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For the first time in history, remittances are expected to become the largest source of external financing for low- and middle-income countries worldwide. Remittances are expected to reach $550…

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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…

Three years of implementation of the transformative 2030 Agenda for Sustainable Development in Asia and the Pacific shows the region has some catching up to do.
Despite much progress, the…

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Economics is supposedly a hard-nosed academic profession, focused on understanding the mechanisms by which material wealth is created and enlarged to meet ever-growing demand. For a long time, the…

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Structural economic transformation and the expansion of international trade are among the most pressing issues to be addressed, if Asia’s landlocked developing countries (LLDCs) are to overcome the…

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Infrastructure development is undoubtedly critical for a country’s long-term economic growth and competitiveness as it impacts economic activities by increasing productivity, facilitating trade, and…