Financial literacy is gaining increasing importance as a policy objective in many countries.
Economic development has progressed rapidly in Asia in recent decades, moving many people out of subsistence agriculture into more productive jobs in manufacturing and services.
Increased imports from the People's Republic of China (PRC) from 2000 to 2014 led to a fall in income inequality in provinces and districts in Viet Nam.
Migration of other family members does not affect a child’s decision to attend school directly, but indirectly through an increase in time spent at work.
Educational level, income, age, and occupational status determine financial literacy.
In Cambodia and Viet Nam, the more financially literate and educated people are, the more they save.
Many Asian economies are facing rapidly aging populations, which will dramatically raise pension and other old-age-related spending.
The more dependent on government transfers a province is, the higher the likelihood that it will go into deficit.
Asian economies must tackle several issues to enable fiscal decentralization that improves citizens’ welfare.