Recently, someone from one of our developing member countries commented that ADB is too small, slow and self-centered. This assessment might sound harsh, but the numbers speak for themselves.
Indu Bhushan is currently Director General of the Strategy and Policy Department at ADB. Prior to this appointment, he has worked in Southeast Asia and Pacific regions. Before joining ADB, he was a member of the Indian Administrative Service. An electrical engineer by training, he has master’s degree in health sciences and PhD in public health economics. His wife, Anjana, works with the World Health Organization. He has two daughters, Devika and Ambika. He loves to watch sports and movies, and play bridge.
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I do not have a birth certificate. Even though I was born in the capital city of the biggest province in India, my birth was never registered. Luckily, I went to school where they recorded my date of birth and my high school certificate gave me an identity. Now, I also have a passport and I can prove who I am.
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.
The Post-2015 development agenda is leaning toward a goal of eradicating absolute poverty by 2030. The World Bank’s recently approved corporate strategy has the same goal. I believe, however, that this target is absolutely meaningless for our region, Asia and the Pacific.
An increase in life expectancy by 40% and decline in fertility by 50% in about half a century -- this is a great achievement!
As I sat through two days of discussions in the first meeting of the G-20 Development Working Group under the Russian Presidency in Moscow in February this year, an uneasy question kept coming to my mind—is the G-20 losing its way?
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.