Date & time
Dr Joe Zveglich, ADB’s Assistant Chief Economist and Emma Veve, Principal Economist of ADB’s Pacific Department will present and discuss the Asian Development Outlook 2014 (ADO)—ADB’s flagship economic publication. The report aims to provide a comprehensive analysis of macroeconomic issues in developing Asia and the Pacific, with growth projections by country and region.
This year’s ADO special theme chapter, ‘Fiscal Policy for Inclusive Growth’, explores how fiscal policy—both public spending and revenue mobilisation—can be used to promote inclusive growth. While developing Asia has made huge strides in reducing poverty, the last two decades have seen income inequality widening, driven by the same forces of globalisation, technological progress, and market-oriented reform that accelerated the region’s rapid growth. In response, the region’s citizens are calling on their governments to play a more active role in bringing about a fairer society, one that provides opportunities for all and distributes the fruits of growth widely.
Dr Joe Zveglich and Emma Veve will present the key findings of the report and address questions including:
- What has been the role of fiscal policy in promoting inclusion in Asia and the Pacific?
- What does cross-country empirical evidence show on the effectiveness of fiscal spending on reducing inequality?
- Do Asian countries have adequate fiscal space for more inclusion-enhancing spending programs?
- How can a medium-term fiscal framework incorporate equity within the broad confine of fiscal sustainability?
Professor Quentin Grafton, Executive Director, Australian National Institute of Public Policy, Crawford School of Public Policy, ANU will introduce and chair the seminar.
This public seminar is presented by the Asia and Pacific Policy Studies at Crawford School of Public Policy, The Australian National University, and the Asian Development Bank.