Conference Proceedings

Developing countries in general and Asia in particular are aging rapidly. As a natural consequence there will have to be significant increases in public social spending.

Privatization is grounded on the changing roles of governments in the economic development process. The rationale for privatization is that state-owned enterprises could not live up to their development expectations in many countries.

This book is an assembly of the major papers presented during the Seminar on Public Financial Management and Accountability, and the World Conference on Governance held in Manila in April and June 1999, respectively.

The papers cover

The Asian financial crisis may be primarily attributable to a capital-account crisis exacerbated by domestic credit contraction.

Tax officials around the Asia Pacific are facing many challenges that have many common features.

This executive summary focuses on the organization of insurance supervisory authorities; prudential regulation; supervision of financial conglomerates; exchange of information among supervisors; financial sector convergence; and supervision of insurance companies in difficulties.

A basic challenge facing education and skill formation systems in development, is to find a targeted, strategic and affordable approach to improving access and retention of students using successful examples from Asian experience as models.

The social sector in many developing countries is not keeping pace with what is needed to promote growth. As this sector is underdeveloped and government resources dwindling, new ideas and strategies such as partnerships are urgently needed.

This seminar held in conjunction with the Asian Development Bank annual meeting, focuses on the pre-crisis development framework and capital account crisis and on identifying challenges in corporate governance for Asian development.

The gathering was held in Tokyo under the auspices of the Asian Development Bank Institute and the Financial Supervisory Agency of the Government of Japan. Other participants came from regulatory authorities in Singapore and Australia, as well as academia, the Bank of Japan and the Bank for International Settlements.