Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238596 
Year of Publication: 
2021
Series/Report no.: 
ADBI Working Paper Series No. 1239
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
The COVID-19 pandemic is imposing economic and broader development challenges as never before. Policy lessons from Asia and the Pacific's past experience in dealing with shocks show that focusing on economic growth alone is not enough. Rising inequality and environmental challenges increased the region's vulnerabilities. The post-pandemic recovery in Asia and the Pacific should place the 2030 Agenda for Sustainable Development at the center. In addition to using the traditional macroeconomic policies, governments should deliberately increase public investments in the Sustainable Development Goals, reduce inequalities, provide decent work, and green the economic activities and financial systems. New technologies and sustainable financing could facilitate the process. All stakeholders, including governments, businesses, and the general public, need to play their integral role to "build forward better".
Subjects: 
economic resilience
post-COVID-19 recovery
sustainable development
green recovery
macroeconomics
JEL: 
E3
E61
E70
H5
N15
O11
O15
O20
P46
Q48
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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