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ADBI launches latest book on trade and the SDGs at the WTO
ADBI’s Matthias Helble and co-editor Ben Shepherd of Developing Trade Consultants launched the latest ADBI book, Win-Win: How International Trade Can Help Meet the Sustainable Development Goals, at the 6th Aid for Trade Global Review on 13 July in Geneva. The book maps out a triple win scenario whereby good trade policy spurs international trade, fosters development, and supports the achievement of the SDGs. Download the book.
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ADBI offers innovative ways to finance climate change mitigation and adaptation
ADBI organized a workshop on 5–6 July to tackle financing needs and possible funding sources to fight climate change in developing Asia and the Pacific, where economies are becoming more susceptible to the impact of climate change. ADBI Dean Naoyuki Yoshino discussed a new and potentially transformative idea to fund climate change mitigation and adaptation strategies using local finance, based on the idea of hometown investment trust funds. Other possible funding sources such as bilateral and multilateral funding, and government–private sector financing were also explored. Dean Yoshino provided the keynote speech and ADBI Deputy Dean Chul Ju Kim gave opening remarks. Read more.
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Use spillover effects to attract more investment in infrastructure
At a seminar held at the World Bank on 22 July, ADBI Dean Naoyuki Yoshino discussed how to use spillover effects from infrastructure projects to attract more investors. Development of good infrastructure increases revenues in the form of corporate tax, income tax, sales tax, and property tax, and part of this revenue could be returned to investors to encourage more private investment, said Dean Yoshino.
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ADBI offers three ways to fund clean energy projects in CAREC countries
At the CAREC Energy Investment Forum held on 18–19 July, as part of the Astana EXPO 2017 in Kazakhstan, ADBI Dean Naoyuki Yoshino recommended (i) using pension and insurance funds to finance big energy projects, (ii) returning tax revenues from spillovers of infrastructure projects to attract private investors, and (iii) employing hometown investment trust funds in local communities for small-scale solar and wind projects. The event was organized by ADBI in cooperation with ADB and the Kazakhstan Ministry of Energy. It was attended by representatives from export-import banks, export credit agencies, multilateral development banks, insurance providers, and government officials from 11 CAREC member countries.
Books
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Win-Win: How International Trade Can Help Meet the Sustainable Development Goals
The objective of this book is to demonstrate to the international development community, including policy makers in developing countries, the contribution that international trade can make to achieving the SDGs.
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Safeguarding the Rights of Asian Migrant Workers from Home to the Workplace
This book reviews recent regional migration trends, highlights the growing number of labor migrants in Asia and examines the policy question of how to best safeguard their rights.
Latest
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The PRC should shift gradually from a dollar peg to a basket peg while Malaysia and Singapore should move slowly to a basket peg regime.
Optimal Dynamic Path during the Transition of Exchange Rate Regime: Analysis of the People’s Republic of China (PRC), Malaysia, and Singapore
Income inequality increases with population aging due to a shrinking labor force.
Aging and Inequality: The Perspective of Labor Income Share
While structural change increases inequality, trade and foreign direct investment reduce it.
Structural Change, Trade, and Inequality: Some Cross-Country Evidence
The relocation of coastal manufacturers to the People's Republic of China's inland provinces could revitalize the country's national competitive advantage.
Industrial Transfer and the Remaking of the People’s Republic of China’s Competitive Advantage
Hometown investment trust funds, with revenues from taxes on pollutants, could provide much-needed finance for green energy projects.
Alternatives to Bank Finance: Role of Carbon Tax and Hometown Investment Trust Funds in Developing Green Energy Projects in Asia
