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Metro Manila RP Skyline by Alvin js5 is licensed under CC BY-SA 3.0 Strengthening institutional capacities over the longer term is critical to support Asia's continued development. That was the main message delivered by Kensuke Tanaka, Head of OECD's Asia Desk, at the ADBI-OECD Joint Seminar on Southeast Asia, the People's Republic of China (PRC), and India at ADBI on 19 November. Ganeshan Wignaraja, ADBI Research Director, added that through appropriate strategies, effective institutions and governance, and greater regional and global cooperation, the PRC, India, and ASEAN countries can drive a generation of economic progress and transformation that has the potential to lift the quality of life in Asia and around the world. Also participating in the discussion was OECD Deputy Secretary-General Stefan Kapferer. Read more.

A Revisionist View of Comparative PRC-Japan Economic Histories

A Revisionist View of Comparative PRC-Japan Economic Histories Masahiko Aoki, professor emeritus at Stanford University, gave a distinguished speaker seminar at ADBI on 12 December and offered an alternative to traditional accounts of Chinese and Japanese institutional development. His novel approach involves the retrospective application of a three-person game model to regime change seen throughout the Tokugawa shogunate, Meiji Restoration, and Qing dynasty. Dr. Aoki argued that this model explains, in part, the development trajectory of political institutions in these countries in later years. This work adds not only an innovative spin to the history of these events but also contributes to our general understanding of institutional evolution. Read more.

Infrastructure Financing Crucial for Cross-regional Connectivity

Infrastructure Financing Crucial for Cross-regional Connectivity South Asian and Southeast Asian economies have grown rapidly during an era of a fragile world economic growth beset by risks and uncertainties. This process has been fueled by expanding regional production networks, integration with the global economy, foreign direct investment (FDI), falling trade and investment barriers, a commodity boom, and heightened demand from a rising Asian middle class. The results have been extremely positive. However, integration of trade and investment between these two sub regions, while making progress, has been relatively limited, hindered by various bottlenecks and gaps in trade infrastructure, trade barriers, and limited regional cooperation. At a seminar focussing on the ADBI and ADB study "Connecting South Asia and Southeast Asia," held at ADBI on November 13, emphasis was placed on the need to support long-term infrastructure financing through measures such as project bonds and to address adjustments occuring within declining sectors. Read more.

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ADBI Monthly Reports
Reports of recent and forthcoming ADBI activities, press mentions, and staff news can be found here. Recent reports are listed below.

Updated 20 November 2014
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