In Asia and throughout the world, tourism is a double-edged sword that brings huge benefits and serious impacts.
Prior to joining ADB in 2007, Donghyun was a tenured associate professor of economics at Nanyang Technological University in Singapore. He has a PhD in economics from UCLA in the US, and his main research fields are international finance, international trade, and development economics. His research, which has been published extensively in journals and books, revolves around policy-oriented topics relevant for Asia’s long-term development, including innovation, entrepreneurship, and green finance. Dr. Park plays a leading role in the production of Asian Development Outlook and Asia Bond Monitor, two major ADB flagship publications.
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An aging population can have a dramatic impact on a country’s economy but Japan has shown that innovative approaches and policies can help mitigate the effects
Research shows bigger local bond markets help countries strengthen their financial systems and their economies.
Amid uncertainty over the evolution of the PRC-US trade dispute, markets in the region are taking a wait-and-see stance.
Widely accepted definitions and standards of greenness will help green bond markets grow and become more accurately priced.
The region's strong fundamentals limit the risk of foreign exchange volatility.
The Fed’s rate hike won’t have much impact in emerging Asia, at least in the short term.
To withstand external shocks and sustain growth, middle-income countries need to get the basics right on manufacturing, currency management, and education.