South Asia's Path to Resilient Growth
Books, December 23, 2022
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- South Asia's Path to Resilient Growth
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Bibliographic details
- Published: December 23, 2022
- Series: Books
- DOI: https://doi.org/10.5089/9781513587219.071
Overview and key findings
- Highlights the remarkable development progress in South Asia and pathways to advance in the aftermath of the COVID-19 pandemic.
- Recommends a renewed push toward greater trade and financial openness while responding proactively to distributional impacts and dislocation associated with structural transformation.
- Emphasizes promoting a green and digital recovery.
- Explores ways to accelerate the income convergence process in the region by leveraging the still-large potential demographic dividend in most countries.
- Identifies policy levers including greater economic diversification and export sophistication, trade and foreign direct investment liberalization, and participation in global value chains amid shifting regional and global conditions.
- Stresses the role of financial development and investment in human capital.
Policy recommendations and structural priorities
- Trade and financial openness:
- Renewed push toward greater trade openness.
- Liberalization of foreign direct investment.
- Increased participation in global value chains (GVCs) amid changing regional and global conditions.
- Distributional and social policy:
- Proactive responses to distributional impacts and labor-market dislocation associated with structural change.
- Green and digital recovery:
- Promote policies that support environmentally sustainable and digital-led recovery dynamics.
- Human capital and demographic dividend:
- Invest in human capital to leverage the still-large potential demographic dividend in most countries.
- Economic diversification and export sophistication:
- Facilitate greater economic diversification and increase export sophistication to accelerate income convergence.
- Financial sector development:
- Strengthen financial development as a foundation for resilient and inclusive growth.
Subjects and keywords (as recorded)
- Subject: Central banks, Environment, Financial crises, Health, International trade, Labor, Monetary policy
- Keywords: Asia and Pacific, Climate change, East Asia, Employment, Exports, Global, government of India, health outcome, IMF staff calculation, Inflation targeting, infrastructure investment, macro-financial management, poverty head count ratio, South Asia, Southeast Asia, structural reforms, sustainable growth, teachers' wage, technical efficiency, value chain
Content in this bundle
- South Asia's Path to Resilient Growth