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Asia's Developing Future

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At the forefront of growth & development in Asia and the Pacific The Asian Development Bank Institute (adbi.org), Tokyo, is the think tank of the Asian Development Bank (ADB), Manila. It is the top regional studies center and the second-ranked government-affiliated think tank in the world. ADBI helps policy makers in developing Asia through research that focuses on medium- to long-term development, and through training that helps reduce poverty.

At the forefront of growth & development in Asia and the Pacific The Asian Development Bank Institute (adbi.org), Tokyo, is the think tank of the Asian Development Bank (ADB), Manila. It is the top regional studies center and the second-ranked government-affiliated think tank in the world. ADBI helps policy makers in developing Asia through research that focuses on medium- to long-term development, and through training that helps reduce poverty.
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Location:

Tokyo, Japan

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Podcasts

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At the forefront of growth & development in Asia and the Pacific The Asian Development Bank Institute (adbi.org), Tokyo, is the think tank of the Asian Development Bank (ADB), Manila. It is the top regional studies center and the second-ranked government-affiliated think tank in the world. ADBI helps policy makers in developing Asia through research that focuses on medium- to long-term development, and through training that helps reduce poverty.

Language:

English

Contact:

+81 3 35935500


Episodes

World oil prices have multiple effects on an energy-exporting economy

6/12/2018
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World oil price volatility affects the economies of the Organization of Petroleum Exporting Countries as well as their non-OPEC counterparts, but little attention is paid to non-OPEC economies, which don’t have a formal bloc to lobby for them. But non-OPEC energy exporters have taken a more significant role as oil demand has increased since the late 1990s. OPEC is no longer the main exporter, and the increased demand for oil, due in part to the rapid economic development of India and the...

Duration:00:06:43

Financial technology will help lower remittance costs for Asia

6/12/2018
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Fintech or, more fully, financial technology, is the buzz word in the startup world. But while the winners in this revolution are entrepreneurs and investors, there are clear benefits for the developing world. According to a new book from the Asian Development Bank Institute, Labor Migration in Asia: Increasing the Development Impact of Migration through Finance and Technology, lowering the cost of remittances for Asian workers employed in other parts of the world will improve the overall...

Duration:00:06:21

Revamped Pacific trade pact is an important step forward for development

6/5/2018
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Headlines about the rebirth of a trans-Pacific trade pact in Santiago, Chile in March have concentrated on the absence of the United States from the 11-nation agreement, or the trade gains expected for each of its signatories. But those aren’t the only issues at stake in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or TPP-11, signed among Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Viet Nam. Other...

Duration:00:03:52

Migrant workers add huge value to the countries where they work

6/5/2018
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As parts of the developed world tighten foreign worker laws and maintain a hostile rhetoric against “immigrants” and “refugees,” a new report shows Asian migrant workers add economic value to their new countries. US President Donald Trump is sending troops to the Mexican border to clamp down on unauthorized arrivals, and European leaders face a backlash for liberal migration policies, but Asian Development Bank Institute research debunks the myth that new migrants are a drain on the...

Duration:00:05:16

Attempts to slow the People’s Republic of China’s housing construction expose other problems

5/29/2018
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Ghost cities full of empty apartment blocks are evidence of the central government’s failure to slow booming house construction in the People’s Republic of China. Conflicting incentives for local government officials, and a lack of alternative investments in China, have meant even the toughest of restrictions haven’t been able to stop developers building ever more houses. The housing industry is a big part of China’s economy. Real estate accounts for one-sixth of its GDP, a quarter of...

Duration:00:05:12

China’s trade and investment slowdown could hamper developing Asia

5/22/2018
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A growth slowdown in the People’s Republic of China causing a decline in trade would be felt across Asia, with commodity exporters and trade partners closest to the country hit hardest. Although the region’s dependence on trade with China has been expanding fast, the effects of such a slowdown would not be catastrophic, says a new book published by the Asian Development Bank Institute. Read the transcript https://bit.ly/2x7Fyau Read the book...

Duration:00:05:10

China can sustain long-term growth, with a few changes at home

5/15/2018
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Domestic structural change is necessary if the People's Republic of China is to sustain economic growth of as high as 8% a year over the next 10 years. Research published in an Asian Development Bank Institute book, Slowdown in the People’s Republic of China, Structural Factors and the Implications for Asia, found the worldwide trade slowdown that followed the global financial crisis in 2008 is mostly to blame for the recent decline in China’s growth rate. Read the transcript...

Duration:00:05:32

Asia should promote domestic demand and lessen its reliance on electronic exports

5/8/2018
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The bulk of Asia’s exports runs through, rather than to, the People’s Republic of China, leaving the region more exposed to downturns and anti-trade sentiments in developed countries than to a domestic slowdown in China. Governments should promote domestic growth and trade within Asia to lessen that exposure, economists argue in a new book by the Asian Development Bank Institute, Slowdown in the People’s Republic of China, Structural Factors and the Implications for Asia. Peter Morgan,...

Duration:00:04:18

China’s declining growth is structural, not a cyclical downturn

5/8/2018
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The nature of the People’s Republic of China’s growth slowdown is a key question for the global economy. If it’s a bump in the road, growth in China should soon return to a high rate that can help support global growth. If it reflects deeper problems, the world may have to live without the contribution that has come to be expected from China’s hard-charging economy. Economists must first determine the factors behind China’s growth, which poses statistical problems. Read the transcript...

Duration:00:05:02

China is facing many of the problems Japan encountered as it strives for growth

4/26/2018
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The People’s Republic of China needs to refocus its economy to avoid slipping into an economic downturn that could be worse than the one Japan has suffered for more than the past 2 decades. Comparing the experience of the two countries shows that China faces many of the same issues that prompted the beginning of Japan’s long economic slide in the early 1990s. While some differences could help China avoid Japan’s pitfalls, others could make it even worse. Some economic fixes are needed, and...

Duration:00:04:35

Indonesia rice subsidy program improves children’s health

4/19/2018
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Hundreds of thousands of children in Indonesia are growing taller and heavier thanks to the government’s rice subsidy program, which ensures better nutrition despite flaws in the scheme. The government started RASKIN—rice for the poor—in 1998 to help poor and near-poor families cope with high food prices in the wake of the Asian financial crisis. Under the program, currently the largest in-kind subsidy scheme in Indonesia, eligible households across the country receive subsidized rice....

Duration:00:05:57

Green bonds offer a sustainable alternative for Asian development funding

4/11/2018
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Green bonds, which first appeared in 2007, finance projects that deliver environmental or climate benefits such as climate change mitigation and adaptation investments. The global green bond market is rapidly growing, from $3 billion in 2012 to more than $100 billion in 2017. The Nordic region, particularly Sweden, Norway, and Finland, has pioneered the issuance of green bonds and used specific mechanisms to access debt markets to issue green bonds. These bonds could be used by developing...

Duration:00:05:32

Japanese investors are looking overseas for returns, but avoiding developing Asia

4/4/2018
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Negative interest rates in Japan are leading banks, pension funds, and other investors to look overseas for better returns, but they are mostly ignoring developing Asia, and with rates rising in the US and Europe, that is unlikely to change. Alicia Garcia-Herrero, a prominent economist who has worked at the International Monetary Fund and is now chief economist for Asia-Pacific at the French investment bank Natixis, told the annual conference of the Asian Development Bank Institute that...

Duration:00:05:28

Low rates are hurting developing countries, says Bank of Thailand head

3/28/2018
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Ultra-low or negative interest rates in Japan, the United States, and Europe placed a difficult burden on other central banks and may threaten their independence in the future. Veerathai Santiprabhob, governor of the Bank of Thailand, told the annual conference of the Asia Development Bank Institute that, with interest rates low, central banks have taken to using macroprudential tools. They are tinkering with regulations to affect the actions of markets, investors and consumers, and...

Duration:00:05:21

Central banks are losing power to influence markets as interest rates hit zero

3/28/2018
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Central banks are running out of wiggle room, having lowered interest rates, in some cases to zero or negative, and are losing influence over markets becoming accustomed to a low-rate regime. “Forward guidance” is losing traction. Narayana Kocherlakota, former president of the Minneapolis Federal Reserve Bank, says central banks can try to guide public perception by hinting at their intentions, a practice known as forward guidance in banking circles, and he used to think that once interest...

Duration:00:05:08

The global agenda is evolving, and big players need to change the rules

3/22/2018
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Global governance has undergone significant change since the late 1990s, with the number of global players in health, trade, and development finance rapidly increasing, mobilizing more funds for health and development in developing countries, and spurring global trade. This trend has challenged the three most prominent intergovernmental bodies in these areas—the World Health Organization, the World Trade Organization, and the World Bank. They now need to adapt to a new world order where...

Duration:00:09:46

A crisis is coming in trade and water, part 2

3/14/2018
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Water may be saved through trade provided it moves from countries that use water wisely to those lacking water, as a coming water crisis—driven by climate change, neglect of infrastructure, and misguided policies—threatens global economic growth in countries struggling to develop, and in developed countries. Savings don’t refer to the volume of virtual water of the imported product, but to the volume of water the importers would have required to produce the same quantity of product....

Duration:00:19:49

China’s “shadow banking” after the 2007 global crisis yields unexpected results

3/7/2018
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China’s 2009 economic stimulus program after the global financial crisis led to the growth of shadow banking as local governments scrambled to pay off their obligations under the program. Regulators loosened borrowing rules to avoid a debt crunch, posing risks to the financial system, but in doing so accelerated China’s financial liberalization. Asian Development Bank Institute research details the unintended effects of the four-trillion-yuan stimulus plan launched to insulate China’s...

Duration:00:04:37

A crisis is coming in trade and water, part 1

3/7/2018
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A coming water crisis, driven by climate change, neglect of infrastructure, and misguided policies, is threatening global economic growth in countries struggling to develop, and in developed countries, too. The water crisis is partly due to climate change and the increasing unpredictability of weather, but a lot has to do with the behavior of global trade, trade policies, and institutions that believe water is inexhaustible. It is not. By 2050, global demand for water will have risen by...

Duration:00:12:20

Developing countries need to fix domestic problems to best benefit from globalization

2/28/2018
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Developing countries can benefit from globalization if they fix potential problems at home before opening their economies. Failing to do so can multiply local problems as money streams across borders, suggests ADBI research. For a number of reasons, developing countries might end up worse off if they allow their currencies to float freely and remove controls on money flowing in and out of their country before putting in place strong financial foundations. Economists generally agree that...

Duration:00:03:29