Impact Of Covid 19 On Asian Economies And Policy Responses

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Impact Of Covid-19 On Asian Economies And Policy Responses

Author : Sumit Agarwal
Publisher : World Scientific
ISBN 13 : 9811229392
Total Pages : 193 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Impact Of Covid-19 On Asian Economies And Policy Responses by : Sumit Agarwal

Download or read book Impact Of Covid-19 On Asian Economies And Policy Responses written by Sumit Agarwal and published by World Scientific. This book was released on 2020-12-23 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: On March 12th 2020, World Health Organization (WHO) declared the spreading of the new virus, 2019-nCoV, a pandemic. In Asia, the virus, more commonly referred to as COVID-19, has been spreading since the end of December. To contain the public health threat, almost all countries enforced a variety of measures, including lockdowns, to minimize face-to-face human interactions between the infected and the susceptible.While these vigilant measures save lives, they also generate a substantial negative economic shock that immediately halts demand and significantly disrupts supply, global production value chain and trade. The consequences are dire — considerable decline in output, massive surge in unemployment, countless bankruptcy cases, and unrelentless worries over financial stability. The result, a worldwide economic setback, is more severe than that experienced during the Great Financial Crisis of 2008-2009.Asia's experiences with COVID-19 precede that in the West. This fortuitous timing allows Asia to share its learnings drawn from experiences to benefit the world.The Asian Bureau of Finance and Economic Research's (ABFER) community has gathered a collection of insights to inform the public. Besides providing access to research on the pandemic conducted in Asia, these commentaries offer comprehensive information on the effects of the pandemic, the effectiveness of measures employed to contain it and the subsequent economic impacts from such implementation. With granular analyses of government policies and their associated economic rescue packages, these commentaries elucidate the hard trade-offs between public health protection and economic security. Finally, the commentaries address the broader impact of the pandemic on international trade, global value chains and society.

Economic Policy and the Covid-19 Crisis

Author : Bernadette Andreosso-O'Callaghan
Publisher : Routledge
ISBN 13 : 1000461718
Total Pages : 214 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Economic Policy and the Covid-19 Crisis by : Bernadette Andreosso-O'Callaghan

Download or read book Economic Policy and the Covid-19 Crisis written by Bernadette Andreosso-O'Callaghan and published by Routledge. This book was released on 2021-09-28 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an assessment of the different monetary and fiscal policy responses that have been implemented by national governments in major European and Asian countries faced with the Covid-19 crisis since 2020; it also deals with the case of the US experience as a benchmarking example. The book provides a comprehensive cross-country comparative study on health crisis management at the macroeconomic level. Its focus on monetary and fiscal policies across different countries in Asia, Europe and the USA makes it unique. Divided into three parts following a general introduction that sets the context of the study, the book deals with the case of the USA, EU and European countries as well as with that of key Asian countries. Of specific relevance is the European Union and euro-area contexts that serve as a framework to the different EU national monetary and fiscal policy responses. Each chapter deals with a specific country, including Italy and the UK in Europe and Singapore and South Korea in Asia, and covers the following topics: the extent of the outbreak of the public health crisis and its macroeconomic impact; the comparative examination of fiscal and monetary policy responses to both crises; and an overall assessment of the effectiveness of these policies along with the public health policy to mitigate the economic impact. Given the unprecedented nature of the Covid-19 crisis, anyone eager to know more about its macroeconomic impact and ensuing policies in a comparative framework will be keen to read this book. It will be essential reading to any researcher, policy maker and/or analyst working in the area of public policy and is also a unique contribution to the field of European studies, Asian studies and Comparative Economic Studies.

Policy Actions for COVID-19 Economic Recovery

Author : Ramesh Subramaniam
Publisher : Asian Development Bank
ISBN 13 : 9292629263
Total Pages : 242 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Policy Actions for COVID-19 Economic Recovery by : Ramesh Subramaniam

Download or read book Policy Actions for COVID-19 Economic Recovery written by Ramesh Subramaniam and published by Asian Development Bank. This book was released on 2021-07-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Policy Actions for COVID-19 Economic Recovery (PACER) Dialogues were held from June to September 2020 as the coronavirus disease (COVID-19) pandemic accelerated around the world. They shared cutting-edge knowledge and best practices to help countries in Southeast Asia and the People's Republic of China strengthen cooperation to mitigate the devastating effects of COVID-19 and accelerate their economic recovery. This compendium of 13 policy briefs summarizes the discussions, recommendations, and actionable insights from the PACER Dialogues.

Covid-19's Economic Impact And Countermeasures In China

Author : Shi Yi Chen
Publisher : World Scientific
ISBN 13 : 9811252939
Total Pages : 518 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Covid-19's Economic Impact And Countermeasures In China by : Shi Yi Chen

Download or read book Covid-19's Economic Impact And Countermeasures In China written by Shi Yi Chen and published by World Scientific. This book was released on 2022-07-14 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book studies the impact of COVID-19 on the Chinese economy and the country's response to policies. It examines various aspects of national macroeconomic operations, industrial shocks, changes in financial markets, regional economic order, public governance challenges. It also analyzes changes in the world economy while integrating economic, financial, industrial, and environmental disciplines.At the macro level, the book emphasizes counter-cyclical responses, with an emphasis on comprehensive measures and precise efforts. It highlights differentiated development strategies for industries and promotes structural adjustment and supply-side reform. At the micro-level, the book emphasizes enterprises' resumption of work and production and supply chain management. The book promotes the concept of integration, stressing that China's economy was and is sufficiently resilient and the importance of maintaining and improving public confidence. At the same time, it attaches importance to prescribing the correct remedies for shortcomings, strengthening weaknesses, confronting the obstacles and difficulties in economic development, and restoring social order. The studies are not restricted to the facts but also focus on transforming and upgrading a modernized socialist economy and governance in the long term.

Covid-19 in Asia

Author : Victor V. Ramraj
Publisher : Oxford University Press, USA
ISBN 13 : 0197553834
Total Pages : 489 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis Covid-19 in Asia by : Victor V. Ramraj

Download or read book Covid-19 in Asia written by Victor V. Ramraj and published by Oxford University Press, USA. This book was released on 2021 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book for an extraordinary time, about a pandemic for which there is no modern precedent. It is an edited collection of original essays on Asia's legal and policy responses to the Covid-19 pandemic, which, in a matter of months, swept around the globe, infecting millions. It transformed daily life in almost every corner of the planet: lockdowns of cities and entire countries, physical distancing and quarantines, travel restrictions and border controls, movement-tracking technology, mandatory closures of all but essential services, economic devastation and mass unemployment, and government assistance programs on record-breaking scales. Yet a pandemic on this scale, under contemporary conditions of globalization, has left governments and their advisors scrambling to improvise solutions, often themselves unprecedented in modern times, such as the initial lockdown of Wuhan. This collection of essays analyzes law and policy responses across Asia, identifying cross-cutting themes and challenges. It taps the collective knowledge of an interdisciplinary team of sixty-one researchers both in the service of policy development, and with the goal of establishing a scholarly baseline for research after the storm has passed. The collection begins with an epidemiological overview and survey of the law and policy themes. The jurisdiction-specific case studies and cross-cutting thematic essays cover five topics: first wave containment measures; emergency powers; technology, science, and expertise; politics, religion, and governance; and economy, climate, and sustainability. Chapter 20: Cambodia: Public Health, Economic, and Political Dimensions by Ratana Ly, Vandanet Hing, & Kimsan Soy is available for free.

COVID-19 and the Finance Sector in Asia and the Pacific

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292693239
Total Pages : 118 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis COVID-19 and the Finance Sector in Asia and the Pacific by : Asian Development Bank

Download or read book COVID-19 and the Finance Sector in Asia and the Pacific written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guidance note examines the effects of the coronavirus disease (COVID-19) on real economies, particularly financial sectors, and the measures taken to ease the impact. It notes risks to financial stability, such as an anticipated rise in nonperforming assets. It also reviews short-term actions that can mitigate pressures on people, small and medium-sized enterprises (SMEs), banking and capital markets, and insurance and pensions. Lastly, it provides medium-term policy considerations for resilience in the post- COVID-19 period. These include establishing a framework for epidemic risk financing, buttressing financial stability and macroprudential measures, developing insurance markets for risk sharing and transfer solutions, improving SME financing, and fostering digital transformation in the finance sector.

The Impact of the Economic Crisis on East Asia

Author : Daigee Shaw
Publisher : Edward Elgar Publishing
ISBN 13 : 0857931709
Total Pages : 233 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis The Impact of the Economic Crisis on East Asia by : Daigee Shaw

Download or read book The Impact of the Economic Crisis on East Asia written by Daigee Shaw and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: This insightful book explores the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis. Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response over the past few years, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of the impacts of the crisis, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market. This insightful research monograph will be gratefully received by academics in economics and development studies as well as public policy think tanks. Government economic planning agencies in emerging countries, as well as international economic organizations and institutions such as World Bank and United Nations will also find plenty of key insights and important information in this path-breaking book.

Navigating COVID-19 in Asia and the Pacific

Author : Bambang Susantono
Publisher : Asian Development Bank
ISBN 13 : 9292623567
Total Pages : 324 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Navigating COVID-19 in Asia and the Pacific by : Bambang Susantono

Download or read book Navigating COVID-19 in Asia and the Pacific written by Bambang Susantono and published by Asian Development Bank. This book was released on 2020-09-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Coronavirus disease (COVID-19) has unleashed unparalleled challenges. At the same time, it offers a window to rethink Asia’s most fundamental development policies and strategies to address inequality, socioeconomic vulnerability, and environmental challenges. This publication gathers blogs and short policy pieces contributed by ADB staff and experts in an attempt to tackle immediate challenges and prepare for what may lie beyond the horizon. It covers a broad range of development challenges and highlights the crucial role of rapid adoption of digital technologies, adequate supply of quality infrastructure, disaster risk management, and strengthening regional cooperation for a resilient and sustainable future by shaping post-pandemic conditions.

COVID-19 in the Global South

Author : Carmody, Pádraig
Publisher : Policy Press
ISBN 13 : 1529215897
Total Pages : 218 pages
Book Rating : 4.5/5 (292 download)

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Book Synopsis COVID-19 in the Global South by : Carmody, Pádraig

Download or read book COVID-19 in the Global South written by Carmody, Pádraig and published by Policy Press. This book was released on 2020-10-21 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available Open Access under CC-BY-NC-ND licence. Bringing together a range of experts across various sectors, this important volume explores some of the key issues that have arisen in the Global South with the COVID-19 pandemic. Situating the worldwide health crisis within broader processes of globalisation, the book investigates implications for development and gender, as well as the effects on migration, climate change and economic inequality. Contributors consider how widespread and long-lasting responses to the pandemic should be, while paying particular attention to the accentuated risks faced by vulnerable populations. Providing answers that will be essential to development practitioners and policy makers, the book offers vital insights into how the impact of COVID-19 can be mitigated in some of the most challenging socio-economic contexts worldwide.

Policy Advice to Asia in the COVID-19 Era

Author : Changyong Rhee
Publisher : International Monetary Fund
ISBN 13 : 1513566598
Total Pages : 105 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Policy Advice to Asia in the COVID-19 Era by : Changyong Rhee

Download or read book Policy Advice to Asia in the COVID-19 Era written by Changyong Rhee and published by International Monetary Fund. This book was released on 2021-03-05 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.

Labor Migration in Asia Covid-19 Impacts, Challenges, and Policy Responses

Author : Asian Development Bank Institute
Publisher : OECD Publishing
ISBN 13 : 4899742568
Total Pages : 165 pages
Book Rating : 4.8/5 (997 download)

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Book Synopsis Labor Migration in Asia Covid-19 Impacts, Challenges, and Policy Responses by : Asian Development Bank Institute

Download or read book Labor Migration in Asia Covid-19 Impacts, Challenges, and Policy Responses written by Asian Development Bank Institute and published by OECD Publishing. This book was released on 2022-05-20 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Labor Migration in Asia: COVID-19 Impacts, Challenges, and Policy Responses analyzes labor migration trends in Asia and puts them in the context of economic and policy developments as well as the changes caused by the coronavirus disease (COVID-19) pandemic.

Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal

Author : Hooi Hooi Lean
Publisher : World Scientific
ISBN 13 : 9811228485
Total Pages : 283 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal by : Hooi Hooi Lean

Download or read book Revitalising Asean Economies In A Post-covid-19 World: Socioeconomic Issues In The New Normal written by Hooi Hooi Lean and published by World Scientific. This book was released on 2022-05-09 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: The novel coronavirus (COVID-19) pandemic was reported in China in December 2019, and later spread to other parts of the world. Countries in Southeast Asia were some of the first nations affected by the pandemic due to their geographical proximities and trade relations with China. In January 2020, the virus spread to some countries within the Association of Southeast Asian Nations (ASEAN). The number of confirmed cases kept increasing within ASEAN and other countries of the world. Consequently, countries in ASEAN introduced preventive and containment measures to cope with the pandemic, which include quarantines, lockdowns, restrictions of movements and large gatherings, as well as school and business closures.Beyond the efforts of preventing and containing the spread of the virus, ASEAN's most significant challenges are the social and economic crisis of historic proportions that are beginning to unfold. COVID-19 pandemic has brought interruptions in all sectors of ASEAN economies. It is, therefore, imperative to assess the extent to which the pandemic has impacted the social and economic aspects of the region. This book intends to highlight the social and economic impacts of the COVID-19 pandemic in ASEAN and suggest ways on how to mitigate them. It covers how the shocks from COVID-19 have impacted production, supply chains, demand, commodity prices, consumer behaviour, financial markets, employment, services, transportation and community, and the various policies that ASEAN authorities should put in place to mitigate the effects of the pandemic.

COVID-19 and informal workers in Asian cities

Author : Redento B. Recio
Publisher : Taylor & Francis
ISBN 13 : 1003804101
Total Pages : 139 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis COVID-19 and informal workers in Asian cities by : Redento B. Recio

Download or read book COVID-19 and informal workers in Asian cities written by Redento B. Recio and published by Taylor & Francis. This book was released on 2023-08-24 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: As COVID-19 took hold across local and international borders in 2020 and 2021, over 1.6 billion informal workers were estimated to have been adversely impacted by mobility restrictions and other 'lockdown' measures to tackle the coronavirus crisis. In the Global South, the pandemic has severely affected the sprawling megacities in Southeast and South Asia that have been driving urbanisation, and where there is a very high concentration of informal workers. This volume examines how informal workers were affected by the responses to the pandemic in five Asian megacities: Dhaka (Bangladesh), Hyderabad (India), Karachi (Pakistan), Jakarta (Indonesia), and Manila (Philippines). Gathering voices and experiences from across these subregions, this book engages with issues surrounding state measures to manage the COVID-19 pandemic. The chapters present the gaps and lessons learned in addressing the needs of informal workers. They also shed light on grassroots solidarity initiatives, civic practices, and social networks that have cushioned the devastating effects of the crisis. The book ends with a discussion on the implications of identified state measures and citizen-led responses for (post) pandemic planning and urban governance in Asian cities in an age of recovery.

COVID-19 and Labor Markets in Southeast Asia

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292692518
Total Pages : 202 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis COVID-19 and Labor Markets in Southeast Asia by : Asian Development Bank

Download or read book COVID-19 and Labor Markets in Southeast Asia written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the impacts of the coronavirus disease (COVID-19) pandemic on labor markets in Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. Labor markets in Southeast Asia were particularly hit hard in 2020, when government containment measures were most severe. COVID-19 has exacerbated growing inequalities in the region—hurting not just low-skilled workers but also middle-skilled workers whose jobs were already at risk from automation even before the pandemic. Large gaps in social protection coverage were also exposed. While the policy response has been significant, a narrowing fiscal space and the protracted nature of the pandemic still pose major challenges for recovery. The report aims to help policymakers identify priorities, constraints, and opportunities for developing effective labor market strategies for economic recovery and beyond.

The COVID-19 Pandemic, India and the World

Author : Rajib Bhattacharyya
Publisher : Taylor & Francis
ISBN 13 : 1000463044
Total Pages : 467 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The COVID-19 Pandemic, India and the World by : Rajib Bhattacharyya

Download or read book The COVID-19 Pandemic, India and the World written by Rajib Bhattacharyya and published by Taylor & Francis. This book was released on 2021-09-30 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1) This is a comprehensive book on the impact of the Covid-19 crisis on the Indian economy. 2) It discusses various socio-economic issues related to economic policies, labour, environment, and education. 3) Timely, and written by experts, this book will be of interest to departments of South Asian studies and political economy across UK.

Reform of the International Monetary System

Author : Masahiro Kawai
Publisher : Springer
ISBN 13 : 9784431562429
Total Pages : 0 pages
Book Rating : 4.5/5 (624 download)

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Book Synopsis Reform of the International Monetary System by : Masahiro Kawai

Download or read book Reform of the International Monetary System written by Masahiro Kawai and published by Springer. This book was released on 2016-08-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: By providing a comprehensive overview of policy proposals for the international monetary system from an Asian perspective, this book aims to identify what innovations are needed to reform the international monetary and financial system to promote financial stability and sustainable economic growth for emerging economies. The book is organized into four parts. Part 1 discusses major theoretical and empirical issues related to reform of the international monetary system. Part 2 includes two chapters that present the recent developments and challenges for managing capital flows. Part 3 presents different perspectives on regional currency cooperation in Asia and Europe by assessing the evidence supporting increased currency coordination in Asia and by review issues of policy cooperation in the Euro area after the global financial crisis and their implications for Asia. Part 4 discusses emerging issues for regional/global cooperation and financial safety nets. The main inference of the book is that, in light of the drawbacks of the existing international monetary system exposed in the global financial crisis, along with other countries, Asian emerging economies should work cooperatively to reform and strengthen international monetary and financial policy. To do so, regional and global monetary cooperation is needed and financial safety nets should be strengthened to alleviate the impact of possible global financial crises. This will be one of the first books written about the global financial crisis and the on going the European sovereign debt crisis to comprehensively address the issues related to currency cooperation, based on the Euro area experience, with the specific implications for Asia.

Assessment of COVID-19 Response in the Republic of Korea

Author : Asian Development Bank
Publisher : Asian Development Bank
ISBN 13 : 9292627929
Total Pages : 79 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Assessment of COVID-19 Response in the Republic of Korea by : Asian Development Bank

Download or read book Assessment of COVID-19 Response in the Republic of Korea written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-04-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effective response of the Republic of Korea (ROK) to the coronavirus disease (COVID-19) pandemic has been recognized worldwide. This publication looks into the governance structures and economic and social responses that contributed to the success of the ROK in coping with COVID-19. It examines key areas of the government’s response efforts including testing, tracing, and treatment approaches as well as economic stimulation initiatives. The publication identifies important lessons and insights for other countries to deal with the pandemic and its societal aftershocks.