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Emerging Asia to see healthy medium-term growth but institutional reforms will be critical for future, says the OECD Development Centre in the latest Economic Outlook for Southeast Asia, China and India 2015.
While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.
Responsible business conduct is crucial for open and stable international investment climates. OECD Secretary-General Ángel Gurría will open the 2014 OECD Global Forum on Responsible Business Conduct on 26-27 June 2014, together with Dutch Minister for Foreign Trade and Development Co-operation Lilianne Ploumen and French Minister for Finance and Public Accounts Michel Sapin.
The Myanmar government, in partnership with the OECD and ASEAN, has undertaken a review of its investment policies as part of an active programme of investment policy reforms to make the country a more attractive destination for investors.
Deputy Minister of National Planning and Economic Development, Dr. Khin San Yee, presented her country’s ambitious efforts to improve the investment climate at meetings of the OECD Investment Committee and Advisory Group on Investment and Development from 15-17 October 2013 in Paris.
Myanmar faces a crucial few years to come to ignite economic growth and embark on a higher, more sustainable and more equitable development trajectory. The challenge is even more important as the country’s population will start ageing in 2017, says the Multi-dimensional Review of Myanmar: Initial Assessment.
This volume is the first of the OECD Development Pathways, a new series that looks at multiple development objectives beyond an exclusive focus on growth. The series starts with Myanmar, a country to be covered for the first time by the OECD. This initial assessment shows that Myanmar’s success in achieving stable and sustainable growth will depend vitally on its ability to develop the institutional and social capital necessary to maintain macroeconomic and financial stability, to ensure the rule of law, to achieve environmentally sustainable development and to create an enabling environment for the private sector. To be sustainable, growth also needs to be more equitable and inclusive. Seizing the momentum created by the country’s opening and internal peace process will be imperative. Moreover, Myanmar’s increasing population provides a demographic dividend which needs to be reaped in the next couple of decades to boost the potential of the economy. After that, the population will begin ageing and Myanmar risks getting old before the incomes and living standards of its people can significantly improve.
Myanmar faces a crucial few years to come to ignite economic growth and embark on a higher, more sustainable and more equitable development trajectory. The challenge is even more important as the country’s population will start ageing in 2017, says the Multi-dimensional Review of Myanmar: Initial Assessment which was launched by the OECD and UNESCAP in Yangon.
Society at a Glance – Asia/Pacific Edition 2011 offers a concise quantitative overview of social trends and policies across Asia/Pacific countries and economies.
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This report identifies and discusses employment and skills strategies in Southeast Asia. The aim of the exercise is to identify a number of characteristics and trends of employment and skills development in the region which can be explored and addressed further by the ESSSA initiative.