Posts By Véronique Salze-Lozac'h
March 5, 2014
A report from Oxfam released in late January put down on paper what many already feared was true: almost almost half of the world’s wealth is now owned by just one percent of the population. This is also the case in Asia, where income and wealth disparity is growing rapidly.
January 15, 2014
Despite the troubling political unrest and protests that continue to unfold across Asia in 2014, the New Year actually looks good for the region’s economies. Asia continues as one of the world’s fastest growing regions, projected to experience 5.25 percent growth in 2014…
January 8, 2014
As all eyes turn to Brazil for the World Cup this summer, and to India and Indonesia for two of the world’s largest democratic elections, 2014 may as well be called the “Year of the Middle-Income Country.” Last year saw several economies make steady gains, including powerhouse China…
May 15, 2013
The horrific collapse three weeks ago of an eight-story garment factory building in Savar, just outside of Bangladesh’s capital, Dhaka, took the lives of more than 1,100 people, and was followed just last week by a deadly fire in another garment factory that left at least eight dead. The tragedies have left a nation in mourning, shining a spotlight on the lack of safety for garment sector workers in Bangladesh. These incidents have drawn international attention on the urgent need for better working conditions for workers, starting with safer, more secure buildings.
April 17, 2013
Last week, the Asian Development Bank released its annual “Asian Development Outlook” report for 2013, with Asia’s success story of unprecedented growth in the last decades forecast to grow by 6.6 percent in 2013 and 6.7 percent in 2014.
January 30, 2013
From January 1 of this year, Thailand’s employers must pay all employees at least 300 baht (about $10) a day. If they don’t, they will face six months in jail and/or a 100,000 baht fine for not complying. The 300-baht minimum daily wage policy, the fulfillment of a 2011 election campaign pledge by the ruling Pheu Thai Party, has been piloted in seven provinces since May 1, 2012 (including Bangkok), with much debate and division among employers, labor unions, government ministries, and academics about the actual and perceived impact of the policy on the economy, productivity, small- and medium-sized enterprises (SMEs), and inequality.
January 9, 2013
Over the last several decades, Asia has become increasingly integrated with the rest of the world, its rapid development driven largely by exports to the United States and European Union. Yet, as the world’s main economic arteries shift eastward, intra-regional integration within Asia still lags behind.
November 28, 2012
While leaders from the Association of Southeast Asian Nations (ASEAN) met in Phnom Penh on November 18 for the 21st ASEAN Summit, concerns over the prospect of a unified ASEAN Economic Community (AEC) for 2015 spilled over into smaller discussions among the business…
February 8, 2012
Global economic recovery in 2012 remains tenuous, with the World Bank recently downgrading its forecast for this year’s global growth from 3.6 percent to 2.5 percent. This slide in expectations and persistently high unemployment rates in many countries has sparked a resurgence of protectionist tendencies toward trade. These tendencies are couched in the language of “bringing jobs back,” while tariffs are euphemistically coined as “flexibility” needed to protect domestic producers. South Asia has suffered for decades from a low level of intraregional cooperation, both politically and economically.
January 25, 2012
From January 25-29, the world’s most powerful leaders from the public and private sectors gather in the Swiss town of Davos to try to agree on measures that will eventually impact billions of people across the world. The event is being held against an unprecedentedly gloomy global economic picture. The World Bank
recently reported that the world economy will grow by only 2.5 percent in 2012, far below initial estimates of 3.6 percent. In Europe, leaders have yet to come up with a comprehensive solution to the eurozone crisis.