COVID-19 economic recovery can be advanced by greater efforts to boost longer-term resilience and sustainability in Asia and the Pacific, including coordinated, targeted responses to mounting climate risks and measures for addressing poverty and inequality. Harnessing digitalization to drive sustainable economic growth, productivity, human capital development, and financial inclusion will be an especially important post-pandemic policy priority.
The inaugural entry in the ADBI Series on Asian and Pacific Sustainable Development, COVID-19 Impacts and Policy Options: An Asian Perspective, provides crucial insights into the economic effects and policy implications of the COVID-19 pandemic in the region. Part I focuses on the macroeconomic impacts and disproportionately negative economic effects of the pandemic on low-income households and micro, small, and medium-sized enterprises in Asia and the Pacific, particularly in less-developed and vulnerable countries.
Part II examines the implications of COVID-19 for longer-term structural changes in the region’s economy, including accelerating digitalization and the effects of automation on the labor market. Finally, Part III focuses on key post-pandemic recovery needs in Asia and the Pacific, including promoting green investment and bolstering commitments to achieving the United Nations’ Sustainable Development Goals.
COVID-19 Impacts and Policy Options: An Asian Perspective is an invaluable source of timely, evidence-based research and analysis for policy makers, scholars, and others interested in the region’s post-COVID-19 recovery imperatives and policy next steps.
- 1. Introduction by John Beirne, Peter J. Morgan, and Tetsushi Sonobe
- Part I: COVID-19 Impacts on the Macroeconomy, MSMEs, and Households
- 2. Macroeconomic Impacts of the COVID-19 Pandemic in Developing Asia by Yasuyuki Sawada and Lea R. Sumulong
- 3. Initial Output Losses from the COVID-19 Pandemic: Robust Determinants by Davide Furceri, Michael Ganslmeier, Jonathan D. Ostry, and Naihan Yang
- 4. COVID-19 Impacts on Micro, Small, and Medium-Sized Enterprises in Asia and Their Digitalization Responses by Tetsushi Sonobe, Asami Takeda, Susumu Yoshida, and Hoa Thi Truong
- 5. Impacts of COVID-19 on Micro, Small, and Medium-Sized Enterprises Under Lockdown: Evidence from a Rapid Survey in the Philippines by Shigehiro Shinozaki and Lakshman N. Rao
- 6. Impacts of COVID-19 on Households in ASEAN Countries and Their Implications for Human Capital Development by Peter J. Morgan and Long Q. Trinh
- 7. Changes in the Livelihoods in Rural Bangladesh During the Early COVID-19 Lockdown Period by Mohammad Abdul Malek, Hoa Thi Truong, and Tetsushi Sonobe
- Part II: Wider Implications of COVID-19
- 8. The COVID-19 Pandemic: The Impact on the Economy and Policy Responses—A Review by Hanming Fang
- 9. Digital Technology and Economic Impacts of COVID-19: Experiences of the People’s Republic of China by Yiping Huang, Han Qiu, and Jingyi Wang
- 10.Automation, COVID-19, and Labor Markets by Georgios Petropoulos
- 11. Why Are Latin American Crises Deeper Than Those in Emerging Asia, Including That of COVID-19? by Alicia García-Herrero
- Part III: Policy Options Ahead and Economic Recovery
- 12. Dealing with Corporate Distress, Repair, and Reallocation after the Pandemic by Raghuram Rajan
- 13. Macroeconomic Policy Adjustments Due to COVID-19: Scenarios to 2025 with a Focus on Asia by Roshen Fernando and Warwick J. McKibbin
- 14. Building Forward Better: Enhancing the Resilience of Asia and Pacific Economies in a Post-COVID-19 World by Zhenqian Huang and Sweta C. Saxena
- 15. Governing the Sustainable Development Goals in the COVID-19 Era: Bringing Back Hierarchic Styles of Governance? by Simon Høiberg Olsen, Eric Zusman, Matthew Hengesbaugh, Nobue Amanuma, and Shinji Onoda