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Chatterjee discusses India’s economic strengths and weaknesses and its progress towards inclusive growth by providing an overview of the Indian economy, its future challenges and current policy strategies. Chatterjee’s overview of the economy touches on its historical, geographical and socio-political context. Considering the factors that contribute to its current growth such as India’s low dependency ratio, vast internal market and growing private sector and entrepreneurial class, he argues that inclusive growth rests amongst others on agricultural transformation and targeted policies that address the needs of medium, small and microenterprises (MSMEs) which dominate industry and cons...
Despite Asia’s rapid growth, vast sections of its population still live in poverty and suffer hunger and other forms of deprivation. Merely relying on Asia’s growth will not help the deprived see a better future in their lifetimes. Ways must be found to make growth more inclusive combined with proactive public action to bring substantial improvements in the lives of Asia’s deprived people. This book is written by a set of experts who have been working long on reducing various aspects of human deprivations in Asia. It begins with a discussion of the massive dimensions of deprivations that continue to exist in Asia. Although many countries have adopted inclusive growth strategies to enab...
Most countries, developed and developing, are fiscally decentralized with regional and local governments of varying importance. In many of these countries, some of these sub-national governments differ substantially from others in terms of wealth, ethnic, religious, or linguistic composition. This book considers how fiscal arrangements may strengthen or weaken national solidarity and the effectiveness with which public services are provided. In particular, the nation's ability to cope with changes created by decentralization is explored.
Providing an authoritative yet accessible introduction to the Asian Development Bank (ADB), this comprehensive Companion offers a detailed examination of the ADB’s objectives, policies, development outcomes, strengths and weaknesses, areas for reform, and challenges going forward.
The measurement of willingness to pay for electricity relies critically on a reliable estimate of the demand for electricity function. Empirical work tends to assume that the demand for electricity has no satiation point. Many electricity demand models assume a constant price elasticity, which implies infinite demand at low prices. This report proposes a plausible functional form for the demand of electricity. The proposed functional form is consistent with two properties of electricity demand functions for households & firms, namely, the negative relationships between price & quantity, & the finiteness of demand at zero price. The report also demonstrates that this functional form of the demand function leads to easily estimable economic benefits of electricity.
This joint publication from the Asian Development Bank and the Asian Development Bank Institute features selected papers from the September 2009 conference on the social and environmental impact of the global economic crisis on Asia and the Pacific, especially on the poor and vulnerable. The publication is designed with the needs of policy makers in mind, utilizing field, country, and thematic background studies to cover a large number of countries and cases. This publication suggests that the crisis is an opportunity to rethink the model of development in Asia for growth to become more inclusive and sustainable. Issues that need to be more carefully considered include: closing the gap of dualistic labor markets, building up social protection systems, rationalizing social expenditures, addressing urban poverty through slum upgrading, promoting rural development through food security programs in pro-poor growth potential areas, and concentrating climate change interventions on generating direct benefits for the environments of the poor.
Infrastructure drives economic growth and sustainable development by facilitating productivity, attracting foreign investment, promoting industrialisation, reducing poverty, improving standards of living, and enhancing human development. Thus, the development of project-oriented frameworks/institutions that offer long-term infrastructure financing has been identified as a core and guaranteed way to maximise economic growth and development, especially for developing regions like Africa. Project finance has a critical role in infrastructure development. This book examines the project finance ecosystem, methods, analysis, and key-related risks. Its unique contribution to the literature is its f...
This book examines all major facets of the Philippine economy and development policy. Contributors to this volume look both to the past and to the future, and their approaches are variously descriptive, analytical, interpretive, and comparative. The book assesses trends since the 1980s, identifies major policy issues, and provides a balance sheet of achievements and deficiencies over the past decade and beyond. It highlights future challenges that need to be addressed if the country is to embark on a sustainable, durable, and equitable growth trajectory. The book also offers lessons from the country's development experience which may be relevant for many countries at the present time. The volume has particular relevance for the country's policymakers, academics and the business community, and will also appeal to a broader international audience.
India is the fastest growing and the world’s third-largest economy in terms of GDP in PPP terms. Sustainable development of India will ensure the welfare of the inhabitants of this most populated country. This book assesses trends of natural capital and areas of improvement through climate resilient agricultural adaptation in India. The book looks at how the agricultural sector can become more climate resilient to ensure food security and human capital development. It also suggests a policy framework towards climate-resilient agricultural development. It outlines determinants of climate-smart agricultural practices and their impact on agricultural yield, biodiversity, and food security, and as well as outreach activities for wider collaboration from around the world. This book will interest those who are researching accounting natural capital impacts of climate-resilient agriculture and 2030 SDGs.
Papua New Guinea is going through a crisis: A concentration on conventional approaches to development, including an unsustainable reliance on mining, forestry, and foreign aid, has contributed to the country’s slow decline since independence in 1975. Sustainable Communities, Sustainable Development attempts to address problems and gaps in the literature on development and develop a new qualitative conception of community sustainability informed by substantial and innovative research in Papua New Guinea. In this context, sustainability is conceived in terms that include not just practices tied to economic development. It also informs questions of wellbeing and social integration, community-...