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Aging in Asia
Prominent researchers discussed public pensions, long-term care, health insurance, inequality, macroeconomic policy, and other issues related to Asia’s aging population at a workshop organized by ADBI and the Asian Growth Research Institute (AGI) in Kitakyushu, Japan on 15-16 November. They examined the implications of population aging for the economy as well as for society and how prepared Asian countries are for these challenges. ADBI’s Dean Naoyuki Yoshino, ADBI's Senior Consultant for Research Peter Morgan, and Charles Horioka and Yoko Niimi of AGI gave presentations. Professor Naohiro Yashiro of Showa Women's University delivered the keynote address. Read more.
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Financial education needs to start early
To avoid a future financial crisis, people must be encouraged to save and invest in financial products such as insurance, investment trusts, mutual funds, stocks, and bonds, said Dean Yoshino at the International Seminar on Financial Literacy for Youth held in Bangkok on 14 November. He also said that financial education should be included in the school curriculum to better equip young people to make the right investment choices later in life. Over 200 people participated in the all-day event. Over 200 people participated in the all-day event including policy makers and stakeholders.
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Inaugural ADB-ADBI Forum on Governance and Institutions held in Tokyo
Senior officials from selected Developing Member Countries, together with ADB and external experts, discussed governance issues regarding domestic resource mobilization at a forum on governance and institutions held on 10-11 November at ADBI. Japan Finance Vice Minister Masatsugu Asakawa and Global Forum Head of Secretariat Monica Bhatia helped put the issues in perspective. A video welcome message given by ADB Vice-President Bambang Susantono was shown at the event. Read more. Watch video.
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Integrating SMEs into Global Value Chains
Integrating small and medium-sized enterprises (SMEs) into global value chains is crucial for ensuring sustainable economic growth. By participating in global value chains, SMEs can get access to a large customer base, as well as acquire the necessary knowledge from larger firms on how to engage and survive in the global marketplace. ADBI, the Central Asia Regional Economic Cooperation (CAREC) Institute, and the Asia-Pacific Finance and Development Institute (AFDI) organized a workshop focusing on these issues on 2-3 November in Shanghai, People’s Republic of China. ADBI Dean Naoyuki Yoshino gave the opening remarks along with CAREC Institute Director Kubat Umurzakov, and AFDI Director Runzhong Peng. Read more.
Latest
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Europe’s experience offers lessons for Asian policy makers on the need for a harmonized microprudential framework, proper macroprudential structures, and greater participation in global financial authorities.
Reforms to the European Union Financial Supervisory and Regulatory Architecture and Their Implications for Asia -
Land policy in the People’s Republic of China (PRC) needs to be revised to allow the market to determine the allocation of land resources.
Land Policy and Urbanization in the People’s Republic of China -
The more dependent on government transfers a province is, the higher the likelihood that it will go into deficit.
Fiscal Decentralization and Local Budget Deficits in Viet Nam: An Empirical Analysis -
Given a poverty line, a person who is non-poor (poor) currently may not be treated as non-poor (poor) in a vulnerable situation. The poverty line is adjusted in the presence of vulnerability such that the utility of a person at the current poverty line...
Measuring the Impact of Vulnerability on the Number of Poor: A New Methodology with Empirical Illustrations -
The concept of vulnerability to poverty remains underexplored but further research could allow for a distinction between chronic poverty and transient poverty.
Concepts and Measurement of Vulnerability to Poverty and Other Issues: A Review of Literature -
The extent of poverty appears greater when taking into account the existence of reference groups.
A Poverty Line Contingent on Reference Groups: Implications for the Extent of Poverty in some Asian Countries
