school of thought is to diversify those further away from places prone to disruptions due to economic, health, climate change and geopolitical issues.
These regional trade deals, and digital economy agreements, have created a host of new negotiating, regulatory and policy challenges for developing countries.
There is already a distinct line that divides time before the COVID-19 pandemic and two years after it started. It is the line where COVID exposed our fragility...