For the past 6 months, my work spins around the Post 2015 development agenda, the successor of the Millennium Development Goals (MDGs). It is amazing to follow the numerous tweets, blogs, working papers, which are sprouting out daily and which discuss old and new aspects of the Post 2015 development agenda.
Policymakers are swamped. They have a wide range of interest groups talking to them all the time. They have large numbers of papers and emails and phone calls to deal with every day. So if you approach them with a brilliant evaluation that is fifty pages long, complete with graphs and tables and lots of Greek equations, it will go straight to the bottom of the stack. And stay there.
If a frog is placed in a boiling caldron, it will immediately jump out to safety. If the same frog is placed in water, which is slowly heated to boiling, the frog will tranquilly remain and eventually die from overheating.
This biological anecdote is frequently utilized as a metaphor for our political state of affairs over global climate change. As the planet slowly heats and succumbs to gradual change we unwittingly accustomize without sensing the dangers that await us. The lessons from this phenomenon also encompass the state of our cities and the transport sector.
I must confess that I have been struggling to find a good working definition of inclusive growth for some time, although I believe I understand the concept vaguely. This term is now very widely used in the development policy discourse in Asia and the Pacific.
Bhutan, located in the eastern Himalayas, is a small landlocked country between the People’s Republic of China (PRC) and India. Virtually the entire country is mountainous. Despite challenging geography and limited connection to the global markets, the country managed to ignite and sustain strong economic growth by unlocking its hydro potential.
Asia symbolizes the striking progress that has been achieved in reducing poverty but also the daunting gaps in environmental destruction and climate change. It’s rightly said that the war on climate change will be won or lost in Asia. The Asian Development Bank is uniquely positioned not only to support a more environmentally sustainable development agenda but also to lead in important aspects of this endeavor.
In March 2013, the National People’s Congress (NPC) of the People’s Republic of China (PRC) will convene to appoint the new General Secretary of the Communist Party Xi Jinping as President. At the same time, Li Keqiang is expected to be confirmed as Premier heading a newly appointed State Council.
A well-developed services sector plays a major role in improving production efficiency and promoting technical progress and innovation. The services sector has expanded rapidly in the People’s Republic of China (PRC) since economic reform was launched in 1979, and particularly after PRC joined the World Trade Organization in 2001. However, the size of the sector as a share of GDP appears to be significantly smaller than expected based on PRC's income level and development stage.
Students from developed East Asia are leading the world in math and science according to just-published results of exams delivered to 600,000 fourth grade students in more than 60 countries and territories including many OECD members.
I have a straight answer and a caveat. The answer is: Definitely Not. The caveat is: integration is a long-term process. Over time, Asia definitely needs to become more integrated in order to sustain its growth as well as its contribution to global growth. In the medium-term, Asia should exert concerted efforts to continuously boost regional cooperation.