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Emerging from the shock of the COVID-19 pandemic, the global economy has been shaken yet again, this time by geopolitical events that threaten to set back the nascent post-COVID-19 economic recovery,…

Photo credit: Shutterstock/Przemyslaw Skibinski Blog

The Pacific Small Island Developing States (PSIDS) are among the most vulnerable countries in the world to the impacts of climate change. The World Risk Index 2021 ranks several Pacific Island…

Shutterstock/TZIDO SUN Blog

Economic and non-economic shocks such as financial crises, natural disasters, and pandemics leave behind permanent scars in economies and societies and result in major setbacks to development gains…

ESCAP Photo/ Kibae Park Blog

Asia and the Pacific is lauded globally for its rapid economic growth over recent decades and has lifted 1.1 billion people out of extreme poverty since 1990. Nevertheless, the region continues to…

iStock-929499172 Blog

Fiscal policy – the use of government spending and taxation – is a prominent policy tool for national development. Since the 1980s, its role somewhat diminished as laissez-faire, an approach of…