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2014

Title
Date Featured

Determinants of Rural Wage Rates in Java: How to Reduce Rural Poverty

Determinants of Rural Wage Rates in Java: How to Reduce Rural Poverty Many solutions have been proposed to reduce rural poverty, but because the poorest rural citizens lack capital and their only real asset is their labor, reducing poverty requires raising wage rates. At an ADBI seminar on 10 April, Rick Barichello, a professor at the University of British Columbia, examined how agricultural wage rates are related to agricultural commodity prices and manufacturing wage rates. Read more.

11 April 2014

Siting Environmentally Unfriendly Facilities: The NIMBY Challenge in Asia

Siting Environmentally Unfriendly Facilities: The NIMBY Challenge in Asia Locating locally unfriendly, but socially beneficial facilities, such as airports, landfills, and power stations, is a key public policy concern in many countries. However, residents in the areas where such facilities are to be established tend to exhibit not-in-my-backyard (NIMBY) opposition to such facilities. At a recent distinguished speaker seminar at ADBI, Euston Quah, head of the Department of Economics at Nanyang Technological University of Singapore, presented conflict-resolution instruments for the siting of a NIMBY facility. Economic analysis, he argues, has a key role to play in resolving issues entailed in the siting of these facilities. Read more.


Analysis of Exchange Rates and International Trade

Analysis of Exchange Rates and International Trade Empirical evidence of short-term international price arbitrage is lacking due to data constraints. A new ADBI working paper presents a new dataset on daily international exchanges of goods which shows that under floating exchange rates, short-term international arbitrage is indeed occurring and that it has a persistent effect. Read more.

4 April 2014

ADBI Welcomes New Dean

ADBI Welcomes New Dean Naoyuki Yoshino has joined the Asian Development Bank Institute as Dean, effective 1 April 2014. Mr. Yoshino, a Japanese national, was previously a Professor of Economics at Keio University in Japan. He succeeds Masahiro Kawai, who served as Dean from January 2007. Mr. Yoshino holds a Doctorate degree in Economics from Johns Hopkins University (US) and a Bachelor's degree in Economics from Tohoku University (Japan). He has obtained honorary doctorates from Goteborg University (Sweden) and Martin Luther University Halle-Wittenberg (Germany).

1 April 2014

Why Are Some Imperfect Competition Models More Tractable than Others?

Why Are Some Imperfect Competition Models More Tractable than Others? Tokyo University Professor Michal Fabinger presented at an ADBI seminar on 25 March a new common framework to model various forms of supply and demand functions under imperfect competition. He also demonstrated how this tool can be applied to international trade models and he discussed the models' predictions. Read more.


The Political Economy of Asian Regionalism

The Political Economy of Asian Regionalism How are market forces and intergovernmental cooperation initiatives contributing to closer integration among Asian countries? And how is the regional institutional architecture taking shape? A new ADBI book edited by Giovanni Capannelli and Masahiro Kawai explores Asian regionalism and its political economy. Read more.

26 March 2014

Capital Market Reform in Asia

Capital Market Reform in Asia What are the challenges and risks facing Asian capital markets as the global financial system transitions toward greater financial stability? To answer these questions, ADBI and OECD held a roundtable on capital market reform in Asia on 13–14 March. Read more.


Impact of Abenomics on Japan and Asia

Impact of Abenomics on Japan and Asia ADBI Dean-designate Naoyuki Yoshino discusses the economic outlook for Japan and Asia in a recent ADB interview. Watch interview.

18 March 2014

Connecting Central Asia with Other Economic Centers

Connecting Central Asia with Other Economic Centers ADBI is expanding its activities in Central Asia in order to help the region acquire the tools to ensure a more prosperous future. As part of this greater focus, ADBI recently held a workshop on a draft study that aims to explore the growing economic ties between Central Asia and global economic centers such as Asia, the EU, Russia, and the US. Read more.


Labor Migration, Skills, and Student Mobility in Asia

Labor Migration, Skills, and Student Mobility in Asia A new ADBI report summarizes major policy issues raised at the 3rd roundtable on labor migration. The report focuses on skills mobility within ASEAN, international student migration, and better governance of low-skilled labor migration. Read more.

14 March 2014

Strategies for Maintaining Fiscal Soundness in Aging Societies

Strategies for Maintaining Fiscal Soundness in Aging Societies Many economies are facing rapid aging of their populations, which will dramatically raise social insurance expenditures and increase the risks to fiscal sustainability. ADBI, together with the Japan Ministry of Finance Policy Research Institute, recently held a conference to analyze the strategies for maintaining fiscal soundness in aging societies over the economic cycle. The conference examined the experience of advanced and emerging economies in handling aging societies. Read more.

10 March 2014

ADBI Dean Masahiro Kawai Farewell Remarks

ADBI Dean Masahiro Kawai Farewell Remarks Dear Friends and Colleagues: Today [28 February] marks the end of my term as Dean and CEO of the Asian Development Bank Institute. For the past seven years it has been my great pleasure and honor to lead ADBI in its mission to become a premier policy-oriented think tank in Asia and the Pacific on development issues, particularly those related to regional cooperation and integration. Read full remarks.

6 March 2014

Assessing South Asia–East Asia Integration

Assessing South Asia–East Asia Integration A new ADBI working paper by Ganeshan Wignaraja evaluates the gains for South Asia from integrating with East Asia and India's role in this process. Although the pace of pan-Asian integration has increased, the process is uneven. He points out that investing in cross-border infrastructure, accelerating reforms, and promoting services trade will boost economic benefits for South Asia. Read more.

4 March 2014

Naoyuki Yoshino Appointed New Dean of ADB Institute

The ADB Institute is pleased to announce the appointment of Naoyuki Yoshino as the Institute's new Dean, effective 1 April 2014. Mr. Yoshino, currently a Professor of Economics at Keio University in Japan, replaces Masahiro Kawai, who served as Dean since January 2007. Mr. Yoshino holds a Doctorate in Economics from Johns Hopkins University and honorary doctorates from Goteborg University and Martin Luther University Halle-Wittenberg. Commenting on his appointment, Mr. Yoshino said he looked forward to continuing ADBI's strong contribution to economic research and capacity development in Asia and the Pacific. To contact ADBI, click here. Read more.

26 February 2014

The Case for Regional Financial Regulation in Asia

The Case for Regional Financial Regulation in Asia A new ADBI working paper, Regional Financial Regulation in Asia, by Masahiro Kawai and Peter J. Morgan, argues that there is a mediating role for regional-level institutions of financial regulation between national regulators in Asia and global-level institutions such as the IMF and the Financial Stability Board. This potential role includes monitoring financial markets and capital flows to identify regional systemic risks, coordinating financial sector surveillance and regulation to promote regional financial stability, and cooperating with global institutions in rule formulation, surveillance, and crisis management. Read more.

21 February 2014

Promoting Regional Cooperation and Integration in Asia

Promoting Regional Cooperation and Integration in Asia Asia has the potential to be a major force in the global economy. But regional cooperation and integration (RCI) is needed to make this happen. RCI is key to accelerating economic growth, reducing poverty, boosting productivity and employment, and strengthening institutions. ADBI's Conference on Regional Cooperation and Integration on 25 February aims to take stock of the progress of RCI in the Asia and Pacific region, and to chart a course for RCI by identifying challenges and emerging issues. Read more.

18 February 2014

Roadmap to Boosting Financial Inclusion in India and Pakistan

Roadmap to Boosting Financial Inclusion in India and Pakistan Exclusion to financial services is prevalent in both India and Pakistan. At a recent ADBI seminar, Savita Shankar, a research fellow at the Asian Institute of Management, presented findings of two field studies on the role of microfinance programs in promoting financial inclusion in the two countries. Read more.


Why Is the PRC Economy Showing Signs of Overheating?

Why Is the PRC Economy Showing Signs of Overheating? A new Asia Pathways post by C. H. Kwan of Nomura Institute of Capital Markets Research argues that the People's Republic of China's (PRC) economy is showing signs of overheating despite a sharp slowdown in growth. With PRC authorities shifting priorities from boosting growth to curbing inflation, monetary policy is expected to change from easing to tightening. He warns the PRC economy is likely to slow in 2014 as a result. Read more.

14 February 2014

Yokozuna Hakuho visits ADBI

Yokozuna Hakuho visits ADBI Yokozuna Hakuho of the Japan Sumo Association visited ADBI on 7 February. The sumo grand champion greeted staff and attendees at the closing day of an ADBI Public-Private Partnership training workshop. Promoted to the highest sumo rank in 2007, Yokozuna Hakuho has won 28 tournaments over his career.

10 February 2014

Preparing Public-Private Partnerships to Meet Asia's Infrastructure Needs

Preparing Public-Private Partnerships to Meet Asia's Infrastructure Needs Public-private partnerships (PPPs) are becoming a vital tool for public service delivery and infrastructure development in Asia. ADBI held a PPP workshop on 3-7 February to strengthen the expertise of Asian planners on the use of PPPs to meet public service and infrastructure needs in their home countries. Read more.

7 February 2014

ADBI Assesses the Future of the PRC Economy

ADBI Assesses the Future of the PRC Economy The People's Republic of China's (PRC) economy grew 7.7% in 2013, signaling that growth is cooling. ADBI's Dr. Yuqing Xing recently spoke on NHK World about the outlook for future growth and the challenge of transforming the PRC economy from an external demand driven to internal demand driven growth model. Watch interview.

3 February 2014

Strengthening Financial System Stability and Inclusion

Strengthening Financial System Stability and Inclusion A recent ADBI conference explored the relation of financial stability and financial sector competition, financing for small and medium-sized enterprises, the relation between financial stability and financial inclusion, and ways to promote financial education in Asia. Participants included Indonesia Financial Services Authority Chairman Muliaman D. Hadad and Hatton National Bank Chairperson and former Deputy Governor of the Central Bank of Sri Lanka, Ranee Jayamaha. The IMF and the Japan Financial Services Agency co-hosted the event. Read more.

31 January 2014

Asian Migration Trends Explored at ADBI–OECD Roundtable

Asian Migration Trends Explored at ADBI–OECD Roundtable Asia is the world's most economically dynamic region with more than 30 million migrant workers. Migrant workers make an enormous contribution to the region's economies but are often subject to exploitation and abuse. An ADBI–OECD roundtable at ADBI on 27-28 January explored labor migration trends, the impact of labor migration, and labor migration management. Read more.

29 January 2014

ADBI Climbs Think Tank Rankings

ADBI Climbs Think Tank Rankings ADBI's ranking among government-affiliated think tanks rose from 6th to 5th in the 2013 Global Go To Think Tanks Index Report, released 22 January by the Think Tanks and Civil Societies Program of the University of Pennsylvania. The report is based on an international survey of 1,950 scholars, public and private donors, policymakers, and journalists who evaluated and ranked more than 6,500 think tanks worldwide. Read more.

24 January 2014

People's Republic of China's Growth Prospects Discussed

People's Republic of China's Growth Prospects Discussed ADBI Research Director Ganeshan Wignaraja spoke on the growth outlook of the People's Republic of China on NHK World on 20 January. He stressed that the pace of future growth will depend on the implementation of announced structural reforms, bolstering domestic demand, and mitigating external risks. Watch interview.

21 January 2014

Blueprint for Eco-industrial Cluster Development

Blueprint for Eco-industrial Cluster Development The new ADBI publication Eco-Industrial Clusters: A Prototype Training Manual examines the strategic importance of eco-industrial clusters in development and summarizes the requirements for successful industrial cluster formation. This publication, freely available electronically, is a pioneering effort to bridge the gap between policies and practices in the creation of eco-industrial clusters. Read more.

17 January 2014

Boosting the Global Trade of Asia's Transition Economies

Boosting the Global Trade of Asia's Transition Economies What is the importance of infrastructure and trade facilitation on trade between Asia's transition economies with the rest of the world? A seminar by ADBI Research Fellow Yothin Jinjarak on 10 January explored these questions and also discussed how strengthening trade integration can benefit transitional economies in Asia. Read more.

10 January 2014

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