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Mobilizing finance for sustained, inclusive and sustainable economic growth

There are numerous policy actions that developing Asia-Pacific countries can undertake to achieve sustained, inclusive and sustainable economic growth. Examples of some suggested policy actions range from increasing fiscal spending to lift productivity growth and reduce inequalities to introducing measures aimed at addressing environmental degradation, natural disasters and climate change. A key consideration is how to mobilize financing, whether from the public and private sectors or domestic and external sources, to effectively pursue sustainable development. The challenge seems daunting. Past spending and allocation of available resources has not been adequate, while future requirements are likely to be even greater. In this chapter it is argued that, to meet the financing challenges, countries will need to not only channel existing financial resources towards sustainable development but also come up with additional financial means.

Related Subject(s): Economic and Social Development
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