Véronique Salze-Lozac'h

Asia’s urban population is growing at an unprecedented rate. It took 130 years for London to grow from 1 million to 8 million, but Bangkok did it in 45 years, Dhaka in 37 years, and Seoul in only 25 years. Asia’s rapid urbanization—driven by entrepreneurial and commercial dynamism—has been pivotal for its stellar growth, but often to the detriment… Read more

Over the last four decades, Asia has experienced unprecedented economic growth that has shifted the global economic center of gravity to the region. Asia enters 2015 as the world’s fastest-growing region, with the International Monetary Fund predicting that GDP will increase by 5.5 percent this year.

June 29, 2015, may have marked a turning point in multilateral development financing in the Asia-Pacific region. On that day, 50 countries signed the articles of agreement of the $50 billion, China-led Asian Infrastructure Investment Bank (AIIB). While there is a lot of excitement about the potential of this new multilateral financing institution…

Asia’s developing economies will continue their steady growth, with GDPs expected to rise by an average of 6.3 percent in each of the next two years, according to the annual flagship report, Asian Development Outlook 2015, from the Asian Development Bank (ADB).

In last week’s blog, I highlighted four top trends to look out for in Asia’s economic future, including: Asia as the driver of growth, the growing tide of inequality and disparity, Asia’s trendsetters, and regional integration and regional fragmentation. Here are four more top trends to watch…

Last month, the International Labour Organization (ILO) announced troubling global trends in unemployment, which is expected to worsen in the coming years. According to its 2015 Employment and Social Outlook report, young workers aged 15-24 are particularly hard hit by the crisis, and Asia is home to the largest number of these young people.

2014 will be remembered as the year when China became the world’s biggest economy in purchasing power parity (PPP) terms, overtaking the United States for the first time in history. This move, which did not come as a surprise, is the sign of a superpower transition…

This year’s Asia-Pacific Economic Cooperation (APEC) Forum in Beijing kicked off Nov. 7-8 with the 26th Ministerial Meeting, which focused on three priority areas: advancing regional economic integration, promoting economic growth, and strengthening connectivity and infrastructure development. In its joint ministerial statement, the group endorsed the “APEC Strategic Blueprint for Promoting Global Value Chain Development and Cooperation” as a mechanism to strengthen mutual economic cooperation within the global value chain network.

Today about six out of 10 of the world’s poorest people are women. That means, of the estimated 1.5 billion people living in extreme poverty worldwide, 60-70 percent are girls and women. However, if girls and women account for a large percentage of the poor…

With the December 2015 target date for the economic integration of ASEAN fast approaching, last week ADB economist Jayant Menon echoed increasing skepticism as to whether the targets for integration could be met.

A report from Oxfam released in late January put down on paper what many already feared was true: almost almost half of the world’s wealth is now owned by just one percent of the population. This is also the case in Asia, where income and wealth disparity is growing rapidly.

Despite the troubling political unrest and protests that continue to unfold across Asia in 2014, the New Year actually looks good for the region’s economies. Asia continues as one of the world’s fastest growing regions, projected to experience 5.25 percent growth in 2014…

As all eyes turn to Brazil for the World Cup this summer, and to India and Indonesia for two of the world’s largest democratic elections, 2014 may as well be called the “Year of the Middle-Income Country.” Last year saw several economies make steady gains, including powerhouse China…

The horrific collapse three weeks ago of an eight-story garment factory building in Savar, just outside of Bangladesh’s capital, Dhaka, took the lives of more than 1,100 people, and was followed just last week by a deadly fire in another garment factory that left at least eight dead. The tragedies have left a nation in mourning, shining a spotlight on the lack of safety for garment sector workers in Bangladesh. These incidents have drawn international attention on the urgent need for better working conditions for workers, starting with safer, more secure buildings.

Last week, the Asian Development Bank released its annual “Asian Development Outlook” report for 2013, with Asia’s success story of unprecedented growth in the last decades forecast to grow by 6.6 percent in 2013 and 6.7 percent in 2014.

From January 1 of this year, Thailand’s employers must pay all employees at least 300 baht (about $10) a day. If they don’t, they will face six months in jail and/or a 100,000 baht fine for not complying. The 300-baht minimum daily wage policy, the fulfillment of a 2011 election campaign pledge by the ruling Pheu Thai Party, has been piloted in seven provinces since May 1, 2012 (including Bangkok), with much debate and division among employers, labor unions, government ministries, and academics about the actual and perceived impact of the policy on the economy, productivity, small- and medium-sized enterprises (SMEs), and inequality.

Over the last several decades, Asia has become increasingly integrated with the rest of the world, its rapid development driven largely by exports to the United States and European Union. Yet, as the world’s main economic arteries shift eastward, intra-regional integration within Asia still lags behind.

While leaders from the Association of Southeast Asian Nations (ASEAN) met in Phnom Penh on November 18 for the 21st ASEAN Summit, concerns over the prospect of a unified ASEAN Economic Community (AEC) for 2015 spilled over into smaller discussions among the business…

Global economic recovery in 2012 remains tenuous, with the World Bank recently downgrading its forecast for this year’s global growth from 3.6 percent to 2.5 percent. This slide in expectations and persistently high unemployment rates in many countries has sparked a resurgence of protectionist tendencies toward trade. These tendencies are couched in the language of “bringing jobs back,” while tariffs are euphemistically coined as “flexibility” needed to protect domestic producers. South Asia has suffered for decades from a low level of intraregional cooperation, both politically and economically.

From January 25-29, the world’s most powerful leaders from the public and private sectors gather in the Swiss town of Davos to try to agree on measures that will eventually impact billions of people across the world. The event is being held against an unprecedentedly gloomy global economic picture. The World Bank recently reported that the world economy will grow by only 2.5 percent in 2012, far below initial estimates of 3.6 percent. In Europe, leaders have yet to come up with a comprehensive solution to the eurozone crisis.

In 2011, Asia grappled with a host of devastating shocks, both natural and man-made. As challenging and economically harsh as they have been, they have provided an opportunity for Asia’s emerging economies to dramatically assert their economic resilience and regional influence.

Cannes, a medieval city on the French Riviera internationally renowned for its luxurious hotels, seafront “promenade,” and International Film Festival, is used to welcoming the rich and famous. It is, however, another type of festival that will take place in Cannes this week. The city is gearing up for the sixth annual Group of Twenty (G-20) Summit where heads of state, finance ministers, and Central Bank governors from 20 industrialized and developing economies (19 countries plus the European Union) will converge to discuss financial markets and the world economy. The G-20, whose member countries account for over 80 percent of the global output and two-thirds of the world’s population, is the premier forum for industrialized and developing countries to discuss key issues in the global economy and monitor international economic cooperation.

At the Asia-Pacific Economic Cooperation (APEC) forum taking place in San Francisco this week, the powerful role women entrepreneurs play across the globe in driving economic growth and job creation is high on the agenda. Recognizing this growing role, particularly for micro, small, and medium enterprises (MSMEs), I joined leading economists, experts, government officials, and women entrepreneurs from around the world today for a dedicated all-day discussion on specific constraints women face when starting or developing a business.

While debt-ridden Greece struggles to get its head out of the troubled waters of economic, financial, and now social turmoil, one of the few hands reaching out to help is not only from the expected European Union-International Monetary Fund tandem – but from a far less expected and more recent friend: China.

On April 12, Dhaka was vibrating with excitement as residents celebrated the first day of Bengali New Year, or Pahela Baishakh. Lavish, colorful street parties mixed in with bicycles, rickshaws, cars, and motorbikes added…

One month after the devastating earthquake and tsunami struck Japan, the Japanese are still coping with an incredible accumulation of sorrow, devastation, and anxiety about the future. Beyond the most urgent question of how Japan will recover from such a calamitous situation, a secondary concern is the potential human, environmental, and economic impact the crisis will have on the rest of Asia. Economists seem to agree that the disaster is not likely to pose a significant, long-term risk to the global economy.

One year ago in this blog, Asia Foundation chief economist Bruce Tolentino expressed “cautious optimism” about the prospects for global recovery and Asian growth in 2010. His positive prediction for Asia was more than fulfilled, in spite of a dispiriting lag in U.S. recovery and severe economic crises in the Eurozone. Vietnam is expected to lead So… Read more

What unfolded on October 2 between China and Greece is compelling, marking China’s biggest pledge of support for in-debt euro-zone nations. On his week-long tour of Europe, Chinese Premier Wen Jiabao made his first stop in Athens, where he offered to buy Greek government bonds to help the struggling nation overcome its debt burden and, hopefully, f… Read more

In Bangladesh, where the 2010 Economic Governance Index – which measures and ranks business environments across 19 districts – was just released, the capital city of Dhaka did not perform among the top districts. Of course, in terms of business performance and investment, Dhaka remains Bangladesh’s single most important city. Bangladesh's capit… Read more

With an average annual growth reaching nearly double digits in the decade leading up to the recent global financial and economic crisis, Cambodia’s economy has performed well. Many national and international economists and organizations, including the World Bank, predict that the country is on its way to a faster recovery than initially expected, a… Read more

Any casual observer walking through the heart of a district capital like Bangladesh’s northeastern city of Sylhet or Rangpur, further north, would be impressed by the bustling economic activity. In the early morning, streets are filled with colorful trucks honking their way toward the market place. Their paths are crossed by overloaded rickshaws de… Read more

Just months ago, Choeung would never have dreamt of speaking in public. If told that he would speak in front of more than 300 people, including high-ranking officials, several deputy governors from seven provinces, and an under secretary of state, he would have laughed at such a good joke, and his fellow fishermen would have as well. But that was m… Read more

Never short of innovative ideas and certainly not lacking entrepreneurship, Cambodian businesswomen have now created a Facebook page to network and exchange tips and ideas about doing business in the Kingdom. More than 200 businesswomen, professionals, students, academics, and even male supporters, have already joined the group to share economic, s… Read more

After a global economic slump in 2009, Cambodia welcomed World Bank forecasts that projected its economy would grow in 2010. However, despite an auspicious start to the New Year, the imbalanced growth between Phnom Penh and the provincial areas are major concerns for improved and sustainable economic development. The private sector in Cambodia, par… Read more

In Cambodia, the garment sector is certainly where the global economic crisis is having the most impact. As an essential pillar of the country’s economy, it accounts for about 80 percent of all exports and, until recently, employed more than 300,000 employees. In the last few months, experts say between 40,000 to 60,000 garment workers have lost th… Read more

The recent release of two reports – one from the World Bank/IFC and the other from the IFC/Asia Foundation – compelled more than 200 Cambodians to gather on May 25th in a conference room overseeing the Tonle Sap river. They were business owners, public officials, and development organizations, all keen to discuss ways to make the life of business o… Read more