Environmental, social, and governance (ESG) considerations are becoming increasingly vital in corporate decision-making, especially for global companies, and in evaluating corporate performance and investments. This study examines the ESG tendencies of the companies with the largest market...

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of East Asia and the Pacific. Macroeconomic indicators such as population, gross domestic product and gross domestic...

This report contributes to sustainable recognition and formalization of all types of tenure (private, communal, and public) within forestlands by gathering emerging global knowledge and good practices on the topic. The aim is to guide decision-makers, practitioners, and other stakeholders...

People in East Asia and Pacific (EAP) countries have prospered over the last few decades because of the growth in productive jobs. Do industrial robots, artificial intelligence (AI), and digital platforms threaten that development model? "Future Jobs" presents evidence that new technologies have...

The East Asia and Pacific region is helping the world decarbonize and is encouraging the domestic adoption of renewables. But there is an imbalance: while the region's innovation and investment improve global access to green technologies, its own emissions continue to grow because of the...

Given the rising levels of carbon emissions, governments in the East Asia region are exploring effective decarbonization policies. This study examines the socio-economic and environmental implications of these policies using a computable general equilibrium model that captures the closed...

This report is the first to systematically address the complex challenge of industrial decarbonization in East Asia, one of the world's most dynamic economic areas. Drawing on original data and in-depth assessments of three key economies - China, Indonesia, and Viet Nam, the report identifies...

This overview lays out pathways to decarbonize the power and industrial sectors of the East Asia region, sectors that together constitute an overwhelming majority of the greenhouse gas emissions (GHG) emanating from these countries. With a specific focus on China, Indonesia, and Viet Nam, which...

This paper draws a concise overview of the economic relationship between the European Union (EU) and selected Asian regions in the context of the twin transition - green and digital. A series of significant initiatives adopted in recent years to consolidate the cooperation with these regions are...

This study examines recent changes in international production networks facing various risks. We primarily investigate how import sources of the European Union (EU) countries in machinery industries have changed from the pre-pandemic to the post-pandemic period using monthly and annual...

East Asia and the Pacific remains one of the most dynamic regions in the world. Yet, when measured against its own past performance and potential, the region has under-performed. Growth in most economies - and even output in several Pacific Island economies - has not returned to pre-pandemic...

This study examines family control's direct and indirect impacts (mediated by opacity) on crash risk in East Asian firms. We hypothesize that family control can mitigate agency problems of bad news hoarding due to increasing firm opaqueness. We chose six East Asia countries as the research...

In light of recent pronouncements of tariff hikes in the United States (US) and the retaliatory responses of major economies such as China, Canada, and Mexico, this paper revisits the global value chains (GVC) experience of the Philippines amid the trade tensions between China and the US from...

We estimate network spillovers across East Asian equity markets based on data on index returns to locate markets where equity shocks arise and where they impact. Focussed upon the context of the 1997 East Asian market crisis, our analysis explains why some markets were affected more than others....

This study evaluates the effectiveness of the Chiang Mai Initiative Multilateralization (CMIM) in safeguarding financial stability among members of the Association of Southeast Asian Nations (ASEAN) plus Japan, the People's Republic of China, and the Republic of Korea-particularly in response to...

This paper investigates the impact of different varieties of capitalism (VoC) on societal happiness. It begins with a critique of Neoclassical welfare economics which emphasizes Pareto optimality, and it argues for focusing on reported societal happiness. The paper identifies five VoC. Using a...

Over the last half century East Asia has become the global economy's manufacturing hub. Powerful trends have made a military conflict in East Asia, especially over Taiwan, more likely since 2016. The most important of these are China's rapid military modernisation and increasing number of...

Inspired by Confucianism, Daoism, and Buddhism, many East Asian ethical leaders have aspired to emulate seemingly unattainable sages and buddhas throughout history. This aspiration challenges the common psychological view that significant gaps between role models and actual selves might hinder...

Against the backdrop of the Russia-Ukraine (R-U) conflict, this paper investigates the convergence process of the bond market in East Asia from 2010 to 2024, focusing on the impact of the R-U crisis on bond yield convergence. Our findings show convergence toward both benchmarks, with an...

Competition increases productivity boosting innovation and economic growth. Competition fosters cost reductions, innovation and promotes productivity growth. This paper reviews global and regional trends on conglomeration in digital markets, especially through mergers and acquisitions. In recent...

East Asia is undergoing a rapid demographic transition and "super" aging. As a result of steadily decreasing fertility and increasing life expectancy, older people's proportion of the population and the old-age dependency ratio is rising across all countries in East Asia, particularly in the...

This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Sub-Saharan Africa region. Macroeconomic indicators such as population, gross domestic product, and gross...