ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Jesus Felipe
Author
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Education and the Evolution of Comparative Advantage
This paper provides the first evidence that countries with high education levels were more successful in developing comparative advantage in products unrelated to those they already export.
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How “Monetization” Really Works—Examples from Nations’ Policy Responses to COVID-19
This paper explains why "monetization"—commonly equated with "printing money"—is operationally impossible and why inflationary concerns are misplaced, drawing on coronavirus disease (COVID-19) policy responses of selected countries.
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An Analysis of the Worldwide Response to the COVID-19 Pandemic: What and How Much?
This paper analyzes actions and financial packages implemented to combat the coronavirus disease (COVID-19) pandemic by ADB’s 68 members, the European Central Bank, and the European Union.
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The Illusions of Calculating Total Factor Productivity and Testing Growth Models: From Cobb–Douglas to Solow and Romer
This paper shows why aggregate production functions seem to work empirically.
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Is Employment Globalizing?
This paper investigates the claim that national labor markets have become more globally interconnected in recent decades.
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The PRC's Long-Run Growth through the Lens of the Export-Led Growth Model
This analysis has important implications to understand the People's Republic of China's transition to a “New Normal” of a lower growth rate.
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Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 1)
The single most important factor that explains East Asia’s development success was its fast structural transformation toward industrialization, manufacturing in particular.
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Asia’s Industrial Transformation: The Role of Manufacturing and Global Value Chains (Part 2)
Growth rates approaching 10% per annum in East Asia required active governments that directed and consciously accelerated industrial development through the use of industrial policies.
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Why has the Philippines’ Growth Performance Improved? From Disappointment to Promising Success
The Philippines posted an average growth rate of 6.4% during 2010–2017, quite impressive for historical standards.
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The Debate about the Sources of Growth in East Asia after a Quarter of a Century: much ado about nothing
The 1990s witnessed perhaps one of the most important debates in the history of growth and development on the sources of growth in East Asia.
Editor
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Development and Modern Industrial Policy in Practice
A key aspect of modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century.