South Asia's Path to Resilient Growth

Author: Mr. Ranil M Salgado and Rahul Anand

Fostering sustainable and inclusive growth in South Asia in the aftermath of COVID-19 pandemic will require unlocking structural transformation and enhancing macro-financial management.

Publication date: December 2022

ISBN: 9781513587219

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Topics covered in this book

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Banks and Banking , Exports and Imports , Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Environmental Economics , South Asia , sustainable growth , structural reforms , macro-financial management , IMF staff calculation , poverty head count ratio , health outcome , government of India , infrastructure investment , technical efficiency , value chain , teachers' wage , Exports , Climate change , Employment , Inflation targeting , East Asia , Global , Asia and Pacific , Southeast Asia

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Summary

South Asia’s Path to Resilient Growth highlights the remarkable development progress in South Asia and how the region can advance in the aftermath of the COVID-19 pandemic. Steps include a renewed push toward greater trade and financial openness, while responding proactively to the distributional impact and dislocation associated with this structural transformation. Promoting a green and digital recovery remains important. The book explores ways to accelerate the income convergence process in the region, leveraging on the still-large potential demographic dividend in most of the countries. These include greater economic diversification and export sophistication, trade and foreign direct investment liberalization and participation in global value chains amid shifting regional and global conditions, financial development, and investment in human capital.