1945

The year 2016 represents a historic milestone in global development policymaking as it marks the beginning of the 2030 Agenda for Sustainable Development which, with its 17 Sustainable Development Goals and many targets, provides a comprehensive and universal framework for development policy over the coming 15 years. This is also an opportune time to rethink the region’s development strategy, its overreliance on exports destined for developed economies and more recently the extent of the sharp increase in private sector debt leverage. With the centre of economic gravity continuing to move eastwards, it is time for the Asia-Pacific region to adopt a development model that relies more on domestic and regional demand that, among other things, nurtures inclusiveness, equality and social stability.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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