Conferences Give Comprehensive View of Implications of Global Financial Crisis for Asia

ADBI has organized a series of conferences related to the impacts of the global financial crisis on Asian economies aimed at providing policymakers, academics, and opinion-makers with comprehensive assessments of economic, financial, social, and environmental impacts, together with policy analyses and recommendations, both for short-term stabilization and for achievement of sustainable and inclusive long-term growth.

The most recent conferences included Social and Environmental Impacts (28–29 September) and Financial Sector Regulation and Reform in Emerging Markets (22–23 October), the latter of which was co-organized with the Brookings Institution in Washington, DC. An inception meeting was held at ADBI on 18 November for a book summarizing overall policy recommendations for achieving sustainable growth in Asia by encouraging domestic and regional demand in an environment where export growth to developed economies cannot be relied upon as an engine of growth.

The September conference on social and environmental impacts, held in Hanoi, was a largescale undertaking organized jointly with ADB, the Government of the People's Republic of China, the Government of Viet Nam, the ASEAN Secretariat, and major development partners (i.e., Germany's BMZ, GTZ, and KfW; the UK's Department for International Development; International Labour Organisation; International Poverty Reduction Center in China; Japan International Cooperation Agency; United Nations Development Programme; World Health Organization; and World Bank). Nearly 300 representatives from governments, civil society, academia, and multilateral and bilateral development agencies discussed and shared country experiences, strategies, and responses. It included over 100 papers and presentations related to the impacts of the crisis, including topics covering employment, poverty, gender, mother and child health, migration, remittances, industryspecific impacts, environment, green growth, and fiscal policy implications.

The October conference on financial sector regulation and reform in emerging markets was cosponsored with the Brookings Institution and brought together scholars and officials from around the world to discuss issues including macroprudential regulation, monetary policy frameworks, capital flows, capital adequacy rules, and micro-finance.

Read a more detailed summary about this conference series.

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