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With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that asian pacific environmental poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.
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Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. 3 percent in 2018, according to the latest World Bank regional economic forecast. Prospects for a continued broad-based global recovery and robust domestic demand underpin this positive outlook. Still, emerging risks to stability and sustained growth require close attention. After growing faster than anticipated in 2017, China is expected to slow moderately to 6. 5 percent in 2018 as its economy continues to rebalance away from investment and towards domestic consumption with policies that focus more on slowing credit expansion and improving the quality of growth. Excluding China, growth in developing EAP is expected to remain stable in 2018 at 5.
4 percent, reflecting continued robust domestic and external demand. Even with favorable prospects, policy makers in the region are advised to attend to the short-term risks associated with a faster-than-expected rise in interest rates in advanced economies and possible escalation of trade tensions. To address risks to macroeconomic stability, countries will need to consider tightening monetary policies, further strengthening macroprudential regulation, and building fiscal buffers. These measures will be even more important as countries adapt their manufacturing-led development strategies to the emerging challenges of labor saving technologies and automation. Improving competitiveness through reforming the business environment will be important for countries in the region as they seek to adjust to the ongoing changes in the manufacturing landscape with the evolution of technology. As technologies continue to evolve, basic numeracy and literacy and familiarity with digital technology will be essential. In this regard, improving the effectiveness of schools and education systems is a priority in many countries in the region where most students are in school but many are not learning. Strengthened social assistance, insurance programs and increased resilience to systemic shocks will be key to ensure the economically insecure are not left behind.
Economic resilience is particularly important in the Pacific Island Countries, and can be helped by building up sovereign wealth funds as well as improving access to temporary migration schemes. The World Bank Group, All Rights Reserved. You have clicked on a link to a page that is not part of the beta version of the new worldbank. Before you leave, we’d love to get your feedback on your experience while you were here. Thank you for agreeing to provide feedback on the new version of worldbank. What was the purpose of your visit to worldbank.
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Article on the history, meaning, and ways to celebrate Asian Pacific American Heritage Month as a way to commemorate and recognize the contributions of Asian Americans. Mapping Census 2000: The Geography of U. Frey, William, Bill Abresch, and Jonathan Yeasting. America by the Numbers: A Field Guide to the U. Asian American Studies: Identity, Images, Issues Past and Present. Cultural Compass: Ethnographic Explorations of Asian America. Dragon Ladies: Asian American Feminists Breathe Fire.
Wong, Sau-ling Cynthia and Stephen H. A Resource Guide to Asian American Literature. Yellow: Race in America Beyond Black and White. Asian Pacific Americans in the U. May is Asian Pacific American Heritage Month. Just as we celebrate the rich history and contributions of our Black, Latino, and American Indian brothers and sisters, so too should we recognize, appreciate, and celebrate the vibrant and diverse culture of Asian Americans.
To accompany this article, you can also read about 14 Important Statistics About the Asian American Population. Japanese immigrants arrived in the U. In 1978 President Carter made it an annual event and in 1990, President George H. Asian Americans and non-Asians usually celebrate by eating at Asian restaurants or attending one of the numerous APA Heritage festivals or parades organized each May by Asian American community organizations, where they can taste the different foods from various Asian countries, watch cultural performances, and learn more about Asian American history and culture.
Let there be no doubt that these kinds of celebrations are wonderful, fun, and highly recommended. At the same time, we should also keep in mind what it is we’re really celebrating. In other words, what does it mean to be proud of one’s Asian American heritage? For me, celebrating my APA heritage means lots of things. First, I am proud that the history of my ancestors goes back 20 generations — twice as long as the U.
The point is that I feel very fortunate to have two sets of cultures to enjoy — American and Vietnamese. Second, I’m proud to share in the accomplishments of all Asian Americans before me. That includes those who are well-known and famous who worked to shatter the old myths and stereotypes against us, like Bruce Lee, members of the 442nd Regimental Unit in World War II, and Maxine Hong Kingston — and those who remain relatively obscure in the realms of history but whose accomplishments are no less impressive and inspiring. Finally, I memorialize the sacrifices and suffering that many Asian Americans went through so that our community could unite and fight for their justice — heroes such as Fred Korematsu and Vincent Chin. May their legacy serve to inspire us for generations to come and may the lives of all those before me serve to illustrate the diversity and beauty of what it means to be Asian American.
How You Can Celebrate The following is written by Rodney Jay C. Salinas, formerly of the Rainmaker Political Group LLC, and he suggests different ways of celebrating APA Heritage Month. As a federal law, APA Heritage Month is observed throughout the country. Many federal departments and agencies host official observances during the month of May. Such events host important speakers, cultural performances, traditional foods, etc. Across the nation, local Asian Pacific American organizations host their own events to celebrate the month. But the true celebration begins with the individual.