To meet the development challenges of a rapidly-changing Asia-Pacific region, ADB is realigning its operations to emphasize inclusiveness, build resilience, and focus on solutions for middle-income countries.
In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 2 links East Asia to the Mediterranean and southern Europe - with trade expanding in recent years following the implementation of the People’s Republic of China’s “go west” policy.
In Central Asia, six CAREC corridors link the region’s economic hubs to each other and connect the landlocked CAREC countries to other Eurasian and global markets. Corridor 1 - the most active of the six - links Europe to East Asia, traversing the Russian Federation border to the People’s Republic of China via Kazakhstan and the Kyrgyz Republic.
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.
ADB is an international development finance institution. We provide loans, grants, and expertise to our developing member countries to help reduce poverty and create a world in which everyone can share the benefits of growth.
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.
A series of new studies from the Asian Development Bank analyze and focus on gender equality in labor markets in Cambodia, Kazakhstan and the Philippines, while also examining global best practices in law and social economic policies which have helped encourage greater equality in the workforce.