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Asian Development Bank: What Emerging Markets Can Teach Us About CSR

Fifty years after Milton Friedman’s famous essay arguing that companies should focus solely on shareholder profits, emerging markets businesses are helping lead the fight against Covid-19. Their example adds nuance to Friedman’s argument, reminding us that companies can effectively pursue

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China on the Way Back to Rebalancing

China’s economy keeps recovering from the coronavirus pandemic-led crisis through the third quarter of 2020, as revealed by the numbers of August activity. Its GDP grew by 3.2% in the second quarter, after falling by 6.8% in the first quarter,

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Otaviano Canuto: Brazil, South Korea – Two Tales of Climbing an Income Ladder

The “middle-income trap” has captured many developing countries: they succeeded in evolving from low per capita income levels, but then appeared to stall, losing momentum along the route toward the higher income levels of advanced economies (Gill & Kharas, 2007,

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Lord Waverley: Making the Case for Emerging Markets

The world awaits what emerges from post-Covid traumas. States will be required to consider how to balance budgets, how to derive income from which aspects of the economy to pay for essential services. There will be those who will dig

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Asian Development Bank: Urban Transport Can Rebuild to Create a Greener Future

COVID-19 has resulted in drastic changes in travel behaviour. Society must now address how to better manage the mobility of people and goods for the post-pandemic period. The coronavirus pandemic has highlighted the interconnected nature of life in the 21st

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World Bank Vice President for Europe and Central Asia: Interview with Anna Bjerde

Congratulations with your Mayday promotion as World Bank Vice President for Europe and Central Asia. Are you excited to lead the World Bank’s strategic, analytical, operational and knowledge work in the region? Thank you! I am delighted to be returning

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Lord Waverley: The EAEU is an Alternative to the EU — But Will It Last?

The Eurasian Economic Union (EAEU) spreads across Eastern Europe and Central and Northern Asia, covering some 20 million square kilometres and represent-ing 180 million people. But with concern about uniting principles — aside from removal of trade barriers — there

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CSR, Creativity, Continuous Evolution Keep ICBC on the Path to Banking Perfection

ICBC is one of the leading global banks with more than 400 overseas branches and subsidiaries, and a presence in 48 countries and regions. With a diversified business structure, innovation capability and competitive market position, the bank provides a comprehensive

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Lessons from China

For the first time in nearly half a century China’s economy has stopped growing. The National Bureau of Statistics (NBS) reported a 6.8 percent drop in economic output over the first quarter of the year. Retail sales were down by

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World Bank – East Asia and Pacific: Countries Must Act Now to Mitigate Economic Shock of COVID-19

The virus that triggered a supply shock in China has now caused a global shock. Developing economies in East Asia and the Pacific (EAP), recovering from trade tensions and struggling with COVID-19, now face the prospect of a global financial shock

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