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.
Donghyun Park
Mr. Park specializes in economic forecasts and trends. He is among those who work on the annual Asian Development Outlook, ADB's flagship publication forecasting economic trends in the region. He belongs to ERD, which handles data analysis and database development and management to enhance the effectiveness of ADB's aid and contribution to a country's development strategy.
Author
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Local Currency Bond Market Development and Currency Stability amid Market Turmoil
This study examines the association between local currency (LCY) bond market development and currency stability.
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Asia’s Low-Carbon Transition: Opportunities and Challenges for Trade
This paper finds the green trade pattern of Asian economies is increasing in terms of its export share within the region and in global trade. However, the green imports share showed faster growth than the exports share. -
Social Benefits of Clean Energy: Evidence from Bangladesh
Using the three rounds of the Bangladesh Integrated Household Surveys, this study attempts to quantify the welfare effects of solar adoption. -
Technology and Wage Share of Older Workers
This paper examines the impact of technological change on the wage share of older workers, using data from 30 countries experiencing population aging. -
Population Aging, Silver Dividend, and Economic Growth
This paper looks at the potential for a silver dividend for economic growth in aging societies as people live and work longer. It examines data from both high- and lower-income economies. -
Bond Market Spillover Networks during the Global Pandemic: What We Learned from ASEAN-4 Markets
Market integration is more strongly linked with global markets than with regional markets.
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Entrepreneurship and Economic Growth: A Cross-Sectional Analysis Perspective
This paper presents empirical evidence that different types of entrepreneurship have varied effects across economies based on a cross-sectional analysis of the relationship between entrepreneurship and economic growth.
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Does Corruption Discourage Entrepreneurship?
In this paper, the authors examine the relationship between corruption and entrepreneurship employing two widely used proxies from the Global Entrepreneurship Monitor and the World Bank Group Entrepreneurship Survey.
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Digital Divide Decoded: Can E-Commerce and Remote Workforces Enhance Enterprise Resilience in the COVID-19 Era?
Using a sample of more than 12,000 firms in 32 countries, this paper empirically examines the impact of digital technology on the resilience of enterprises during the coronavirus disease (COVID-19) pandemic.
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Developing Asia’s Fiscal Landscape and Challenges
This paper analyzes how substantial fiscal policy stimulus in response to COVID-19, combined with the impact of the downturn on revenues, has severely weakened public finances in many developing Asian economies.
Editor
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Wellness for a Healthy Asia
This book sets out concrete policy options for promoting wellness among all Asians.
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Infrastructure Financing in Asia
This book highlights how private financing can help address Asia’s huge infrastructure investment needs. It discusses innovation and the role of bond markets and green bonds.
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From Stress to Growth: Strengthening Asia's Financial Systems in a Post-Crisis World
Scholars affiliated with the Peterson Institute for International Economics and ADB argue in separate essays that Asian systems must strengthen quality, diversity, and resilience to future shocks in order to deliver growth in coming years.
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Inequality, Inclusive Growth, and Fiscal Policy in Asia
Developing Asia’s sustained rapid growth has improved general living standards and lifted hundreds of millions of Asians out of poverty within a generation. Yet the region now finds itself confronting rising inequality.
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Asia’s Energy Challenge: Key Issues and Policy Options
This book examines key issues and policy options in the development of Asia’s energy security.
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Developing the Service Sector as an Engine of Growth for Asia
Developing the service sector can yield far-reaching benefits for Asia’s economy. The service sector already accounts for a substantial share of developing Asia’s output, employment, and growth.
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Pension Systems in East and Southeast Asia: Promoting Fairness and Sustainability
This book examines the pension systems of eight countries in East and Southeast Asia and also puts forward both country-specific and region-wide reforms to address two critical areas of pension reform, namely, fairness and sustainability.
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Pension Systems and Old-Age Income Support in East and Southeast Asia: Overview and Reform Direction
This book looks at the pension systems of eight countries in East and Southeast Asia, and provides a comprehensive overview of pension systems in the countries, including an in-depth diagnosis of their major weaknesses and shortcomings.
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Which Asian Countries Are Most Supportive of Digital Entrepreneurship?
These charts illustrate how countries in Asia and around the world are doing in developing an environment that produces dynamic entrepreneurs who innovate and create jobs. -
Does Corruption Discourage Entrepreneurship?
In economies where government officials can be bribed, or other acts of corruption undertaken to start a business or innovate, entrepreneurship is less likely to thrive. -
Asia’s Developing Countries Need Bold Tax Reform to Rebound from the Pandemic
Tax revenue can be raised in a fair and reasonable way to provide much-needed public services and support the poor and disadvantaged still reeling from the pandemic. -
How Do We Promote Healthy Aging in Asia? This Is What the Experts Say
Older persons have vulnerabilities related to gender, family dynamics, financial and digital literacy, access to labor markets and long-term care. Policymakers should support the region’s growing elderly population to achieve healthier and more productive lives. -
Did Internet Access Improve Economic Resilience During COVID-19?
Countries with better information and communication technology, particularly internet access, were able to do more activities online during the pandemic, which cushioned the adverse effect of COVID-19 on economic activity. -
In Asia, Education is Key to Maintaining an Edge in Innovation
Compared to Latin America and other regions, Asia scores high on innovation. The reasons are complex but education is fundamental to the process. -
Filling the Finance Gap for a Green and Inclusive Recovery
Decreased tax revenues and increases in public spending due to COVID-19 make it imperative for developing Asian countries to mobilize private capital for the vast investments needed to achieve the SDGs. -
What is Driving the Growth of Green and Social Finance?
There is evidence of a positive link between sustainable behavior and financial return which will likely drive the continued growth of green and social finance. -
As Asia Recovers, Will Green and Social Finance Have Real Impact?
Evidence shows that green and social finance are associated with positive environmental and social outcomes and can contribute to a more sustainable world. -
As COVID-19 Hits Older Persons, Asia’s ‘Grey Divide’ Deepens
While the pandemic has affected the entire population, it has had a disproportionate impact on the older generation that built this region’s prosperity. We owe it to older persons to pursue policies that help them to make it through the crisis healthy and happy. -
Does a Healthy Economy Equate with a Healthy and Happy Population?
Wellness provides a more balanced and holistic view of a country’s development than its per capita gross domestic product. A new tool is helping policymakers measure wellness in society. -
The COVID-19 Dilemma: Public Health Versus the Economy
The tradeoff between lost lives during the pandemic and lost livelihoods is often viewed as an all-or-nothing choice between complete lockdown versus zero restrictions. In reality, a balance can be struck. -
Wellness in Worrying Times
Policies that promote wellness can help Asians navigate the uncertain, stressful COVID-19 world and achieve a better post-pandemic lifestyle. -
Plugging Into Contactless Payment in Post-COVID Asia
Asian economies must strengthen their regulatory frameworks, and invest in digital networks and infrastructure, to support contactless payment systems. -
Private Debt, a Hidden Menace to Asia’s Financial Stability
Asian regulators and policy makers should undertake prudential financial supervision and regulation to improve the quality of private debt and reduce the risk of financial instability in the future. -
Fintech is Emerging as a Driver of Innovative Financial Solutions During COVID-19
Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic. -
Read All About It: How Big News Events Can Roil Asian Currencies
Major news events, as well as monetary policy uncertainties in the United States, have a significant impact on Asian currencies, but not in the way that some might expect.