IDEAS home Printed from https://ideas.repec.org/a/unt/japsdj/v29y2022i1p17-41.html
   My bibliography  Save this article

A Framework For Inclusive And Sustainable Growth In Asia And The Pacific

Author

Listed:
  • Valerie Cerra

    (International Monetary Fund)

Abstract

The Asia-Pacific region faces extraordinary challenges due to economic and social disparities, made worse by the COVID-19 pandemic and rising vulnerabilities caused by climate change. Addressing these challenges will require a holistic and unified plan of action for combatting these economic and social disparities. The present paper serves to outline a comprehensive and integrated inclusive growth framework and apply it to the Asia-Pacific region. It also contains a discussion of policy options for achieving inclusive and sustainable growth.

Suggested Citation

  • Valerie Cerra, 2022. "A Framework For Inclusive And Sustainable Growth In Asia And The Pacific," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 29(1), pages 17-41, May.
    • Handle: RePEc:unt:japsdj:v:29:y:2022:i:1:p:17-41
    as

    Download full text from publisher

    File URL: https://www.unescap.org/sites/default/d8files/2022-06/APSDJ%20Vol.%2029%2C%20No.%201%2C%20May%202022-pp17-41_Rev.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ms. Asmaa A ElGanainy & Ernst Ekkehard & Rossana Merola & Richard Rogerson & Mr. Martin Schindler, 2021. "Inclusivity in the Labor Market," IMF Working Papers 2021/141, International Monetary Fund.
    2. Sandra E. Black & Elizabeth Brainerd, 2004. "Importing Equality? The Impact of Globalization on Gender Discrimination," ILR Review, Cornell University, ILR School, vol. 57(4), pages 540-559, July.
    3. Christina D. Romer & David Romer, 1999. "Monetary policy and the well-being of the poor," Economic Review, Federal Reserve Bank of Kansas City, vol. 84(Q I), pages 21-49.
    4. Valerie Cerra & Sweta Chaman Saxena, 2008. "Growth Dynamics: The Myth of Economic Recovery," American Economic Review, American Economic Association, vol. 98(1), pages 439-457, March.
    5. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    6. Bergstrom,Katy Ann, 2020. "The Role of Inequality for Poverty Reduction," Policy Research Working Paper Series 9409, The World Bank.
    7. Mr. Benedicte Baduel & Asel Isakova & Anna Ter-Martirosyan, 2021. "Generational Aspects of Inclusive Growth," IMF Working Papers 2021/072, International Monetary Fund.
    8. Ian W.H. Parry & Mr. Victor Mylonas & Nate Vernon-Lin, 2017. "Reforming Energy Policy in India: Assessing the Options," IMF Working Papers 2017/103, International Monetary Fund.
    9. Ruud A. de Mooij, 2020. "Tax Policy and Inclusive Growth," IMF Working Papers 2020/271, International Monetary Fund.
    10. Asel Isakova & Francesco Luna, 2021. "Gender Equality and Inclusive Growth," IMF Working Papers 2021/059, International Monetary Fund.
    11. Mr. Barry J. Eichengreen & Mr. Balazs Csonto & Ms. Asmaa A ElGanainy & Zsoka Koczan, 2021. "Financial Globalization and Inequality: Capital Flows as a Two-Edged Sword," IMF Working Papers 2021/004, International Monetary Fund.
    12. Pablo D. Fajgelbaum & Amit K. Khandelwal, 2016. "Measuring the Unequal Gains from Trade," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(3), pages 1113-1180.
    13. Valerie Cerra & Antonio Fatas & Sweta C Saxena, 2021. "Fighting the scarring effects of COVID-19 [Stagnation traps]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 459-466.
    14. Amar Bhattacharya & Maksym Ivanyna & William Oman & Nicholas Stern, 2021. "Climate Action to Unlock the Inclusive Growth Story of the 21st Century," IMF Working Papers 2021/147, International Monetary Fund.
    15. Daron Acemoglu & Pascual Restrepo, 2018. "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," American Economic Review, American Economic Association, vol. 108(6), pages 1488-1542, June.
    16. Mr. Simon Johnson & Ms. Priscilla S Muthoora, 2021. "The Political Economy of Inclusive Growth: A Review," IMF Working Papers 2021/082, International Monetary Fund.
    17. Mr. Hamid R Davoodi & Mr. Peter J Montiel & Anna Ter-Martirosyan, 2021. "Macroeconomic Stability and Inclusive Growth," IMF Working Papers 2021/081, International Monetary Fund.
    18. Maksym Ivanyna & Andrea Salerno, 2021. "Governance for Inclusive Growth," IMF Working Papers 2021/098, International Monetary Fund.
    19. Wolfgang F. Stolper & Paul A. Samuelson, 1941. "Protection and Real Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 9(1), pages 58-73.
    20. Mr. Adolfo Barajas & Thorsten Beck & Mohammed Belhaj & Sami Ben Naceur, 2020. "Financial Inclusion: What Have We Learned So Far? What Do We Have to Learn?," IMF Working Papers 2020/157, International Monetary Fund.
    21. Diego A. Cerdeiro & Andras Komaromi, 2021. "Trade and income in the long run: Are there really gains, and are they widely shared?," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 703-731, September.
    22. Younes Zouhar & Jon Jellema & Nora Lustig & Mohamed Trabelsi, 2021. "Public Expenditure and Inclusive Growth - A Survey," Commitment to Equity (CEQ) Working Paper Series 109, Tulane University, Department of Economics.
    23. Michael W. Klein & Christoph Moser & Dieter M. Urban, 2010. "The Contribution of Trade to Wage Inequality: The Role of Skill, Gender, and Nationality," NBER Working Papers 15985, National Bureau of Economic Research, Inc.
    24. Ms. Valerie Cerra, 2021. "Trade and Inclusive Growth," IMF Working Papers 2021/074, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ofori, Isaac & Asongu, Simplice, 2022. "Repackaging FDI for Inclusive Growth: Nullifying Effects and Policy Relevant Thresholds of Governance," MPRA Paper 119052, University Library of Munich, Germany.
    2. Katalin Bodnár & Zsolt Kovalszky & Emese Hudák, 2014. "Recovery from crises and lending," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 13(4), pages 57-85.
    3. Ma, Chang, 2020. "Financial stability, growth and macroprudential policy," Journal of International Economics, Elsevier, vol. 122(C).
    4. Oscar Molina Tejerina & Luis Castro Peñarrieta, 2020. "Unexplained Wage Gaps in the Tradable and Nontradable Sectors: Cross-Sectional Evidence by Gender in Bolivia," Investigación & Desarrollo, Universidad Privada Boliviana, vol. 20(1), pages 5-23.
    5. Ross Levine & Alexey Levkov & Yona Rubinstein, 2008. "Racial Discrimination and Competition," NBER Working Papers 14273, National Bureau of Economic Research, Inc.
    6. Levine, Oliver & Warusawitharana, Missaka, 2021. "Finance and productivity growth: Firm-level evidence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 91-107.
    7. T. Paul Schultz, 2006. "Does the Liberalization of Trade Advance Gender Equality in Schooling and Health?," Working Papers 935, Economic Growth Center, Yale University.
    8. Kirill Borusyak & Xavier Jaravel, 2018. "The Distributional Effects of Trade: Theory and Evidence from the United States," 2018 Meeting Papers 284, Society for Economic Dynamics.
    9. Altunbaş, Yener & Thornton, John, 2020. "Finance and income inequality revisited," Finance Research Letters, Elsevier, vol. 37(C).
    10. Costinot, Arnaud & Adao, Rodrigo & Carrillo, Paul & Donaldson, Dave & Pomeranz, Dina, 2020. "International Trade and Earnings Inequality: A New Factor Content Approach," CEPR Discussion Papers 15598, C.E.P.R. Discussion Papers.
    11. Kim, Hyoungjong & Rhee, Dong-Eun, 2022. "The effects of asset prices on income inequality: Redistribution policy does matter," Economic Modelling, Elsevier, vol. 113(C).
    12. Muendler, Marc-Andreas, 2017. "Trade, technology, and prosperity: An account of evidence from a labor-market perspective," WTO Staff Working Papers ERSD-2017-15, World Trade Organization (WTO), Economic Research and Statistics Division.
    13. Alessandro Bellocchi & Giovanni Marin & Giuseppe Travaglini, 2021. "The Great Fall of Labor Share:Micro Determinants for EU Countries Over 2011-2019," Working Papers 2102, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2021.
    14. Douglas Sutherland & Peter Hoeller, 2014. "Growth Policies and Macroeconomic Stability," OECD Economic Policy Papers 8, OECD Publishing.
    15. Boris Cournède & Oliver Denk & Peter Hoeller, 2015. "Finance and Inclusive Growth," OECD Economic Policy Papers 14, OECD Publishing.
    16. Ofori, Isaac K. & Asonngu, Simplice A., 2021. "Foreign Direct Investment, Governance and Inclusive Growth in Sub-Saharan Africa," MPRA Paper 108178, University Library of Munich, Germany.
    17. Robertson, Raymond & Lopez-Acevedo, Gladys & Savchenko, Yevgeniya, 2018. "Globalisation and the Gender Earnings Gap: Evidence from Sri Lanka and Cambodia 1992-2015," IZA Discussion Papers 11821, Institute of Labor Economics (IZA).
    18. Fabrizio Coricelli & Marco Frigerio, 2015. "The Credit-Output Relationship During the Recovery from Recession," Open Economies Review, Springer, vol. 26(3), pages 551-579, July.
    19. Julio Escolano & Anna Shabunina & Jaejoon Woo, 2017. "The Puzzle of Persistently Negative Interest‐Rate–Growth Differentials: Financial Repression or Income Catch‐Up?," Fiscal Studies, Institute for Fiscal Studies, vol. 38, pages 179-217, June.
    20. Queralto, Albert, 2020. "A model of slow recoveries from financial crises," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 1-25.

    More about this item

    Keywords

    inclusive growth; growth; inequality; poverty; well-being; policy framework; sustainable development;
    All these keywords.

    JEL classification:

    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unt:japsdj:v:29:y:2022:i:1:p:17-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Office of the Executive Secretary, ESCAP (email available below). General contact details of provider: https://edirc.repec.org/data/escapth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.