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Role of Economic Policies in Achieving MDGs in the Asia-Pacific Region: Challenges, Gaps and Area of Interventions

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  • Nagapudi R, Bhanumurthy

Abstract

This paper tries to examine the role of various economic policy measures that are unveiled in the Asia Pacific region to achieve the MDGs. In do so, in the first stage, the paper tries to bring out the extent of achievement of MDGs in the region. Further, it attempts to fix the bench marks for each macro policy variable in relation to MDG achievement. In the second stage, it undertakes the gap analysis to see the extent of distance between ‘on-track’ and ‘off-track’ countries and emphasis prioritisation of policies in the region. The study concludes that Asia Pacific as a whole are close to the bench mark countries in terms of fiscal and trade policies. But there is a lot more that needs to be done in the financial and stabilisation policies. Further, the study concludes that there is a need to emphasis more on the financial and macroeconomic reforms that helps in domestic resource mobilisation and also in the growth process that are necessary for achieving development goals in time.

Suggested Citation

  • Nagapudi R, Bhanumurthy, 2007. "Role of Economic Policies in Achieving MDGs in the Asia-Pacific Region: Challenges, Gaps and Area of Interventions," MPRA Paper 22885, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22885
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    File URL: https://mpra.ub.uni-muenchen.de/22885/1/MPRA_paper_22885.pdf
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    References listed on IDEAS

    as
    1. Hiau LooiKee & Alessandro Nicita & Marcelo Olarreaga, 2009. "Estimating Trade Restrictiveness Indices," Economic Journal, Royal Economic Society, vol. 119(534), pages 172-199, January.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    MDGs; Asia-Pacific; Gap Analysis;

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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