Rising Tide Raises All Boats — Or Does It?
Last week, the development economics world was shaken by an open clash between two of its most distinguished luminaries—Amartya Sen and Jagdish Bhagwati. One is a Nobel Prize winner in the field of economics, and the other is widely believed to be worthy of one.
Asian Financial Integration: How Much Has it Come True?
As articulated by Cavoli, Rajan, and Siregar (2004) in their survey of East Asian financial integration, financial integration is a multidimensional process closely associated with development of financial markets.
Thoughts on the High-Level Panel Reports on the Post-2015 Agenda
The discussions around the post-2015 development agenda – and the work of the High Level Panel of Eminent (HLPEP) persons – were seen controversially in the last months. Some felt that the consultation led by the HLPEP would lead into a kitchen sink report, which would cover every possible development concern.
Five Things to Know About the High-Level Panel Report on Post-2015
More than 220 proposals have been advanced for a global development framework to succeed the Millennium Development Goals (MDGs), which come to an end in 2015.
Avoiding the Middle-Income Trap in the People’s Republic of China
No one can say that the second largest economy in the world is trapped. Decades of structural change and rapid growth allowed for a swift transition from a low-income to a middle-income country. The challenge today lies in moving up to higher-income status. How could the People’s Republic of China (PRC) avoid the trap?
Moving Beyond Factory Asia: Global Exports are No Longer the Key to Economic Growth
Asia needs to rethink its traditional growth strategy of relying on global exports and look to more trade with its regional neighbors.
How Asia Can Become a Knowledge Economy
There are cost-effective approaches that developing countries can actively consider in traveling on the road to becoming advanced knowledge-based economies.
We Need to Break Silos for the Sustainable Development Goals
The transition from the Millennium Development Goals to the Sustainable Development Goals will require partnerships and a new view on development.
Pacific Economic Outlook: Moderating Growth Across Developing Countries in 2013
ADB is expecting growth to moderate across ADB's Pacific developing member countries (DMCs) this year (including Timor-Leste), mostly as a result of solid but slower growth in a few of the region’s larger, natural resource–extracting economies. The region's growth has fallen from the post-global economic and financial crisis high of 8.3%, to 7.2% in 2012, and growth is projected at 5.2% in 2013.
How We Can Revitalize the G20
Is the G-20 losing its way? The G-20 played a critical role in leading the world out the financial crisis in 2008-9. It was decisive, united and effective in dealing with that crisis. However, it has since lacked that that level of vitality.