Posts By Véronique Salze-Lozac'h
January 7, 2015
2014 will be remembered as the year when China became the world’s biggest economy in purchasing power parity (PPP) terms, overtaking the United States for the first time in history. This move, which did not come as a surprise, is the sign of a superpower transition…
November 12, 2014
This year’s Asia-Pacific Economic Cooperation (APEC) Forum in Beijing kicked off Nov. 7-8 with the 26th Ministerial Meeting, which focused on three priority areas: advancing regional economic integration, promoting economic growth, and strengthening connectivity and infrastructure development. In its joint ministerial statement, the group endorsed the “APEC Strategic Blueprint for Promoting Global Value Chain Development and Cooperation” as a mechanism to strengthen mutual economic cooperation within the global value chain network.
June 18, 2014
Today about six out of 10 of the world’s poorest people are women. That means, of the estimated 1.5 billion people living in extreme poverty worldwide, 60-70 percent are girls and women. However, if girls and women account for a large percentage of the poor…
March 26, 2014
With the December 2015 target date for the economic integration of ASEAN fast approaching, last week ADB economist Jayant Menon echoed increasing skepticism as to whether the targets for integration could be met.
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.