Diagnosing the Philippine Economy


Book Description

‘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.




Managing Reforms for Development


Book Description

Reforms challenge the status quo, often threatening those with a stake in the current system, even if the status quo is unsustainable. Institutions also need the capacity to implement and sustain reforms to meet expectations from change. The political and institutional changes resulting from reforms have to be managed until the success of the reforms becomes apparent. The Asian Development Bank, for more than 2 decades of supporting reforms, has found that no blueprint for success exists; however, there are clues as to what may work, and how the reform process can be better managed. The book aims to help those involved in the policy reform process to understand the political economy factors that influence the change process and of the assistance to support reforms.




The Political Economy of Economic Reform in the Pacific


Book Description

Over the last several years, Vanuatu has become one of the fastest growing economies in the Pacific region driven primarily by tourism, construction, and aid inflows. The achievement of strong economic growth has also occurred on the back of improved economic policy, effective fiscal management, and improved environment for private sector development. While recent gains have been impressive, more remains to be done to sustain growth and ensure the benefits are distributed throughout the nation. The Government is now on a sound financial footing and is well placed to address key development issues. The report discusses options for responding to these needs with a view to helping guide public policy formulation in Vanuatu.




Government and Public Policy in the Pacific Islands


Book Description

This book is a comparative study of government and public policy in the twenty small states of the Pacific Islands, examining the often tense societal interactions over competing conceptions of public-sector institutions and authority, rule-making, and policy processes.




Employment, Living Standards and Poverty in Contemporary Indonesia


Book Description

Understanding the nexus between employment, living standards and poverty is a major challenge in Indonesia. Trends in poverty are heavily dependent on labour market opportunities and social spending in education and health. The question is how to create opportunities and spend money wisely - a subject of intense debate in Indonesia. The government has brought a renewed focus to poverty reduction since the end of the Asian financial crisis, especially under the current president, Susilo Bambang Yudhoyono. This book shows how Indonesia is travelling with regard to employment, social policy and poverty. It identifies promising new directions for strategies to alleviate poverty, some of which are already showing results.




Identifying Binding Constraints to Growth


Book Description

As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms' constraints and firm size, we implement an Ordered-Probit model with a potential categorical endogenous regressor to estimate, for the case of Bolivia, the conditional probability of facing obstacles given the firm size category, while controlling for other factors. The results confirm the importance of allowing for the roles of firm size in identifying constraints and suggest priorities for policies to remove constraints to economic performance.




Lao PDR


Book Description

The Lao People's Democratic Republic (Lao PDR) has shown remarkable progress by consistently building itself into a market-oriented economy, with economic growth in 1986-2016 averaging around 6.5% per annum. The rapid and sustained growth brought about changes in the structure of output, but did not alter job composition: resource-based products still dominate in industry, low value-added jobs in services, and 65% of the labor force in agriculture. This country diagnostic study provides comprehensive analysis and identifies promising new drivers of growth which the Lao PDR can develop to diversify its production structure and speed up structural transformation.




Philippines


Book Description




Myanmar


Book Description

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.