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Technology-based startup enterprises are an increasingly important part of the business landscape in Asia and the Pacific. By applying innovative technologies to create new products and services, they can make a significant contribution to economic development while generating social and environmental benefits. However, to survive and then thrive, tech startups require an enabling ecosystem that includes supportive government policy, adequate access...
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This report analyzes e-commerce in Asia and the Pacific, assesses its environmental impact, and explains why providing adequate internet, online payments, and last-mile logistics is key to creating a sustainable and inclusive digital marketplace. Noting the region makes up the largest share of the world's online retail market, it tracks the impact of the pandemic and emphasizes the need to level the playing field for small businesses. It outlines...
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This report analyzes how to untangle and simplify the complex product-specific rules of origin (PSRO) in free trade agreements in Asia and the Pacific and explores how technology can cut red tape and reduce inefficiencies impacting trade. It compares the leniency and stringency of PSROs under the Regional Comprehensive Economic Partnership (RCEP) in terms of manufacturing requirements with those contained in ASEAN+1 free trade agreements. Assessing...
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This report acts as a road map for the phased implementation of International Public Sector Accounting Standards (IPSAS) in Uzbekistan as part of reform initiatives to bolster transparency, better understand its finances, and improve decision-making. Outlining why implementing IPSAS is a long-term process, it assesses current public financial management and discusses how to close accounting standard gaps. It underscores the need for dedicated project...
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This publication analyzes the evolution of Central Bank Digital Currencies (CBDC) in Asia and the Pacific, assesses their potential risks and technical challenges, and explores their potential to improve cross-border payments and financial inclusion. Ahead of the launch of any large-scale Asian CBDC, it details various models and explores how Cambodia, the People's Republic of China, Singapore, and Thailand are taking the lead. Outlining global developments...
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Analyzing the importance of Thailand's blue economy, this report considers ways to mobilize and scale up private sector investment in areas such as aquaculture and marine renewable energy to help bolster sustainable blue development. It explains why factors such as limited awareness of ocean economy opportunities, a lack of investment-ready at-scale projects, and insufficient monitoring are proving a barrier to investors. The report shows how creating...
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This report analyzes ways that the tourism sector in Asia and the Pacific can leverage regional digital cooperation to ensure long-term resilience, sustainability, and inclusivity. Explaining how countries are looking to "build forward better" to insulate tourism from future shocks, the report studies how digital technology can be used to help change behaviors and stimulate investment. It sets out policy recommendations, considers countries' capacity...
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This report explains why strengthening the governance around public investment management is central to cutting inefficiencies and unblocking the climate finance needed to narrow Asia and the Pacific's gaping infrastructure gap. Outlining how adaptation and mitigation should be woven into more inclusive investment planning, it explains why private investment should be combined with public resources to better tackle the climate and investment shortfall....
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This report analyzes tourism in Asia and the Pacific as a services export industry, assesses how it was hard hit by the pandemic, and looks at ways to better insulate tourism against future shocks. It gives a breakdown of tourism receipts for the region, analyzes the sector's current state and vulnerabilities, and looks at how free trade agreements, incentives, and multilateral measures can encourage growth. It recommends strengthening tourism infrastructure,...
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This publication is designed to help tax analysts estimate revenue losses from tax expenditures and tax incentives. It presents the methodologies commonly used to estimate revenues forgone using varying sources of data. It discusses tax expenditure definitions, issues related to benchmarking and building an inventory of tax expenditures, and estimation methodologies using stylized models to show how to calculate revenues forgone when a tax concession...
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Detailing how Australia's Therapeutics Goods Administration conducted horizon scanning for new vaccines during the pandemic to assist ADB, this report is designed to help countries in Asia and the Pacific prepare for future outbreaks. It provides details of 16 vaccine manufacturers with novel and established vaccine technologies adapted to new pathogens like SARS-CoV-2, the virus that causes COVID-19. Offering information on their vaccine pipeline...
12) National Strategies for Carbon Markets under the Paris Agreement: Making Informed Policy Choices
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This report analyzes how carbon markets can be designed to help economies reach ambitious emission reduction goals and generate the financing needed to scale up climate action and build a resilient future. Designed as a framework for policymakers, it examines the current state of international and domestic carbon markets, delves into legal and policy issues, and explains how informed policy choices can be made when designing national strategies for...
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This guidance note explains why countries in Asia and the Pacific should use technology, including remote sensing and artificial intelligence, to reform property tax management and help strengthen public finances. Outlining why property tax is a stable revenue source, it shows how technology can be used to roll out computerized mass appraisal systems, automated value modeling, and integrated land information systems. It assesses the complex hurdles...
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The COVID-19 pandemic hit India in three waves between 2020 and 2022 with severe socioeconomic impact, particularly on poor and vulnerable people. The Government of India's response over different phases of the pandemic was comprehensive and graded. As its long-standing partner, the Asian Development Bank (ADB) proactively supported the government's strategic, multisectoral, and well planned intervention. ADB effectively realigned its operational...
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The Policy Actions for COVID-19 Economic Recovery (PACER) Dialogues was launched in June 2020 as the coronavirus disease (COVID-19) pandemic accelerated around the world. The PACER Dialogues share cutting-edge knowledge and best practices to help countries in Southeast Asia and the People's Republic of China strengthen cooperation to mitigate the devastating effects of COVID-19 and accelerate their economic recovery. This second compendium of nine...
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This report assesses how Indonesia is implementing the United Nations Sustainable Development Goals (SDGs) at the subnational government (SNG) level, identifies gaps and good practices, and outlines ways to speed up progress. It assesses the funding mechanisms and robust legal frameworks governing Indonesia's SNGs and tracks a consistent pattern of progress across its provinces towards most of the SDGs. The report shows why Indonesia needs to find...
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This publication examines an alternative way to provide education more efficiently and effectively through public–private partnerships by looking into the secondary education policy of the Republic of Korea and Japan. Focusing on the financial support for private schools and on the accountability system, it explores the contribution of public–private partnerships in universal secondary education in these two countries. Despite initial challenges,...
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This publication analyzes the risks of digital transformation and shows how context-aware and integrated risk management can advance the digitally resilient development projects needed to build a more sustainable and equitable future. The publication outlines ADB's digital risk assessment tools, looks at the role of development partners, and considers issues including cybersecurity, third-party digital risk management, and the ethical risks of artificial...
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This report analyzes ways to match youth in Asia and the Pacific with quality jobs and shows why approaches that consider non-linear transitions into and within the labor market can help underpin productivity and social progress. Noting some four out of five young people in the region work informally, it reviews job matching models including commercial and government online platforms, digital bootcamps, and corporate-funded programs. It explains how...
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This publication assesses the Kyrgyz Republic's rising exposure to landslides and looks at how ADB is providing a $35 million finance package to develop a risk reduction program designed to boost preparedness and cut their impact. Explaining why factors including rainfall patterns and high seismic activity make the country prone to landslides, it shows that over 30,000 people are at immediate risk from the events with women and marginalized groups...
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