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Closing Development Gaps: Challenges and Policy Options. Asian Development Review, Vol. 27(2), pp. 1-28

dc.contributor.authorDouglas H. Brooks
dc.contributor.authorRana Hasan
dc.contributor.authorJong-Wha Lee
dc.contributor.authorHyun H. Son
dc.contributor.authorJuzhong Zhuang
dc.description.abstractThere are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment and entrepreneurship by investing in human capital and infrastructure; developing the financial sector; improving governance; and eliminating other impediments created by market, institutional, or policy failures. Policy makers should improve access to and quality of health, education, and other social services. This means better targeting and increased public spending on social services that directly benefit the poor; innovative delivery mechanisms informed by rigorous evaluation; and social protection systems. The experience of developing Asia and others has shown that external trade and finance—including foreign direct investment, remittances, and aid—play a critical role. It is therefore imperative that governments continue to promote globalization and regional integration.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleClosing Development Gaps: Challenges and Policy Options. Asian Development Review, Vol. 27(2), pp. 1-28
dc.subject.adbEconomic Development
dc.subject.adbRegional Integration
dc.subject.adbEconomic Evaluation
dc.subject.adbHuman Capital
dc.title.seriesAsian Development Review
dc.title.volumeVolume 27, Number 2, pp. 1-28
dc.contributor.imprintAsian Development Bank
oar.themeLabor Migration
oar.authorBrooks, Douglas H.
oar.authorHasan, Rana
oar.authorLee, Jong-Wha
oar.authorSon, Hyun H.
oar.authorZhuang, Juzhong

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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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