Developing Asia is continuing along a stable growth path. Although the major industrial economies underperformed in the first half of the year, the region’s gross domestic product is expected to expand in 2014 and 2015.

Issuance of offshore renminbi-denominated bonds - or dim sum bonds - have skyrocketed since the first sale in 2007 in response to strong demand outside the People's Republic of China for exposure to the country's strong growth story.

The development and strengthening of knowledge-based economies is both an imperative and an opportunity for developing Asia to sustain high rates of growth in the future and avoid the middle-income trap.

This index aims to give policymakers a unique tool to measure progress in fostering creativity and innovation in 22 Asian economies, with the United States and Finland included for comparative purposes.

Climate change is likely to cause huge economic, social, and environmental damage to South Asia, a region already hard-pressed to lift a third of its 1.5 billion population out of poverty.

Regional cooperation and integration broadly continues to rise. While Asia’s intraregional trade share increased between 1990 and 2012, it ticked down in 2013 due to slower trade within East Asia and within South Asia. However, this is balanced by an ongoing increase in foreign direct investment and equity and debt holdings.

Developing Asia is expected to continue along its path of steady growth in 2014 and 2015. Moderating growth in the People’s Republic of China as its economy adjusts to more balanced growth will offset to some extent the stronger demand expected from the industrial countries as their economies recover.

In 2013, the region sold a record $141.5 billion of bonds denominated in US dollars, yen, and euros, of which $128.4 billion were issued by the region’s companies. Depreciation in home currencies would mean higher debt servicing costs at a time when the domestic economy is also likely to be weaker.

An ADB study details the potential costs of climate change in the Pacific – including modeling of future climate over the region, assessments of impacts on natural resources, tourism, and human health, and economic repercussions under various emission scenarios.

Emerging East Asia's local currency bond markets continue to expand but the region remains vulnerable to shifts in global investor sentiment amid expectation of tighter US monetary policy moving forward.