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The Russian invasion of Ukraine threatens the uneven recovery of East Asia and Pacific. The invasion comes on top of the economic distress caused by the lingering COVID-19 pandemic, the financial…
Since early May 2020, many countries in the East Asia and Pacific (EAP) region have conducted high-frequency household phone surveys to monitor the socio-economic impacts of COVID-19 and to inform…
East Asia Pacific’s (EAP) strong economic performance over the past few decades has significantly benefited and empowered women in the region, bringing better health and education and greater…
This year’s global poverty update from the World Bank is a minor one. Until reference year 2008, the World Bank published new poverty estimates every three years, and between 2010 and 2013 we…
Students at Beijing Bayi High School in China. Photo: World Bank In 1950, the average working-age person in the world had almost three years of education, but in East Asia and Pacific (EAP), the…
For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the…
In the last three decades, East Asia has reaped the demographic dividend. An abundant and growing labor force powered almost one-third of the region’s per capita income growth from the 1960s to…
Myanmar is undergoing a historic transition. After decades of armed conflict and economic stagnation, the country is beginning to make important strides toward realizing its potential and the…
Those unfamiliar with the fast growing emerging economies of East Asia are likely to think that governments in these countries let market forces and capitalism roam free, red in tooth and claw.…