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ECONOMIC AND SOCIAL SURVEY OF ASIA AND THE PACIFIC 2017 - Governance and Fiscal Management
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Economic growth in Asia-Pacific economies, although steady, is modest compared with its recent historical trend amid prolonged weak external demand and its ramifications, such as subdued investment and rising trade protectionism. While robust economic growth is not a sufficient condition for achieving broader development goals, the lack of it could undermine efforts to reduce poverty and expand the availability of decent jobs. At the same time, decades of rapid economic growth, facilitated by globalization and technological advances, came at a cost – rising inequality and environmental degradation. Addressing such economic, social and environment challenges in a coherent and decisive manner will be critical for improving the region’s future prospects.

The Economic and Social Survey of Asia and the Pacific 2017 contains an examination of these policy challenges, especially from the perspective of better governance and effective fiscal management. In particular, in the Survey for 2017 it is found that the quality of governance affects development outcomes through its impact on the composition and efficiency of public expenditure. At the same time, weak governance partially explains the low levels of tax revenue in several countries in the region. In the Survey for 2017 it is argued that better governance and effective fiscal management in the Asia-Pacific region can not only improve long-term economic prospects but also facilitate the process of grappling with social and environmental
concerns. Indeed, balanced progress on all three fronts is the essence of the 2030 Agenda for Sustainable Development.

#Governance #Ecomony #Growth #SDGs #SDGs2017
Publisher:
UN ,   (2017 )
Type / Script:
Publication in English
Keywords:
ESCAP COUNTRIES, GOVERNANCE, ECONOMIC POLICY, MONETARY POLICY, ECONOMIC GROWTH, FISCAL POLICY, POVERTY, POVERTY MITIGATION, SOCIAL PROTECTION, ENVIRONMENTAL DEGRADATION, TAX REVENUES
Thematic Group:
 UN : International Peace and Security
Thesaurus:
02.05.00  -  Public Administration
Reference Link:
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