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.
Changyong Rhee
Mr. Rhee is the chief spokesperson for ADB on economic forecasts and trends, and oversees the Economics and Research Department (ERD). ERD undertakes economics and policy research and capacity building, supports ADB operations, and networks with the international research community. ERD produces ADB's flagship publication, the annual Asian Development Outlook, which forecasts economic trends in the region. A national of the Republic of Korea, Mr. Rhee has over 20 years professional experience in the government and academia, most recently as Secretary General and Sherpa of the Presidential Committee for the G-20 Summit. Mr. Rhee has a Ph.D. in Economics from Harvard University.
Author
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Manufacturing Matters… But It’s the Jobs That Count
Findings in this paper suggest that the path to prosperity through industrialization may have become more difficult, and industrialization in employment has been more important for eventual prosperity than industrialization in output.
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Отчет Правительству Республики Казахстан: Политика диверсификации промышленного комплекса и сектора услуг в Азиатском регионе в 21 веке
Экономика Казахстана с момента обретения независимости в 1991 году демонстрирует очень хорошие результаты, доход на душу населения приблизился к $13 000. Столь высокие показатели экономики явились результатом реализации рациональных макроэкономических политик и благоприятного инвестиционного климата. Однако экономика Казахстана сохраняет значительную зависимость от нефти, и эта зависимость растет. В 2000 году объем экспорта нефти составлял 50% от всего объема экспорта, а в 2010 году - 61%.
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Report to the Government of Kazakhstan: Policies for Industrial and Service Diversification in Asia in the 21st Century
In 2011, the Government of Kazakhstan requested policy advice from the Asian Development Bank (ADB) on how to further diversify the economy and on how to modernize its industrial policy.
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Effects of Quantitative Easing on Asia: Capital Flows and Financial Markets
By examining capital flows and financial markets, this paper finds that Asian countries were affected by the United States’ quantitative easing either through domestic currency appreciation or an increase in housing prices.
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A Practical Approach to International Monetary System Reform: Building Settlement Infrastructure for Regional Currencies
The global financial crisis has once again stimulated discussions to reform the international financial architecture. This paper proposes that establishment of regional settlement currencies can contribute positively to this reform agenda.
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Capital Controls: A Pragmatic Proposal
This paper proposes a pragmatic approach to the use of capital controls, which leverages the Group of 20's indicative guidelines in measuring excessive imbalances to simplify the IMF’s guidelines on the use of capital controls.
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A ZEN Approach to Post-2015: Addressing the Range of Perspectives Across Asia and the Pacific
The paper aims to present the key challenges being faced by the Asia and Pacific region as a number of its developing economies graduate from a low-income status to middle-income status.
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Ending "Too Big To Fail": Government Promises versus Investor Perceptions
Analysis of the 1997–1999 crisis in the Republic of Korea suggests that despite a “no bailout” policy, chaebols could still issue bonds at prices implying very low expected default risk.
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Lessons from the 1997 and the 2008 Crises in the Republic of Korea
Based on the experiences of the Republic of Korea during the 1997 and 2008 financial crises, this paper documents the lessons learned and identifies several important policy issues that might have regional implications for Asia.
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Debt Management Analysis of Nepal's Public Debt
This paper estimates an optimal target portfolio of sovereign debt for Nepal that minimizes long-term financing cost. In the analysis, a practical framework is applied, which is built upon the traditional mean-variance efficient frontier approach and simultaneously employs a relatively new concept of cost-at-risk (CaR). The framework is flexible enough to incorporate other factors such as liquidity risk. Simulation results show that the Nepali economy needs to increase longer-term domestic borrowing instruments, and that the maturity structure of domestic bonds should be simplified.
Pages
Editor
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Future of Factory Asia
The success of Factory Asia depends on how fast Asia can expand its domestic and regional markets, and upgrade the competitiveness of its manufacturing sector.
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Inequality in Asia and the Pacific
Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, as they are the sources of productivity improvement in the quality of life.
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Asian Development Review - Volume 29, Number 2
This issue is second of the two issues that cover the proceedings of ADB's Forum on Capital Controls held in July 2011. In this issue, it assesses the experiences of selected Asian countries in using de jure capital controls.
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Asian Development Review - Volume 29, Number 1
This issue features creating good employment opportunities for the rural sector, winners and losers of multinational firm entry into developing countries, a case of rural–urban migration and employment quality.
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Asian Development Review - Volume 28, Number 2
This issue has ADB Distinguished Speakers Program on poverty and redistribution in emerging economies, South–South foreign direct investment and development in East Asia, and volatility forecasting in Asian stock markets.
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Asian Development Review - Volume 28, Number 1
This issue discusses the political economy of development in the Philippines, the taxation on migration in ASEAN and APEC economies, and market integration in the People's Republic of China, among others.
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TRIỂN VỌNG TĂNG TRƯỞNG CỦA KHU VỰC CHÂU Á ĐANG PHÁT TRIỂN ĐƯỢC CỦNG CỐ TRONG KHI CÁC NỀN KINH TẾ CÔNG NGHIỆP GIỮ VỮNG TĂNG TRƯỞNG
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Developing Asia Growth Outlook Steady As Industrial Economies Firm
An improving growth outlook in Japan and the United States paired with stronger-than-expected performance in the People’s Republic of China support a steady growth outlook for developing Asia, says a new ADB report.
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处于全球金融不稳定的发展中亚洲经济放缓
最新亚洲开发银行（亚行）报告指出，中华人民共和国（中国）和印度经济缓于预期以及美国量化宽松货币政策引起的不稳定性将在短期内对亚洲和太平洋地区经济构成影响。
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不安定な世界金融下で アジア途上国の成長鈍化
アジア開発銀行（ADB）は本日、『アジア経済見通し2013年改訂版』（Asian Development Outlook Update (ADOU) 2013）を発表し、中国とインドの景気が想定よりも弱いことと、米国の量的緩和政策を巡る世界金融の不安定な動きが、アジア太平洋の足元の成長見通しに影響するとの見方から、アジア途上国（日・豪・NZを除くアジア・太平洋の45カ国・地域）の2013年のGDP伸び率について、本年4月発表の予測値6.6％を6％に引き下げた。
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India Facing Pressure to Accelerate Structural Reform
The Indian economy has been under pressure with the recent depreciation of the rupee and capital outflows adding to structural constraints which are weighing heavily on its prospects for returning to a high growth path, says a new ADB report.
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Developing Asia Slowing Amid Global Financial Jitters
Softer than expected economic activity in the People’s Republic of China (PRC) and India and jitters over the United States (US) quantitative easing (QE) program will weigh on Asia and the Pacific’s growth prospects in the near term, says a new Asian Development Bank (ADB) report.
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DIVERSIFIKASAUN IMPORTANTE TEBE-TEBES BA DEZENVOLVIMENTU SETOR PRIVADU IHA TIMOR-LESTE - ADB
Diversifikasaun ekonómika no transformasaun estrutural tenki sai parte planu kresimentu Timor-Leste nian se nasaun dependente ba rekursus ne’e hakarak atu dezenvolve setor privadu prósperu ida.
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Diversification Crucial for Private Sector Development in Timor-Leste - ADB
Economic diversification must be an essential part of the growth strategy for resource dependent Timor-Leste, if it is to develop a prosperous private sector and sustain broad-based growth, ADB Chief Economist said.
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Myanmar to Grow Strongly as Reforms Roll Out, Investment Rolls In
An easing of sanctions alongside rising exports and business enthusiasm for Myanmar will fuel annual growth of more than 6% for the next two years, provided the government stays the course with its reform program, says a new ADB study.