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2015 Economic Outlook for Southeast Asia, China and India 2015

Strengthening Institutional Capacity

image of Economic Outlook for Southeast Asia, China and India 2015

The Economic Outlook for Southeast Asia, China and India is an annual publication on Asia’s regional economic growth, development and regional integration process. It focuses on the economic conditions of the Association of Southeast Asian Nations (ASEAN) member countries  – Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam –, and also addresses relevant economic issues in China and India to fully reflect economic developments in the region. The Outlook provides an annual update of regional economic trends and policy challenges, and a thematic focus which is specific to each volume. The 2015 edition of the Economic Outlook for Southeast Asia, China and India comprises two main parts, each highlighting a particular dimension of recent economic developments in the region. The first part presents the regional economic monitor, depicting the medium-term economic outlook and macroeconomic challenges in the region. The second part consists of three chapters on “institutional capacity”, which is the special thematic focus of this edition.

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Institutions for effective implementation of national medium-term plans in Emerging Asia

OECD Development Centre

Medium-term development plans, which are used to co-ordinate government economic, social and environmental policies, can be used as benchmarks against which to measure performance and institutional capacities. This chapter includes country case studies on planning and plan implementation in the ASEAN-5 countries (Indonesia, Malaysia, Philippines, Thailand and Viet Nam), together with Myanmar, China and India. Although these countries have generally identified priority areas for growth well, they have uneven track records when it comes to meeting the targets they set. The recognition of areas of relative weakness should therefore be used to help identify targets that require rethinking or more effective implementation efforts. In general, greater attention could be paid to target setting and co-ordinating activities within government. Broad reforms to medium-term budgeting, supervision of line ministries and agencies, data collection, and staffing selection and incentivising can all help support effective implementation.

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