Digital and Sustainable Economic Growth
Azeemah Saleem
SOUTH ASIA’S PATH TO RESILIENT GROWTH by Edited by Ranil Salgado & Rahul Anand International Monetary Fund, Washington DC, 2023, 343 pp., $ 31.00
May 2024, volume 48, No 5

In the aftermath of the COVID-19 pandemic, Salgado and Anand have attempted to craft a digitalized and green route for resilient growth by identifying the potential demographic dividend in South Asia and pushing for more significant trade and financial openness.Thus, the book has resulted in a road map of proactive distribution of resources, structural transformation, and a map route toward diminishing inflation in South Asia. According to the World Bank, South Asia is expected to grow by 5.8% higher than other developing countries, yet slower enough to meet its development goals. Thus, slower growth is impacted by fragile fiscal positions such as increasing risks of defaults, diverting credit from the private sector, and raising borrowing costs. Moreover, the impact is escalated by the intense climate change in the region.

The book is the collaborative contribution of International Monetary Fund staff, academicians, and policy experts from the South Asian region to explore inclusive and sustainable policies toward the path of South Asia’s development. Given the centrality of the book, the authors have attempted to explore policies for resilient growth, where the expenditure can meet the Sustainable Development Goals (SDGs), improve equity through the labour market and various reforms such as social protection reforms,

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