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Green Services and Emergence and Recovery from the Global Economic Slowdown in Developing Asian Economies


  • Mark Stoughton

    (Asian Development Bank Institute)

  • Anbumozhi Venkatachalam


The global economic slowdown has again highlighted the vulnerability of export-led development models and economies to downturns in export markets. Economic deepening or rebalancing with an emphasis on service-sector development should beand is becomingone long-term response to the crisis by Asias emerging economies. In the long run, sustainable economic development will depend in part on achieving a green trajectory of service sector development, in which services help green the product economy. In the short run, however, can services help address short- and medium-term challenges of emergence and recovery from the crisisparticularly those of at least resuming historic rates of poverty alleviation and inclusive growth? Meeting these challenges will require that export sectors deal successfully with challenging market conditions. There is a class of closely related business-to-business services which act to green the product economy, and which would improve the competitiveness of export sectors and husband scarce public resources by optimizing the efficiency of infrastructure utilization. These are functional procurement/efficiency services, which transform procurement of environmentally problematic goods and servicessuch as waste disposal, energy, chemicals, and transportinto performance-based services in which service providers profit by increasing the customers eco-efficiency. Energy Service Companies (ESCOs) are the best-known of these service models. These services appear to have strong potential among the larger, more sophisticated institutions and commercial and industrial enterprises in developing Asian states, particularly in Asias more advanced developing economies.

Suggested Citation

  • Mark Stoughton & Anbumozhi Venkatachalam, 2010. "Green Services and Emergence and Recovery from the Global Economic Slowdown in Developing Asian Economies," Energy Working Papers 22820, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:energy:22820

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    References listed on IDEAS

    1. Gangopadhyay, Shubhashis & Ramaswami, Bharat & Wadhwa, Wilima, 2005. "Reducing subsidies on household fuels in India: how will it affect the poor?," Energy Policy, Elsevier, vol. 33(18), pages 2326-2336, December.
    2. Grzegorz Peszko & Tomasz ┼╗ylicz*, 1998. "Environmental Financing in European Economies in Transition," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 521-538, April.
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    More about this item


    global economic slowdown; export-led development models; sustainable economic development; Energy Service Companies; Asia;

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • L88 - Industrial Organization - - Industry Studies: Services - - - Government Policy
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations


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