The Asia-Pacific region is and will remain the engine of the world economy going forward – it accounts for 57% of global GDP, 46% of world trade and more than a third of the global population – and there is much to celebrate about APEC’s achievements in recent years. However, APEC economies are not immune from risk.
Increasing tax revenues and ensuring sustainable domestic resource mobilisation will be critical as emerging Asian economies seek to boost the provision of public goods and services and improve economic growth and living standards.
Revenue Statistics in Asian Countries is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre. It compiles comparable tax revenue statistics for Indonesia, Malaysia, the Philippines, Korea and Japan. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies. A special feature in this edition provides country profiles on recent tax administration and related reforms in Indonesia, Malaysia and the Philippines.
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4-page policy note detailing the key results and recommendations from OECD Trade Policy Paper 179 on the Participation of Developing Countries in Global Value Chains.
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24-page summary paper of the OECD trade policy paper #179 on participation of developing countries in global value chains available on the OECD iLibrary.
While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.
In January 2013, the OECD launched the project “Interrelations between Public Policies, Migration and Development: Case Studies and Policy Recommendations”, which aims to enhance partner countries’ capacity to incorporate migration into the design and implementation of their development strategies.
The OECD Development Centre is carrying out a project, co-funded by the EU Thematic Programme on Migration and Asylum, on the Interrelations between public policies, migration and development of partner countries.
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Although growth outlook is mixed across Emerging Asia, the latest Asian Business Cycle Indicators (ABCIs) suggest signs of growth stabilisation for China and a more positive outlook for the Philippines and Singapore, while still weak growth prospects for India.
This one-day workshop will serve to explore ideas and initiatives that may be most suited to the Asian region. It will present case studies from middle to high income countries in Asia and review completed and ongoing research on skills in Asia. A recent analysis conducted by the OECD LEED ESSSA initiative in 15 countries in Asia and the Pacific will be shared.