|
Books > Business & Economics > Economics > Economic forecasting
This lively and provocative look at the tension between economics
and politics examines why so many mistakes in economic
policy-making are made for political reasons and ignore the
economic truths. Using short-term economic gains to ensure
electoral success, argues Lorenzo Forni, inevitably spells
macroeconomic disaster. Using the state budget, trade policy and
monetary policy to prop up labour markets and the wider economy in
order to boost voter approval ratings, while ignoring budget
constraints can only result in longer recessions and economic
downturns. Which then can incur the painful austerity measures
needed to bring the economy back into balance. Forni looks at many
unsustainable economic policies that have been implemented in parts
of the world when the economic realities - there is no magic money
tree! - would recommend a different and more prudent economic
course.
This report contains the latest estimates of input-output tables
for East Asia and a more comprehensive range of statistics relevant
to analyzing production, trade, and interrelations between firms,
industries, and economy sectors in the region. It is an update of
the published in 2018. The tables and indicators presented are
derived from the Multi-Regional Input-Output Tables database
maintained by the Asian Development Bank. The reports serve as key
resources for understanding dynamic trade and production linkages
in regional economy, providing analytical support for data-driven
decision-making and policy implementation.
Sufficient provisioning for health and social protection will help
support a swift, inclusive recovery in Pacific island countries.
This edition of the Pacific Economic Monitor discusses the outlook
for 2021 and key issues for recovery from the coronavirus disease
(COVID-19) crisis, including vaccine procurement and distribution.
Most Pacific island countries appear to have avoided direct health
impacts from the coronavirus disease (COVID-19). Yet, the pandemic
highlights the need to strengthen their health and social
protection systems. This edition of the Pacific Economic Monitor
discusses the impacts of COVID-19 and provides an overview of other
current economic and development issues in Pacific developing
member countries of ADB.
|
|