‡‡Asian development outlook 2014: fiscal policy for inclusive growth

This 2014 edition of Asian Development Outlook focuses on the role of fiscal policy in reversing widening inequality in developing Asia. It warns that the emerging demographic & environmental challenges are expected to compete for public resources and governments will need to explore options for mobilizing more revenue as they build equity objectives into their fiscal plans.

This 2014 edition of the annual Asian Development Outlook ‡ provides a comprehensive analysis of economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia.

It recognizes that, as emerging demographic and environmental challenges are expected to compete for public resources in the years ahead, regional governments will need to explore options for mobilizing more revenue as they build equity objectives into their fiscal plans.

related content
 

 

The annual Asian Development Outlook provides a comprehensive analysis of economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. In 2014 and 2015, developing Asia is seen to chart a steady growth path as the slowing effect of moderating growth in the People’s Republic of China counterbalances improved demand for Asian exports expected from the major industrial economies as growth there gains traction. Despite accommodative monetary policy in the advanced economies, the growth outlook is vulnerable to volatility in financial markets that could arise from the monetary policy shift in the United States. This edition takes a close look at the role of fiscal policy in reversing widening inequality in developing Asia. It ‡recognizes that, as emerging demographic and environmental challenges are expected to compete for public resources in the years ahead, regional governments will need to explore options for mobilizing more revenue as they build equity objectives into their fiscal plans.

blog comments powered by Disqus