{"title":"Comment on “Pakistan's Economy: Fallout of 2022 Economic Distress Magnifies the Need for Structural Reforms”","authors":"Farrukh Iqbal","doi":"10.1111/aepr.12493","DOIUrl":"https://doi.org/10.1111/aepr.12493","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142189244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comment on “The Sri Lankan Economy: From Optimism to Debt Trap”","authors":"Shantayanan Devarajan","doi":"10.1111/aepr.12491","DOIUrl":"https://doi.org/10.1111/aepr.12491","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142189245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comment on “Pakistan's Economy: Fallout of 2022 Economic Distress Magnifies the Need for Structural Reforms”","authors":"Takashi Kurosaki","doi":"10.1111/aepr.12489","DOIUrl":"https://doi.org/10.1111/aepr.12489","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Edimon Ginting, Mohammad Abdur Razzaque, Rana Hasan
Despite substantial socio‐economic progress driven by the readymade garment (RMG) industry, Bangladesh faces a severe export concentration due to its heavy reliance on a single export sector. This present paper examines the policy barriers hindering export diversification in Bangladesh and suggests measures to tackle the problem. It highlights that excessive tariff protection has favored import‐competing sectors creating an anti‐export bias. To promote export diversification, Bangladesh must implement effective tariff rationalization measures to address the policy‐induced disincentives for exports. Additionally, attracting foreign direct investment, improving the investment climate, and addressing infrastructural and logistical challenges are crucial for enhancing the non‐RMG export response.
{"title":"Export Diversification in Bangladesh: Overcoming Policy Impediments","authors":"Edimon Ginting, Mohammad Abdur Razzaque, Rana Hasan","doi":"10.1111/aepr.12487","DOIUrl":"https://doi.org/10.1111/aepr.12487","url":null,"abstract":"Despite substantial socio‐economic progress driven by the readymade garment (RMG) industry, Bangladesh faces a severe export concentration due to its heavy reliance on a single export sector. This present paper examines the policy barriers hindering export diversification in Bangladesh and suggests measures to tackle the problem. It highlights that excessive tariff protection has favored import‐competing sectors creating an anti‐export bias. To promote export diversification, Bangladesh must implement effective tariff rationalization measures to address the policy‐induced disincentives for exports. Additionally, attracting foreign direct investment, improving the investment climate, and addressing infrastructural and logistical challenges are crucial for enhancing the non‐RMG export response.","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141933542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comment on “Recent Developments in Indian Central Banking: Flying through Turbulence but Aided by Some Tailwinds”","authors":"Viral V. Acharya","doi":"10.1111/aepr.12482","DOIUrl":"https://doi.org/10.1111/aepr.12482","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141881548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comments on “Recent Developments in Indian Central Banking: Flying through Turbulence but Aided by Some Tailwinds”","authors":"Poonam Gupta","doi":"10.1111/aepr.12484","DOIUrl":"https://doi.org/10.1111/aepr.12484","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141869548","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This present paper discusses the main issues gripping Pakistan's economy. It takes a long‐term perspective to indicate that several economic issues are structural, going back at least 60 years. The present paper substantiates that Pakistan's current issues were aggravated during 2022, particularly by the damage caused by large scale floods. Government relief efforts increased budget deficits, public debt, and inflation. Crop failures dampened export earnings, increased the current account deficit and added urgency to the need to mobilize foreign exchange for foreign debt servicing during 2023. In 2024, resolving foreign debt servicing obligations is the touchstone for achieving macroeconomic stability and initiating reforms to change structural factors inhibiting Pakistan's economic growth.
{"title":"Pakistan's Economy: Fallout of 2022 Economic Distress Magnified the Need for Structural Reforms","authors":"Pierre van der Eng","doi":"10.1111/aepr.12486","DOIUrl":"https://doi.org/10.1111/aepr.12486","url":null,"abstract":"This present paper discusses the main issues gripping Pakistan's economy. It takes a long‐term perspective to indicate that several economic issues are structural, going back at least 60 years. The present paper substantiates that Pakistan's current issues were aggravated during 2022, particularly by the damage caused by large scale floods. Government relief efforts increased budget deficits, public debt, and inflation. Crop failures dampened export earnings, increased the current account deficit and added urgency to the need to mobilize foreign exchange for foreign debt servicing during 2023. In 2024, resolving foreign debt servicing obligations is the touchstone for achieving macroeconomic stability and initiating reforms to change structural factors inhibiting Pakistan's economic growth.","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141744624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Japan Center for Economic Research","authors":"","doi":"10.1111/aepr.12485","DOIUrl":"https://doi.org/10.1111/aepr.12485","url":null,"abstract":"","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":4.5,"publicationDate":"2024-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/aepr.12485","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141624232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper provides an interpretative survey of the economic policy and performance of the Sri Lankan economy during the postindependence era, with a focus on the sources of the country's vulnerability to the unprecedented sovereign debt crisis in the wake of the COVID‐19 pandemic and prospects beyond the crisis. The prime focus of the Extended Fund Facility (EFF) program that Sri Lanka signed with the International Monetary Fund (IMF) in March 2023 is on economic stabilization through fiscal consolidation. The analysis of this present paper infers that recovery from the crisis and placing the economy on a self‐sustained growth path requires combining the standard IMF approach to macroeconomic stabilization with coherent structural adjustment reforms to redress the long‐standing anti‐tradable bias in the incentive structure that was the root cause of the vulnerability to the crisis.
{"title":"The Sri Lankan Economy: From Optimism to Debt Trap","authors":"Prema‐chandra Athukorala","doi":"10.1111/aepr.12483","DOIUrl":"https://doi.org/10.1111/aepr.12483","url":null,"abstract":"This paper provides an interpretative survey of the economic policy and performance of the Sri Lankan economy during the postindependence era, with a focus on the sources of the country's vulnerability to the unprecedented sovereign debt crisis in the wake of the COVID‐19 pandemic and prospects beyond the crisis. The prime focus of the Extended Fund Facility (EFF) program that Sri Lanka signed with the International Monetary Fund (IMF) in March 2023 is on economic stabilization through fiscal consolidation. The analysis of this present paper infers that recovery from the crisis and placing the economy on a self‐sustained growth path requires combining the standard IMF approach to macroeconomic stabilization with coherent structural adjustment reforms to redress the long‐standing anti‐tradable bias in the incentive structure that was the root cause of the vulnerability to the crisis.","PeriodicalId":45430,"journal":{"name":"Asian Economic Policy Review","volume":null,"pages":null},"PeriodicalIF":3.9,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141586580","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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