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In the digital economy, central bankers and regulators face the challenge of ensuring consumer safety and financial stability while promoting innovation in the financial sector.
A study of four Southeast Asian markets examines how digital financial solutions can play a key role in closing gaps in financial inclusion.
FDI-recipient countries show positive growth in productivity but their technology gains depend on absorption capacity.
The pandemic opens an opportunity to reset CAREC’s aviation industry through green lanes and domestic tourism, among others.
Digital financial services like mobile money can reduce transfer prices and improve transparency, efficiency, and access.
The region needs to increase resource efficiency, diversify economies, and enhance cooperation to bolster adaptation and mitigation efforts.
Strengthen regional initiatives by harnessing advances in technology, promoting cross-border technology transfer, and harmonizing policies and standards.
Efficient transport corridors can bolster participation of CAREC countries in regional value chains integration.
Creating an enabling environment for financial technology and innovation and building public trust are key to encouraging more people to bank.
Less developed countries can take advantage of increased talent flows in the region in expanding their “brain network.”