Today, most global citizens have digital avatars and are active in cyberspace. Especially in the wake of the pandemic, almost all aspects of interaction and subscription of services have moved online. Digital technologies have fast-tracked inclusion in multiple geographies in the last decade, including most Asian nations. Amongst other benefits, technology inclusion has proven to be most helpful in humanity’s efforts to achieve the Sustainable Development Goals (SDGs).
Asia is the world’s consumption growth engine—miss Asia and you could miss half the global picture, a $10 trillion consumption growth opportunity over the next decade. While sheer scale remains key to the story of the region’s consumer markets in the next 10 years and beyond, also vital is rising diversity amid significant social, demographic, and technological change. Asia’s consumer map is being redrawn.
Moscow sees attempts to destabilize the geopolitical situation in Asia made by military and narrow political structures which impede interstate interaction in the region, Russian Foreign Minister Sergey Lavrov stated on Tuesday at a meeting of the top diplomats of the Conference on Interaction and Confidence-Building Measures in Asia’s member countries.
“Unfortunately, the geopolitical situation in the region is not getting better, restraining a transition to comprehensive multilateral cooperation and integration. We see deliberate attempts to escalate the situation, undermine the existing mechanisms of interstate interaction,” the top diplomat noted.
According to Lavrov, some narrow political structures and military blocs, sticking to the logic of the cold war and a policy of containment, “contribute to the destabilization of the situation in Asia.”
The Taliban (outlawed in Russia) embarked on a large-scale operation to take control of Afghanistan after the US had announced its intention to withdraw its forces in the spring. On August 15, Taliban fighters swept into Kabul without encountering any resistance, with Afghanistan’s then President Ashraf Ghani subsequently fleeing the country. On September 6, the Taliban gained full control over Afghanistan, and on September 7, the radicals announced the new interim government.
Demography is a principal driving force for economic growth and social development. In Asia and Europe, more developed economies are facing aged or aging societies, while younger economies are experiencing rapid shifts in the age structures of their populations. Although demographic transition has occurred at different times in Asia and Europe, both regions have undergone comparable processes and patterns of change, with the impacts spanning across sectors and groups of people.
Demographic Transition and Its Impacts in Asia and Europe highlights crucial aspects of demographic transition subject to the different characteristics of economies in Asia and Europe. In response to rapid population aging, the book provides practical analysis and insights to help build comprehensive policy frameworks for a resilient economy and greater sustainable development.
The final months of 2021 will be a crucial time for climate policy. At the United Nations Climate Change Conference (COP26) in Glasgow from 31 October to 12 November, countries will need to come forward and show that they take the commitments that they made in Paris seriously and that they will reduce GHG emissions such that we reach net zero by 2050 to meet the climate targets of the Paris Agreement. Carbon pricing and other fiscal policies will play a critical role.
When US President Joe Biden, UK Prime Minister Boris Johnson, and Australian Prime Minister Scott Morrison announced the formation of AUKUS on 16 September, the Australian debate about this new tripartite security initiative quickly took on a familiar form.
The contours of US Asia policy under the Biden administration have become clearer through the recent high-profile visits to the region by Vice President Kamala Harris, Secretary of Defence Lloyd Austin and Deputy Secretary of State Wendy Sherman. While the tone is different from the bombast of the Trump presidency, these reveal much more continuity than change in Washington’s approach.
- Substantial increases in development institutions’ assistance for PPPs from the 2010s created an enabling environment to mobilize private funds, especially in Asian developing countries with relatively higher incomes.
- Success in implementing PPPs is still limited to a few Asian developing countries and sectors.
- Rather than waiting for business opportunities to arise, development institutions are promoting transaction advisory services to developing countries to create their own bankable PPP projects.
- Other possible finance mechanisms to fill the demand of infrastructure development include utilizing spillover tax revenues, since PPPs have not always worked even in countries with advanced PPPs.
- To increase the share of PPPs in the projects supported by development institutions using transaction advisory services, we recommend (i) developing trust from all stakeholders, especially from the recipient countries, through close communication; and (ii) utilizing their concessional loans effectively for PPP projects and raising awareness of the benefits of PPPs so that developing countries are willing to share project risk.