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Countries need to adopt new regulations and technologies to counter an estimated $66 million net welfare loss by 2040.
Privatization and corporatization can reduce costs, raise productivity, and improve social welfare.
The Korea Educational Broadcasting System has helped reduce inequality and costs in education in the Republic of Korea over the past 40 years.
In the Republic of Korea, a mobile and low-cost motorcycle inspection system was developed for commercialization and export.
Policymakers should focus on long-term strategic plans such as zoning of territories based on potential water sources when designing water and sanitation solutions for communities.
Technology can help reboot the tourism sector by enabling contactless and digital transactions and mapping COVID-19 infections for disease control.
A Philippine distiller has demonstrated how to turn wastewater into clean energy and fertilizer, highlighting the cost effectiveness of green solutions to pollution.
Digital finance promises to be an effective means of reaching the unbanked, but its use must be accompanied by consumer information and education.
The city-state offers a good case example for other Southeast Asian countries vying to become tech and innovation hubs.
Among the lessons: Make inclusive investments in education, sanitation, and health in order to avoid enclaves of rich and poor.