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South Asia could be linchpin for regional integration
As the world deals with the "new normal" of a slowing China, regional financial and economic integration is more important than ever, and South Asia is strategically poised to play an influential part. There are several reasons why it is time to take a fresh look at the potential bridging role of South Asian economies in Asian integration. First, the South Asian economies -- which comprise India, Pakistan, Bangladesh, Sri Lanka, Nepal, the Maldives, Afghanistan and Bhutan -- have a largely untapped market of about 1.7 billion people, and they belong to the South Asian Free Trade Area.
On the unintended consequences of housing policies: A cautionary tale of three developed countries
Lack of affordable housing is a serious policy concern in many countries. In large prosperous cities such as London, New York, Beijing, or Tokyo, the affordability crisis is particularly acute. In these cities, households often live in excessively expensive and crammed spaces. Homeownership remains an unachievable dream for many. Not surprisingly, voters in these places pressure politicians into implementing policies that tackle the crisis.
5 reasons to be worried about health security in Asia
If you live in Asia and the Pacific, do you ever wonder how high your risk is of contracting antimicrobial-resistant bacteria or emerging infectious diseases such as a new strain of avian influenza? Unfortunately, I have to tell you that the risk here is higher that in any other region in the world.
Realizing the Paris Agreement: How can Asia manage the transition to a low-carbon economy?
As the world celebrates the Paris agreement, after 20 years of fraught meetings, its significance for the future development pathways of the emerging economies of Asia cannot be underestimated. Critically, it will increase the flow of additional public and private finance for vulnerable countries for both low carbon and climate resilient investments. Low-carbon green growth pathways toward a possible 1.5°C limit and 5-year reviews will be played out through the Intended Nationally Determined Contributions (INDCs).
Reinvigorating agricultural productivity in the Lower Mekong
The green revolution has done wonders for Asia. Yields for most crops, particularly the region's main staple of rice, have doubled over recent decades. In the Lower Mekong Delta, considered to be Asia's rice bowl, the new technologies and crop strains that the green revolution brought were a big success.
What Africa can learn from Asian supply chains
At this week’s 10th World Trade Organization (WTO) Ministerial Conference in Nairobi, Kenya, trade ministers are trying to advance 15 years of Doha Development Agenda talks to reduce trade barriers. The real issue, however, is whether African economies can follow East Asia's success in global supply chains amid “new normal" growth and rising inequality.
How to achieve inclusive growth? Income inequality and health in G20 countries
The G20 leader’s summit came to a close earlier this month in Istanbul, Turkey. The emphasis of Turkey’s G20 presidency this year is on “inclusive and robust global growth.” Turkey recognizes inequality as a major problem within countries as well as across national borders and stresses the need for reducing inequality in order to achieve mutual growth. In this article, I examine the relationship between income inequality and health among G20 countries. I find that as income inequality lessens, key health outcomes, such as child mortality and life expectancy, also improve substantially. This is an important finding that could provide guidance for ADB member economies in formulating their domestic policies to foster inclusive growth.
TAPI pipeline: Inching from dreams to reality
The Turkmenistan–Afghanistan–Pakistan–India (TAPI) gas pipeline project was first conceived in October 1997 by Central Asia Gas Pipeline Limited (CentGas). Almost 18 years later, the pipeline—often dubbed as the “on/off pipeline,” the “pipeline dream,” and the “peace pipeline”—although still on the drawing board is inching closer to reality.
TPP as inspiration for the 10th WTO Ministerial Conference in Nairobi?
At the beginning of October, 12 Pacific Rim countries agreed on the Trans-Pacific Partnership (TPP) agreement. The TPP agreement has been hailed as a landmark trade pact, as it includes many issues that have so far not found their way into the rule of law in the multilateral trading system. As a reaction to the successful deal, World Trade Organization (WTO) Director-General Roberto Azevêdo announced that the TPP “will serve as an inspiration for WTO members” for the forthcoming 10th Ministerial Conference in Nairobi, Kenya. In this article, I argue that neither the process of TPP talks nor the content of the TPP agreement can provide a positive stimulus for the Doha Development Agenda (DDA) negotiations.
Energy security and sustained growth: Analysis of the energy outlook and savings potential in the EAS region
Sustained population and economic growth have almost doubled both primary and final energy demand in the East Asia Summit (EAS) region, and this rising energy demand is posing an increasing threat to energy security. Examination of potential energy saving is key to reducing energy demand and carbon dioxide (CO2) emissions, and findings can shed light on policy implications for decision making to ensure the region can enjoy economic growth without compromising energy security or causing environmental problems.
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