To get the pulse of an institution’s financial management and its room for growth, we must first look at its financial statements. The information in these statements is, of course, essential but often provides only a partial picture focusing on short-term returns.
To understand the true value created by an organization, we need to look more broadly. This necessitates going beyond traditional financial reports and spending time understanding how the institution manages its non-financial resources.
Traditionally, policy makers have focused on creating jobs to reduce poverty, but jobs alone may not be sufficient. Job quality also matters, although creating "good" jobs is a huge challenge given the advent of global supply chains, which link thousands of firms extending across cultural and political boundaries. As it turns out, we are learning that good human resource policies may tip the scales.
Like a child on Christmas eve, I could hardly wait to hear my fate after my final interview with the Director of Operations at MIGA. The MIGA Professionals Program (MPP) was exactly what I wanted, a perfect fit of my technical skills and interests, but I was aware that it was a highly competitive process in which hundreds of applicants are whittled down to one offer per department in the end. Thus I cannot exaggerate just how thrilled I was to receive the call offering me the position of Underwriter after a series of interviews. And so began my voyage to the US to start my new job rather enthusiastically.
“South Asia continues to grow rapidly and its largest economy, India, is close to becoming a Tiger.”
Sadiq Ahmed and I were inspired to author Accelerating Growth and Job Creation in South Asia when we were asked by the South Asia Chamber of Commerce, SAARC Business Conclave, FICCI, and a number of policy makers, local research institutes, and CEOs to come up with a strategy on what can be done by South Asian countries to accelerate growth and job creation. So we invited the world’s leading scholars to apply their talents to understanding the economies of South Asia. This gave birth to the book.
It is organized along three themes—an overview of South Asia’s growth opportunities and challenges; sources of growth and policies for the future; and the significance of regional cooperation in promoting growth. The essays combine quantitative data with analytical rigor to provide innovative suggestions in terms of policies and institutions that can propel South Asia towards higher growth, while promoting inclusiveness.
- Sri Lanka
- South Asia
- Urban Development
- Science and Technology Development
- Public Sector and Governance
- Private Sector Development
- Macroeconomics and Economic Growth
- Financial Sector
- Culture and Development
- Human Resources