Inequality Inclusive Growth And Fiscal Policy In Asia PDF Download
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Author | : Donghyun Park |
Publisher | : Routledge |
Total Pages | : 305 |
Release | : 2015-04-17 |
Genre | : Business & Economics |
ISBN | : 1317530934 |
Download Inequality, Inclusive Growth, and Fiscal Policy in Asia Book in PDF, ePub and Kindle
Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality. Countries where inequality has worsened over the past 2 decades collectively account for over 80% of Asia’s population. As a result, governments across the region have begun to accord a higher priority to promoting more inclusive growth. The international experience, especially the experience of the advanced economies, suggests that fiscal policy can make a potent contribution to reducing inequality. This book systematically explores the relationship between both sides of fiscal policy—public spending as well as taxes and other fiscal revenues—and inequality in Asia at great depths. On the basis of the analysis, the book sets forth a number of concrete options for rendering fiscal policy a more effective tool for more inclusive growth that benefits all Asians. Inequality, Inclusive Growth, and Fiscal Policy in Asia is written in response to an issue of growing demand in most Asian countries, and it comes at a time when Asian governments are also beginning to use fiscal policy to bridge the glaring disparities between the rich and the poor of the region. As such, the book will be a highly valuable reference for researchers, policy makers, and students as well.
Author | : Asian Development Bank |
Publisher | : Asian Development Bank |
Total Pages | : 767 |
Release | : 2014-04-01 |
Genre | : Business & Economics |
ISBN | : 9292544535 |
Download Asian Development Outlook 2014 Book in PDF, ePub and Kindle
The Asian Development Outlook 2014 projects that developing Asia's growth will increase from 6.1% in 2013 to 6.2% in 2014 and 6.4% in 2015. Moderating growth in the People's Republic of China as its economy adjusts to more balanced growth will offset to some extent the stronger demand expected from the industrial countries as their economies recover. Risks to the outlook have eased and are manageable. The monetary policy shift in the United States may invite some volatility ahead in financial markets, albeit mitigated by accommodative monetary policy in Japan and the euro area. The regional growth outlook depends on continued recovery in the major industrial economies and on the People's Republic of China managing to contain internal credit growth smoothly. Widening income gaps in developing Asia strengthens the case for greater use of fiscal policy to foster equality of opportunity. While the region has benefited from fiscal prudence in the past, demographic and environmental challenges are expected to compete for public resources in the coming years. To boost public spending on equity-enhancing programs such as education and health without undermining fiscal sustainability, the authorities will need to explore a wide range of options for mobilizing revenue and to build equity objectives into their fiscal plans.
Author | : Ms.Chie Aoyagi |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2015-02-26 |
Genre | : Business & Economics |
ISBN | : 1498340148 |
Download Asia’s Quest for Inclusive Growth Revisited Book in PDF, ePub and Kindle
Despite the rapid economic growth and poverty reduction, inequality in Asia worsened during last two decades. We focus on the determinants of growth inclusiveness and suggest options for reform. A cross cross-country empirical analysis suggests that fiscal redistribution, monetary policy aimed at macro stability, and structural reforms to stimulate trade, reduce unemployment and increase productivity are important determinants of inclusive growth. The main policy implication of our analysis is that there is still room to strengthen such policies in Asia to better achieve growth with shared prosperity. In particular, scenario simulations based on our results suggests that the effect of expanding fiscal redistribution on inclusive growth could be sizeable in emerging Asia, since the estimated improvement in our proxy of inclusive growth – a measure of growth in average income “corrected” for the equity impact—ranges from about 1 to about 8 percentage points.
Author | : Ravi Kanbur |
Publisher | : Routledge |
Total Pages | : 315 |
Release | : 2014-02-24 |
Genre | : Business & Economics |
ISBN | : 1134670273 |
Download Inequality in Asia and the Pacific Book in PDF, ePub and Kindle
Asia’s rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered because they are the sources of productivity improvement and betterment of quality of life. This book will be useful to those interested in policy options that could be deployed by Asian countries in confronting rising inequality.
Author | : Mr.Ravi Balakrishnan |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2013-06-26 |
Genre | : Business & Economics |
ISBN | : 1475531168 |
Download The Elusive Quest for Inclusive Growth Book in PDF, ePub and Kindle
This paper assesses how pro-poor and inclusive Asia’s recent growth has been, and what factors have been driving these outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia’s own past, the recent period of growth has been both less inclusive and less pro-poor. Our analysis suggests a number of policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to increase spending on health, education, and social safetynets; labor market reforms to boost the labor share of total income; and reforms to make financial systems more inclusive.
Author | : Sang-Hyop Lee |
Publisher | : |
Total Pages | : 20 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Fiscal Policy and Inclusive Growth in Latin America Book in PDF, ePub and Kindle
Author | : Juzhong Zhuang |
Publisher | : Anthem Press |
Total Pages | : 493 |
Release | : 2011-10-01 |
Genre | : Business & Economics |
ISBN | : 9780857288387 |
Download Poverty, Inequality, and Inclusive Growth in Asia Book in PDF, ePub and Kindle
While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.
Author | : Adam Triggs |
Publisher | : ANU Press |
Total Pages | : 313 |
Release | : 2020-08-13 |
Genre | : Business & Economics |
ISBN | : 1760463825 |
Download Achieving Inclusive Growth in the Asia Pacific Book in PDF, ePub and Kindle
The world’s developed economies are experiencing a sharp backlash against globalisation, and it appears to be contagious. Will Asia catch it next? Asia has seen spectacular growth in recent decades. It has benefited substantially from global trade, finance, openness and the rules-based international order. But much of the growth Asia has enjoyed has not been shared. It has not been inclusive growth. Inequality in Asia is among the highest in the world. The richest man in Vietnam now earns more in a single day than the poorest person does in a decade. Asia has far to go in making its societies more inclusive to women, ethnic minorities and the LGBT community. How can Asia reduce inequality? What are the forces that determine whether growth in the Asia Pacific is inclusive or not? And what can be done to make Asia’s growth more inclusive in the future? This book brings together the region’s leading thinkers to explore how to change Asia’s trajectory, before it is too late. The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 238 |
Release | : 2019-06-13 |
Genre | : |
ISBN | : 9264897909 |
Download OECD Fiscal Federalism Studies Fiscal Decentralisation and Inclusive Growth in Asia Book in PDF, ePub and Kindle
This report looks at the challenges faced by Asian countries in addressing inclusive growth and fiscal decentralisation. A series of studies examines how policies in the region have evolved in accordance with changes in demography and the economic environment, reflecting country characteristics, history and political economy forces.
Author | : Seok-Kyun Hur |
Publisher | : |
Total Pages | : 46 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Government Spending and Inclusive Growth in Developing Asia Book in PDF, ePub and Kindle
This paper assesses the effects of fiscal policy on both equity and growth, specifically whether it is possible to design fiscal spending so that it enhances equity without sacrificing economic growth and vice versa. A cross-country panel vector autoregression (PVAR) using the World Development Indicators confirms the growth effects of individual fiscal spending items as anticipated whereas distributional effects were either temporarily positive or negligible for most fiscal items. However, compared with Organisation for Economic Co-operation and Development members, spending on public health and public education appeared to alleviate income inequality significantly in the Asian Development Bank members. This implies that fiscal expenditure policies may contribute more to inclusive growth in developing economies than in advanced ones.