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Op-eds and Opinion

ADB management and subject experts share knowledge, views, and insights on development issues in op-ed articles and opinion pieces published in international and regional publications.

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  • Developing Asia's rebound from the global economic crisis has taken firm hold. The Asian Development Bank predicts growth of 7.5% this year, up from 5.2% expected in 2009 and exceeding 2008 growth. Such robust expansion suggests authorities will 'exit' accommodative policies adopted during the crisis earlier than the rest of the world. Indeed, monetary authorities in countries such as India and Malaysia have already pushed policy rates up a quarter point, while many governments plan to reduce fiscal deficit targets this year.
  • The 10-member Association of South-East Asian Nations is central to Australia's economic, political, diplomatic and strategic future. In 2008, this durable grouping, established in 1967, accounted for about 16 per cent of our international trade, slightly more than either China or Japan, and about 60 per cent greater than the US share. ASEAN will be the key to determining the role we playin the region's emerging economic architecture, the East Asian Summit. It will also have veto power over Prime Minister Kevin Rudd's Asia Pacific Community proposal.
  • One of the first international meetings to focus on climate finance since the Copenhagen summit last December ended here in Manila this week with plans to allocate some US$1.1 billion from the new multilateral Climate Investment Funds (CIF) for country-led, low-carbon growth in the Asia and Pacific region. Indonesia features prominently in these plans.
  • Later this week, when government policymakers, civil society, and climate experts gather in Manila for a Global Forum on Climate Investment, they will find a new partner joining those countries leading efforts for climate action. The Philippines is not only providing a host site at the Asian Development Bank for the meeting; it is one of the first developing countries to introduce transformational policies linking energy and low-carbon development with a solidly funded plan to implement them.
  • The Doha Round has stalled but the European Union (EU) is not standing still in the bid for further trade liberalization. And neither are the various economies of East Asia.
  • Bangkok is one of the great cities of the world, a true international hub with first-class facilities, bustling business centres and, of course, Thailand's legendary hospitality. As such, it is a natural venue for more than 3,000 senior officials and climate change negotiators to come together ahead of Copenhagen to discuss a new climate change agreement to succeed the Kyoto Protocol's provisions, which expire in 2012.
  • This Friday, leaders of the Group of 20 economies will meet in Pittsburgh, in the United States, to reaffirm their commitment to economic stimulus and begin forging a new global financial regulatory framework. This summit is critical. It passes the baton from the frenetic bailout emergency response phase of the crisis to one that must rebuild global confidence in the international financial firmament. The G-20 must not only continue to plot a course to a hoped-for worldwide recovery, but try to decipher what needs to be done to prevent this happening again.
  • Crisis creates opportunity. And as happened following the 1997 Asian financial crisis, the global crisis today will accelerate thought and action on the evolution of Asian regionalism in the 21st century. Eighty-five years ago, the founder of the first popular movement for a united Europe, Count Coudenhove-Kalergi, said that "all great historical ideas started as a utopian dream and ended with reality." Today, as a single, integrated market with shared policies and a common currency, Europe has achieved that dream.
  • While the rest of the world struggles, developing Asia is shifting from recession to recovery. Latest economic indicators from the world's advanced economies remain mixed. There are some signs of stabilisation - industrial output and consumer spending are, for example, falling much more slowly than they were.
  • The latest round of negotiations on a new global climate change agreement that recently concluded in Bonn showed promising signs that governments everywhere realize the urgency of cooperative action to address this global challenge.