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Global Business and Finance Magazine > Blog
Economy

From Roads to Riches: Economic Corridors Can Supercharge South Asia

Economic corridor development in South Asia enhances trade, industrialization, and connectivity while addressing infrastructure gaps and business constraints. By creating jobs, promoting regional integration, and improving manufacturing competitiveness, corridors contribute to sustainable economic growth and poverty reduction. Economic corridors are drivers of economic growth and structural transformation and are integral to the pursuit of regional […]

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Economy

The Association of Southeast Asian Nations should leverage trade, tourism, and digitalization to foster economic resilience and sustainable growth amid global economic uncertainty.

There is a growing sense that the global economy is moving towards a more competitive era as countries are reshoring. Many are bringing their supply chains back home to reduce risks from disruptions. Others are deploying tariffs and other barriers to advance their domestic agenda.  Issues around climate change and rivalry around frontier technology (artificial […]

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Uncategorized poverty

Help Wanted: Better Jobs Amid Megatrends

Evolving megatrends like demographic shifts, climate change, and technological advances are prompting new thinking around how to unlock labor productivity. Their impacts on labor markets will depend on the policy choices governments make. Megatrends like demographic shifts, technological advances, and climate change are transforming labor markets across Asia and the Pacific, and beyond. This is […]

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Climate

Transport: The Missing Piece in Achieving the SDGs

Asia and the Pacific is a global leader in electric mobility and energy-efficient transport, with significant progress in railway electrification and emissions reduction. However, these advancements remain untracked in relation to the Sustainable Development Goals. These charts illustrate why that matters. Despite decades of recognizing the crucial role of transport in sustainable development, the 2015 […]

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Uncategorized

How Innovative Insurance Products Can Bridge the Climate Insurance Gap

Asia and the Pacific urgently needs to close the climate-related insurance gap. Solutions like green bonds, parametric insurance, and adaptation financing emphasize partnerships, nature-based investments, and tech-driven risk assessments to boost resilience. Insurance coverage in Asia and the Pacific is facing a growing gap between the losses caused by climate-related disasters and the amount of […]

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Productivity Featured Innovation News

Technology spillovers, diffusion, and rivalry in firm networks

Quantifying technology adoption, spillovers, and diffusion across firms is crucial for understanding industry dynamics, and in turn countries’ growth. This column combines firm-level input-output VAT data from Turkey with other data to identify the channels of technology spillovers and diffusion. The authors find a positive effect of robot adoption by one firm on vertically connected […]

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Technology Economy Featured Social Security

The role of personality traits in shaping economic returns amid technological change

Rapid advancements in artificial intelligence and other technologies are reshaping labour markets and challenging long-held beliefs about the skills and character traits that drive success. This column investigates the personalities best suited to different occupations, and the resulting implications for organisational strategy. The findings suggest that intellectual tenacity – the ability to persist through challenges […]

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Environment Climate Featured Lifestyle

Balancing ocean health and economic growth: The role of sustainability metrics in the EU

The EU’s Blue Growth Strategy emphasises leadership in blue energy and progress in sectors such as aquaculture and blue biotechnology. However, challenges remain in accounting for marine ecosystem contributions and assessing the degree of inclusive blue growth. This column distinguishes between weak sustainability, which allows for trade-offs between dimensions of blue growth, and strong sustainability, […]

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Economy Featured Politics Social Security

Why the 2024 US election, and so many others, were so hard to predict

Despite claims in the past that demographic trends would lead to either the Republican or the Democratic party dominating politics, US presidential elections continue to be close contests. Using data covering 1952 to 2020, this column argues that forecasts based on accurate projections of demographic trends would have predicted elections less accurately than a coin […]

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Climate Economy Environment Featured

Weather-related losses, firms’ fixed asset management, and the role of government support

Natural disasters not only cause damage to public infrastructure and personal property but also impact businesses by destroying warehouses, facilities, manufacturing equipment, and factories. However, evidence regarding how climate risks affect firms’ fixed asset management is lacking. This column uses unique firm-level data on extreme weather losses in 40 countries to show that firms are […]

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