This report documents the increase in labor migration in Asia and looks a t how finance and technology can aid its positive impact on home countries. As diasporas increase, governments have reached out to citizens abroad to provide them with financial instruments. Remittance channels have long been consolidated, but financial technology is changing the ways in which migrants remit—reducing fees and ...

This report is a summary of the major policy issues raised at discussions among experts and practitioners from various international organizations and several Asian countries at the Third Roundtable on Labor Migration: Assessing Labor Market Requirements for Foreign Workers and Policies for Regional Skills Mobility, which was co-organized by the Asian Development Bank Institute, the Organisation for ...

The recently agreed Sustainable Development Goals (SDGs) are expected to guide development through the 2030 time horizon. The 17 SDGs cover many areas, such as poverty, health, sustainable development, and the environment. Given that trade is not an end in itself, there is no specific SDG goal for trade, but it is recognized as an important means of implementation. The objective of this book is to ...

This book investigates long-term development issues for members of the Association of Southeast Asian Nations (ASEAN). It finds that with a proper policy mix including domestic structural reforms and bold initiatives for regional integration, by 2030 ASEAN has the potential to reach the average quality of life enjoyed today in advanced economies and fulfill its aspirations to become a resilient, ...

The services economy is on the rise all around the world, and services now comprise the largest share of economic activity and employment in almost every country. Yet, the services economy remains relatively understudied. This book presents the latest evidence demonstrating how technologies and globalization have transformed the services industry. Services are becoming increasingly tradable under ...

Asia’s economic success over the past four decades has been built on a strategy of export promotion coupled with trade opening. Poverty rates throughout the region have fallen dramatically, especially in countries that have succeeded in integrating into regional or global value chains. However, this economic success has been accompanied by structural changes, such as the need for workers to change ...

This report analyzes labor migration trends in Asia and puts them in the context of demographic and policy trends. It provides an overview of the population trends in different Asian countries and looks at policy settings in several sending and destination countries of labor migrants. It examines different approaches to effective labor migration management, including the imposition and regulation ...

Income inequality is one of the most profound social, economic, and political challenges of our time. The gap between the rich and the poor has been regarded as a major concern for policy makers. This gap is at its highest level in decades for developed economies, while the inequality trend has been rising in many developing countries. In Asia, despite recent economic growth, income distribution has ...

As a consequence of the rapid economic growth in recent decades, Asia and the Pacific have experienced an impressive reduction in extreme poverty, when measured at the conventional $1.25/day/person poverty line. Whereas in 1981, 1.59 billion Asians were poor (corresponding to a poverty rate of 69.8 percent), in 1990 the number of poor in Asia had fallen to 1.48 billion (a 54.7 percent poverty rate). ...

As a consequence of the rapid economic growth in recent decades, Asia and the Pacific have experienced an impressive reduction in extreme poverty, when measured at the conventional $1.25/day/person poverty line. Whereas in 1981, 1.59 billion Asians were poor (corresponding to a poverty rate of 69.8 percent), in 1990 the number of poor in Asia had fallen to 1.48 billion (a 54.7 percent poverty rate). ...