This working paper applies a modernization indicator to assesses the progress of the People’s Republic of China (PRC) and compared it with countries of the Organisation for Economic Co-operation and Development and the G20.
Public–private partnerships (PPPs) can be vehicles to involve the private sector in attaining national development goals. Either as an infrastructure project or a public finance tool, PPPs can potentially bring macroeconomic benefits.
The gradual moderation in growth currently underway in the People’s Republic of China presents both challenges and opportunities for developing Asia, while concerns over a sharp slowdown in the near term are exaggerated.
Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality.