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Ideas for Developing Asia and the Pacific

ADBI News Blurbs

October 2021
Series Coeditors, Book Authors Explore Asia’s Post-Pandemic Sustainable Recovery Options

ADBI Series on Asian and Pacific Sustainable Development Coeditors ADBI Dean Tetsushi Sonobe and Yale University professor Rohini Pande helped to launch its inaugural book, COVID-19 Impacts and Policy Options: An Asian Perspective, during a webinar on 14 October. Dean Sonobe said the book underscores the deepened importance of evidence-based policy solutions for advancing inclusion and sustainability after the pandemic. Professor Pande added that it provides timely insights on driving Asia’s return to growth based on enhanced social protection, redistribution, and climate mitigation. The book’s coeditors and contributors went on to assess COVID-19’s implications for Asia’s economy and onward policy development. View the webinar recording.

October 2021
Inaugural ADBI Series Book Assesses COVID-19 Economic Recovery Next Steps

The newly published inaugural book in the ADBI Series on Asian and Pacific Sustainable Development provides crucial insights into the economic effects and policy implications of the COVID-19 pandemic in the region. COVID-19 Impacts and Policy Options: An Asian Perspective describes the pandemic’s macroeconomic impacts and disproportionately negative economic effects on the region’s low-income households and small firms, particularly in less-developed countries. It also examines COVID-19’s implications for longer-term structural changes in the region’s economy and its key post-pandemic recovery needs. View the summary video and launch webinar recording.

October 2021
ADBI Dean Urges Greater Research Support for G20 Sustainable Recovery Efforts

The Group of 20’s (G20) role in advancing COVID-19 recovery and globalization solutions was explored during the 13th Annual International G20 Conference cohosted by the Indian Council for Research on International Economic Relations, ADBI, and partners on 6-8 October. ADBI Dean Tetsushi Sonobe called on think tanks to focus more on providing evidence-based policy guidance that could be trusted by the global community and help bolster sustainable and inclusive growth. India’s Finance and Corporate Affairs Minister Nirmala Sitharaman and G20 Sherpa Piyush Goyal also outlined the country’s G20 2023 presidency roadmap.

October 2021
T20 Policy Brief Promotes Sustainable Infrastructure Investment Beyond COVID-19

Infrastructure financing models for addressing post-COVID budget constraints and building green and inclusive economies are the focus of a new Think20 (T20) Italy policy brief coauthored by ADBI’s Dean Tetsushi Sonobe, Dina Azhgaliyeva, and Nella Hendriyetty. An example includes rebalancing policy priorities in favor of infrastructure growth, innovative financing, and governance enhancements to create fiscal space. The policy brief also discusses several financing models, such as public–private partnerships, for mobilizing private sector finance in infrastructure.

October 2021
ADBI Advisory Council Discusses Institute’s Role in Meeting Post-COVID-19 Policy Needs

ADBI Advisory Council (AC) members examined how ADBI can further support post-COVID-19 policy innovation and recovery in Asia and the Pacific during their virtual meeting on 7 October. A greeting from ADB President Masatsugu Asakawa delivered by ADB Managing Director General and AC member Woochong Um set the tone for the discussion, which focused on ADBI’s strategic direction under Dean Tetsushi Sonobe amid the continued prevalence of COVID-19 infections and fast-changing economic and social conditions. This includes assessing ADB developing member countries’ onward policy research and capacity building needs, enhanced data collection and use, gender and geographic inclusion, partnership-building, and targeted outreach and knowledge product delivery. AC members also addressed ADBI’s operations and work program.

October 2021
Expert Assesses Role of Global Value Chains in Scaling Up Chinese Exports, Innovation

Yuqing Xing of the National Graduate Institute for Policy Studies in Tokyo explained the role of global value chains (GVCs) in boosting export performance and high-technology development in the People’s Republic of China (PRC) during an ADBI Featured Speaker Webinar on 5 October. He discussed GVC spillover effects related to promoting brand profiles, expediting technology and product innovation, and streamlining distribution and retail networks, drawing upon his new book Decoding China’s Export Miracle: A Global Value Chain Analysis. He also described the PRC’s mobile phone sector evolution from low- to high-value-added models via GVC participation. View the webinar recording.

October 2021
ADBI Spotlights Post-COVID-19 Green Infrastructure Solutions in New Report

ADBI’s Nella Hendriyetty, Keio University’s Naoyuki Yoshino, and Derek Hondo describe ways to boost post-COVID-19 private investment in green infrastructure in a new Italian Institute for International Political Studies-McKinsey & Company report. In their opening chapter of The Global Quest for Sustainability: The Role of Green Infrastructure in a Post-Pandemic World, they examine infrastructure spillover effects and innovative private financing schemes to address increasing budget constraints. They also urge strong political leadership, appropriate regulations and frameworks, and harnessing digitalization to optimize green infrastructure impacts.

October 2021
ADBI–Stanford University Build Asia’s Sustainable Development Policy-Making Capacity

Government officials from developing Asia explored keys to effectively produce and apply case studies for promoting sustainable development policy making during an annual ADBI–Stanford University training program on 28 September–1 October. They examined ways to identify engaging case study content that could be shared within government agencies to enhance fellow officials’ understanding of public policy mechanics and their policy development capacity. One case study produced by a 2020 training program participant on Philippine COVID-19 social protection efforts was notably featured during the ADB Knowledge Forum held on 1 October.

October 2021
ADBI-Central Bank of Sri Lanka-APAEA Examine Road Ahead for Monetary Policy in Emerging Asia

Onward monetary policy and central banking imperatives for emerging Asia were the focus of an ADBI-Central Bank of Sri Lanka (CBSL)-Asia-Pacific Applied Economics Association (APAEA) virtual workshop on 30 September, opened by CBSL Governor Ajith Nivard Cabraal and ADBI Dean Tetsushi Sonobe. ADBI’s John Beirne assessed the impacts of foreign monetary policy shocks in Asia and how to mitigate related financial stability risks, while ADBI’s Trinh Long discussed Japan’s industrial linkage-economic policy uncertainty nexus. Central bankers and researchers also explored post-COVID-19 challenges for monetary policy in Asia, including supporting sustainable growth, providing respite for stock markets in crisis times, and managing external vulnerabilities linked to global capital flows and global risk aversion shifts.

October 2021
Authorities, Experts Spotlight Disruption-Resilient Competition Policy Keys for East Asia

COVID-19-driven digital disruption challenges to effective competition policy and enforcement were discussed during the 16th East Asia Top Level Officials’ Meeting on Competition Policy and 13th East Conference on Competition Law and Policy on 29 September, cohosted by ADBI, the Japan Fair Trade Commission, and Competition and Consumer Commission of Singapore. Competition authorities and experts described keys to leveling the playing field between markets amid accelerating digitalization and how it could support COVID-19 recovery. They urged keeping laws relevant, aligning policies across jurisdictions, algorithm transparency, and adopting new assessment and enforcement tools.