Growth in the world’s most economically dynamic region is threatened by debt, energy costs and protectionism, but it can be maintained through better government policies, especially on taxation, plus coordination with the private sector and between regional governments.
Shamshad Akhtar applauds the endorsement of a new global development agenda, which the region has a responsibility to turn into reality
Asia-Pacific countries continue to drive the global economy, though regional growth is now in a challenging phase. The 2014 Economic and Social Survey of Asia and the Pacific forecasts a third successive year of growth below 6 per cent in Asia-Pacific developing economies.