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Fiscal Policy and Macroeconomic Stability
The paper revisits the link between fiscal policy and macroeconomic stability. Two salient features of our analysis are (1) a systematic test for the government’s ambivalent role as a shock absorber and a shock inducer—removing a downward bias present in existing estimates of the impact of automatic stabilizers—and (2) a broad sample of advanced and emerging market economies. Results provide strong support for the view that fiscal stabilization operates mainly through automatic stabilizers. Also, the destabilizing impact of policy changes not systematically related to the business cycle may not be as robust as suggested in the literature.
Promoting Innovation and Inclusion for a Prosperous Asia
Partnering with the Korea Development Institute, the Asian Development Bank (ADB) held the forum on 20-21 November 2014 at Seoul, Republic of Korea. The forum featured research papers that tackled issues on globalization and regional integration, innovation, middle-income trap, inclusive growth and social protection, and poverty and inequality. This publication documents the dynamic exchange of ideas and information during the 2-day event.The ADB-Asian Think Tank Development Forum is an annual knowledge sharing event under the ADB-Asian Think Tank Network (ATTN), established by ADB and the Asian think tanks in 2013. The major objective of the network is to promote knowledge sharing and capacity building of the think tanks, particularly those which are involved in supporting governments in formulating and implementing medium- or long-term development plans and in responding to emerging issues. For more information about ATTN, please visit its website: http://www.adb-asianthinktanks.org/
Corona and Work around the Globe
This book provides a global perspective on the transformations in the world of work caused by the COVID-19 pandemic. The collection of essays will break down the general statistics and trends into glimpses of concrete experiences of workers during pandemic, of workplaces transformed or destroyed, of workers protesting against political measures, of professions particularly exposed to the coronavirus, and also of the changing nature of some professions.
20 Years of G20
The book discusses contemporary issues such as global financial architecture and regulatory practices, trade, investment and the multilateral process, the future of work, the role of technology for adaptation and mitigation of climate change, and financing infrastructure for sustainable development. With increasing global connectivity, events in one part of the world immediately affect or spread to the other parts. In this context, G20 has proved to be an effective forum, particularly after the Asian financial crises. Furthermore, over recent decades, G20 has been instrumental in managing financial crises and international conflicts by deploying global cooperation as a functional tool. As a ...
Harnessing Technology for Inclusive Prosperity
Transformative new technologies are reshaping economies and societies. But as they create new opportunities, they also pose new challenges, not least of which is rising inequality. Increased disparities and related anxieties are stoking societal discontent and political ferment. Harnessing technological transformation in ways that foster its benefits, contain risks, and build inclusive prosperity is a major public policy challenge of our time and one that motivates this book. In what ways are the new technologies altering markets, business models, work, and, in turn, economic growth and income distribution? How are they affecting inequality within advanced and emerging economies and the prospects for economic convergence between them? What are the implications for public policy? What new thinking and adaptations are needed to realign institutions and policies, at national and global levels, with the new dynamics of the digital era? This book addresses these questions. It seeks to promote ideas and actions to manage digital transformation and the latest advances in artificial intelligence with foresight and purpose to shape a more prosperous and inclusive future.
Emerging Business Trends and Management Practices
This book explores the dramatic changes that have occurred in the business environment due in part to the phenomenal impact on societies and economies around the globe that resulted from the COVID-19 pandemic. It presents emerging trends, strategies, management practices, opportunities, and challenges faced by business leaders, managers, and administrators. The volume touches on myriad issues, including the effects of lockdowns and restrictions, psychosocial effects of COVID-19 in the workplace, maintaining work-life balance, entrepreneurship during the pandemic, supply chain management, new communication and management strategies, consumer behavior, Zoom fatigue, changes in the health insurance industry, and more. The topics and concepts addressed in on the impact of pandemic will provide insight for academicians, entrepreneurs, and those in business, marketing, and psychology.
New India
New India: Reclaiming the Lost Glory offers a persuasive and data-driven roadmap for India to eliminate abject poverty, accelerate economic growth, and return to a prominent position in the global economy. Outlining a concise strategy to transform India from a primarily rural and agricultural economy to an urban and industrial economy, Arvind Panagariya highlights the importance of creating good jobs for workers with limited skills by encouraging medium andlarge firms in labor-intensive sectors.
