Globalization—including international trade, capital flows, financial market integration, global value chains, and spillover of macroeconomic policies—may upend countries’ economic stability. Governments need institutional, legal, and financial tools to reduce volatility. The ADB Institute, Chinese University of Hong Kong (Shenzhen), and Shenzhen Finance Institute organized the Conference on Globalization and Economic Stability on 11–12 December in Tokyo. The event brought together distinguished speakers from academia, central banks and international organizations, including the Bank for International Settlements, Bank of England, European Central Bank, Hong Kong Monetary Authority, and International Monetary Fund. Among the topics they discussed were financial globalization; trade, growth, and stability; global value chains; and unconventional monetary policy and global effects.
Asian Development Bank Institute (ADBI) hosted its 20th Annual Conference on Managing Private and Local Government Debt on 30 November–1 December in Tokyo. Speakers examined debt increases and their impacts, identified better ways to lower potential risks, and explored innovation in debt management to promote sound and sustainable socioeconomic growth in and outside Asia. Some 38 experts and senior officials from ministries of finance, central banks, or reserve banks of selected countries, ADB, the Organisation for Economic Co-operation and Development, the World Bank, and other international organizations spoke during the 2-day event. About 200 people attended. ADB President Takehiko Nakao delivered the keynote speech.
Households throughout Asia can avoid debt overhang by learning from Japan’s experience with financial education. This was the highlight of ADBI Dean Naoyuki Yoshino’s well-received presentation at the Bank of Thailand on 9 January in Bangkok, Thailand.
Experts presented cutting-edge research on firm productivity and innovation at the macro and micro levels, as well as the progress in developing unified codes for firm databases in Asia to facilitate international comparisons. Academics and think tank and government researchers attended the ADBI-hosted workshop of the Productivity Research Network in Asia on empirical research on productivity and innovation on 11–12 September 2017 in Tokyo. It was jointly organized with the National University of Singapore Business School and the Singapore Government Investment Corporation. ADBI Dean Naoyuki Yoshino and ADBI Research Department Co-Chair Peter Morgan chaired sessions, and ADBI project consultant Long Q. Trinh presented on the Vietnamese firm database.
- Opening-up in the upper middle-income stage: Implications from international experiences
- New challenges, opportunities, and strategic choices for financing sustainable urbanization in the PRC
- Innovations in managing local government debt in the People’s Republic of China
- International outsourcing, environmental costs, and welfare
- Myths and Observations on Unconventional Monetary Policy: Takeaways from Post-Bubble Japan
- Seminar: Current Issues in Economics and Finance for Officials of Afghanistan Ministry of Finance
- 8th ADBI-OECD-ILO Roundtable on Labor Migration in Asia
- Integrated Water Resources Management Training for Sustainable Development
At a Glance: Food Insecurity in Asia: Why Institutions Matter
Over 500 million Asians still suffer from hunger. This report examines the role of institutions in fighting food insecurity in selected Asian countries.
Central and Local Government Relations in Asia: Achieving Fiscal Sustainability
This book’s insights are essential for policy makers in Asia and academics and researchers in the areas of economic development, public finance, and fiscal policy as well as development aid officials, multilateral banks, and NGOs.