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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

Better financial literacy and inclusion would strengthen Azerbaijan’s financial sector

9/19/2018
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The drop from peak oil prices is testing Azerbaijan’s economy and its people’s ability to adjust to a more modern financial system. For the decade from 2006 to 2016, few economies were as dynamic as Azerbaijan’s. Petroleum reserves brought boom times and the economy grew by 35% in the year 2006 alone. But the prosperity concealed a troubling undercurrent. When oil prices began dropping beginning in 2014, Azerbaijan’s economic resilience was tested. Read the transcript https://bit.ly/2xtRsJx...

Duration:00:06:20

Improve competition, laws, and regulation to lessen role of chaebol in Republic of Korea

9/19/2018
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Big family business groups known as chaebol still dominate in the Republic of Korea, stifling the growth of other businesses and causing investors to look twice before putting money in the country. These huge diversified companies led the country’s emergence but have since become a drag on its growth. A recent report by the Organisation for Economic Co-operation and Development looked at the issue. Randall Jones, head of the OECD’s Japan and Korea desk, suggested some ways to fix the problem...

Duration:00:03:55

Can we make money from waste?

9/11/2018
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By 2050, half the world’s population will live in Asia and the Pacific. Each year, Asian cities’ total population increases by as many as 44 million people. In their wake are millions of tons of solid waste. The People’s Republic of China alone produces almost 150 million tons of waste every year, with the figure rising 8% to10% annually. India generates about 133,760 tons of solid waste per day, of which some 91,000 tons are collected and only around 26,000 tons treated. Economist Farhad...

Duration:00:04:12

Republic of Korea should consider the impact of the minimum wage before hiking it again

9/11/2018
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The Republic of Korea should hold off on increasing the minimum wage for a year or so while it considers the effect of past hikes. That’s the recommendation of the Organisation for Economic Co-operation and Development. Randall Jones, head of the OECD’s Japan and Korea desk, explained why at an event hosted by the Asian Development Bank Institute. Read the transcript https://bit.ly/2CJgklq About the speaker Randall Jones is head of the Orgnisation for Economic Co-operation’s Japan and Korea...

Duration:00:03:40

High-speed railway projects need careful study to ensure success

9/4/2018
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Fifty years after Japan launched its high-speed railway line, there’s no denying it’s been a game-changer. Run by Japan National Railways, the shinkansen cuts travel time between historical economic centers and connects a network of cities. It’s the spine of one of the most important regional economic belt developments in the world. It’s spurred economic growth in the cities it serves and transformed the country’s economy to what it is today. It’s no surprise other countries are looking at...

Duration:00:03:12

Global outsourcing comes with environmental costs

9/4/2018
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Outsourcing may mean bigger profits for companies seeking cheaper ways to produce goods and services, but it’s not all good news for the host countries. For the countries in the South that welcome the factories of companies from the wealthier North, outsourcing comes with environmental costs. The People’s Republic of China, considered the world’s factory, is an example. Since China joined the World Trade Organization in 2001, there has been an influx of companies moving their factories to...

Duration:00:03:55

Will financial liberalization trigger an economic crisis in China?

8/28/2018
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Financial liberalization is typically associated with bringing benefits to emerging economies—cutting red tape, boosting growth, expanding trade, and creating jobs and opportunity. Is it just what China needs as the country’s leaders grapple with how to guide it to the next level? Or would it bring with it added risks to China’s economy? And could those risks trigger a crisis? Read the transcript https://bit.ly/2ok9jxy Read the working paper...

Duration:00:06:01

Innovative firms in the People’s Republic of China are redefining manufacturing

8/28/2018
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Since at least the beginning of the 1990s, economists have noted that innovation is indispensable to competitive advantage. But what about for manufacturing? Conventional wisdom has long been hostile to altering proven production methods. But this is changing. Take the example of the People’s Republic of China. Twenty-two years after the government’s 1978 economic reforms, China’s global manufacturing output was one-quarter that of the United States. Eleven years later, China had eclipsed...

Duration:00:08:00

Five global megatrends are forcing electric utilities to rethink the way they do business

8/21/2018
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Electric utilities around the world are expected to be greatly transformed by deregulation, climate change, the rise of renewable energy, new technologies, declining populations, and changing user needs. The transformation will eventually see the power grid’s integration with industries such as water, gas, transportation, among others, which ultimately could mean better service. A factor driving the changes is the need to reduce greenhouse gas emissions. Electricity and heat production is...

Duration:00:07:58

Harnessing innovation is the path to growth in developing countries

8/21/2018
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For ambitious economies that have recently overcome historical economic obstacles and become stable and vibrant engines of growth, the question now is how to make growth sustainable and inclusive. For the People’s Republic of China and India, innovation is now the key to their economic futures. Yet the legacies of their growth present troubling issues, chiefly environmental degradation. Both economies are also striving to avoid the middle-income trap that can, in the case of China, undermine...

Duration:00:07:42

Asia needs better financial monitoring and safeguards as integration increases

8/14/2018
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Asian economies and financial systems are becoming ever more integrated, but their monitoring has not kept pace and better safeguards are needed. This is especially true for cross-border issues. Peter Morgan, co-chair of research at the Asian Development Bank Institute, says that Europe can provide a valuable guide to developing the necessary institutions in Asia. Read the transcript https://bit.ly/2Mi3WII Read the book...

Duration:00:06:10

Solar energy use is growing fast as production costs plunge

8/14/2018
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Solar energy is growing fast as total capacity worldwide surges with the decline of solar-panel prices. It’s cheap and it works. How to further reduce the price of solar panels has become an important topic as solar electricity’s share of the overall energy supply grows globally. Several studies have focused on manufacturing and technological developments as the main reasons behind the most recent drop in global solar-panel prices. But a more recent study done for the Asian Development Bank...

Duration:00:03:26

So far, so good, for emerging Asia but financial, monetary challenges remain

8/7/2018
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Asian emerging market economies adopted a range of measures after the Asian financial crisis in the late 1990s to shelter themselves from economic and financial contagion. So far, those moves have succeeded. But with new challenges rising, some of the tools they turned to may need readjusting so that they don’t cause more problems than they cure. Hans Genberg, executive director of the Southeast Asian Central Banks Research and Training Centre, in Kuala Lumpur, Malaysia, suggests that, at...

Duration:00:05:17

Democratic People's Republic of Korea could become a market economy in 20 to 25 years

8/7/2018
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The People’s Republic of China’s integration into the global economy and East and West Germany’s reunification show the Democratic People's Republic of Korea — or the DPRK — how it might become a market economy within 20 to 25 years. Naoyuki Yoshino, dean of the Asian Development Bank Institute, told the Foreign Correspondents Club of Japan that the DPRK could also look to the success of other Asian countries in using domestic savings to kick-start growth. Other key ingredients for a...

Duration:00:07:22

Steel trade war threatens to bring back “dark ages” in world commerce

8/1/2018
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A brewing trade war over steel is threatening to bring the world back to the economic “dark ages” when countries used trade curbs to retaliate politically against rival governments. The World Trade Organization and its members must find ways to ease tensions between rival countries and look for innovative ways to ensure global trade rules remain relevant and adaptive to the challenges of the present and the future. It may mean revisiting the WTO and the role it can play in trade governance....

Duration:00:03:44

Economic models show China yuan shift, Malaysia–Singapore reactions, were best options

8/1/2018
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The People’s Republic of China’s gradual shift from a currency policy pegged to the US dollar to one that tracks the movements of a range of currencies was the correct choice given the challenges, and neighbors Malaysia and Singapore were best served by reacting in a similar way. That’s the conclusion of research presented in Global Shocks and the New Global and Regional Financial Architecture, Asian Perspectives, a new book by the Asian Development Bank Institute. The vulnerability of the...

Duration:00:05:14

Using diversified energy in agriculture can protect food security

7/24/2018
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Energy price shocks—negative and positive—can have a powerful economic knock-on effect, especially on food prices where food is scarce. Even though great strides have been made since 1945 in feeding Asia’s huge populations, more than 500 million people still face food insecurity. Of the world’s undernourished, almost 65% live in Asia. Food insecurity stems from the link between energy prices and food prices, among other causes. A survey of Bangladesh, the People’s Republic of China,...

Duration:00:04:07

Trade opening transformed Indian industries

7/24/2018
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When India started opening its markets to international trade in the 1990s, what impact did it have on manufacturing and labor’s share of income? The answer lies in an analysis of plant-level data, which requires classifying industries as labor, human capital resource, or technology intensive. But first, what pushed India to open its doors? Read the transcript https://bit.ly/2Ofyop5 Read the working paper...

Duration:00:05:37

Global and Asian financial oversight needs updating before the next crisis hits

7/17/2018
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Recent financial crises have highlighted the need to update the global institutions for financial and economic oversight that were founded more than 70 years ago, and their Asian counterparts that have been developing over the last 20 years. The evolution of financial markets and monetary policy makes it increasingly obvious that the coordination between organizations as well as the organizations themselves need to be better suited to modern reality. Peter Morgan, co-chair of research at the...

Duration:00:05:55

Crisis to opportunity—Asia and the Pacific are more integrated since 2008

7/17/2018
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Asia and the Pacific have deepened economic integration through trade and foreign direct investment since the early 1990s. But financial market integration within the region has not progressed as quickly. ADBI research examining cross-border portfolio assets and liabilities in Asia and the Pacific from 2001 to 2017 shows that rapid increases in portfolio foreign assets and liabilities have taken place, particularly after the global financial crisis of 2008–2009. The crisis and the subsequent...

Duration:00:07:44