Economic and Social Survey of Asia and the Pacific 2013

Forward-Looking Macroeconomic Policies for Inclusive and Sustainable Development

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This document provides a review of the region’s performance in 2012 and its outlook in 2013, as it recovers from the global economic crisis and assesses the region’s policy response to remaining and emerging vulnerabilities. Areas of economic and social policy analysed include growth, inflation, trade and investment, financial markets, employment, migration and remittances. Key challenges ahead are addressed and policy responses recommended for countries in order to sustain their development. The document also addresses a thematic issue, discussing the current approach of macroeconomic policy making and critically assessing whether it has served development adequately.




The Economic and Social Survey of Asia and the Pacific monitors regional progress, providing cutting-edge analyses and guiding policy discussion on the current and emerging socioeconomic issues and development challenges in the region since 1947. Its 2009 edition argued that the global economic and financial crisis could be turned into an opportunity to jump-start a regional reorientation towards a more inclusive, equitable and sustainable development path. While many Asian and Pacific countries started to take steps towards that goal, the recovery of economic growth since 2010, even if it is below the pre-crisis period, may dampen the sense of urgency about the need to reorient the region’s development pattern.


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