Insurance is often viewed as a product of the sophisticated, capitalistic system of the West, and those who are outside this cultural group are less likely to value insurance protection. Asians, who rely on informal insurance such as a family network, are thus typically less focused on buying insurance.
Do fiscal policies respond appropriately to reduce vulnerabilities, or actually widen the pre-existing inequality that is exacerbated during disasters?
CSR brings so many benefits to the bottom line of a business and organization that is no longer an issue for debate in Asia, where the tipping point has been reached.
On World Population Day, it's time to reflect on how we choose to address the challenges and maximize the opportunities of a growing older population, which will determine the future of developing Asia.
Poverty and natural disasters are intertwined. Both, however, can be addressed together through the community-driven development approach to disaster preparedness, as we have learned in the Philippines.
After the recent catastrophe in Nepal, it’s time for homeowners in Asia and the Pacific to decide whether or not to purchase earthquake insurance. On one hand it could happen tomorrow, on the other it may not happen for another 80 years – so is it a gamble we are willing to take?
Asia’s economic growth owes a lot to the rise of both big business and SMEs. But left alone, there is little incentive for private firms to do more for workers beyond the norm.
Migrant remittances, a lifeline for many developing countries in Asia and the Pacific, have grown dramatically with barely any support by the public sector or donor agencies. A recent ADB forum discussed how governments can make better use of this money to create domestic job opportunities.
One key challenge that restricts the region’s further growth potential is how to not only overcome TVET exclusion, but also deepen the talent pool and facilitate its integration into the market.
ADB's engagement with CSOs and NGOs has changed over time, and Strategy 2020 highlights partnerships with both as central to ADB's project development processes — but there are still misconceptions about working with CSOs, which create challenges not only for ADB but for other development institutions as well.