Asian Development Bank

Displaying 1-40 of 87 results

  • White Papers // May 2010

    Corporate Governance And Foreign Direct Investment

    Merger and acquisition (M&A) activity is motivated by increasing shareholder value through improved corporate governance. Therefore, stronger corporate governance can reduce the returns from M&A activity, including M&A foreign direct investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M&S...

    Provided By Asian Development Bank

  • White Papers // Dec 2009

    Outward Foreign Direct Investment And The Financial Crisis In Developing East Asia

    This paper examines two issues that are central to the rise of the dynamic East Asian economies and the management of globalization during a period of large external shocks. First, the paper examines the rise of developing East Asian economies (i.e., East and Southeast Asia excluding Japan) as significant sources...

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  • White Papers // May 2008

    Foreign Direct Investment In South Asia

    Foreign direct investment (FDI) is an important type of private capital financing for developing countries. It is normally defined as foreign acquisition of at least 10% of the assets of a firm (Markusen 2000). In recent years, FDI in developing Asia has risen tremendously, largely induced by the liberalization of...

    Provided By Asian Development Bank

  • White Papers // Feb 2010

    A Primer On Talent Management

    Globalization, the process by which economies, societies, and cultures are fast integrating through a globe-spanning network of communication and trade, drives both collaboration and competition. And so, in an age when those who possess knowledge - not land, labor, or capital goods - own the new means of production, it...

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  • White Papers // Oct 2009

    Exchange Rate Regimes In The Asia-Pacific Region And The Global Financial Crisis

    Rising economic integration in Asia and periodic volatility in global and national financial markets raise the issue of the optimal degree and form of monetary cooperation among Asian economies. There is a large literature on the benefits and costs of monetary cooperation, however, less can be found with a specific...

    Provided By Asian Development Bank

  • White Papers // Sep 2010

    Global Financial Regulatory Reforms: Implications For Developing Asia

    The objective of global regulatory reform is to build a resilient global financial system that can withstand shocks and dampen, rather than amplify, their effects on the real economy. Lessons drawn from the recent crisis have led to specific reform proposals with concrete implementation plans at the international level. Yet,...

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  • White Papers // Oct 2010

    Methods For Ex Post Economic Evaluation Of Free Trade Agreements

    Evaluating the economic impact of an FTA is an important part of the monitoring and surveying process that should follow the establishment of an FTA. This paper presents methods for evaluating the trade and welfare effects of an FTA. These methods show how to compute indicators for the utilization and...

    Provided By Asian Development Bank

  • White Papers // May 2008

    The Impact Of Capital Inflows On Emerging East Asian Economies: Is Too Much Money Chasing Too Little Good?

    In recent years, emerging East Asian economies have experienced large capital inflows - especially a surge in portfolio inflows - and an appreciation of asset prices such as equities, land, and both nominal and real exchange rates. The paper reviews why a surge in capital inflows can increase asset prices,...

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  • White Papers // May 2008

    Emerging East Asian Banking Systems Ten Years After The 1997/98 Crisis

    This paper looks at the development of the banking sector in emerging East Asia in the 10 years since the financial crisis of 1997/98. It suggests that the health of banking sectors in the region has improved substantially, with key changes including increased foreign ownership, movement into new business lines,...

    Provided By Asian Development Bank

  • White Papers // Jun 2008

    Real And Financial Integration In East Asia

    The authors examine the real and financial integration of East Asian economies, comparing the degree of real versus financial integration, the degree of global versus regional integration, and the extent of integration before versus after the 1997/98 financial crisis in East Asian economies. They analyze price and quantity measures of...

    Provided By Asian Development Bank

  • White Papers // Sep 2008

    Cambodia?s Persistent Dollarization: Causes And Policy Options

    Cambodia's economic and social achievements over the past ten years have been the most impressive in its history. Nevertheless, Cambodia today is still as dollarized, if not more so, than it was ten years ago. What is this so, and what, if anything, should the Government do? This paper attempts...

    Provided By Asian Development Bank

  • White Papers // Nov 2008

    Welfare Implications Of International Financial Integration

    Focusing on technology spillover from Foreign Direct Investment (FDI) inflows, this paper investigates the welfare implications of financial integration. Calibrations of a neoclassical growth model with international technology diffusion show that when technology catch-up due to FDI inflows is considered, the welfare gains from financial integration substantially increase, which contrasts...

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  • White Papers // Nov 2008

    Is The ASEAN-Korea Free Trade Area (AKFTA) An Optimal Free Trade Area?

    The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper qualitatively and quantitatively examines...

    Provided By Asian Development Bank

  • White Papers // Jan 2009

    Does Trade Integration Contribute To Peace?

    This paper investigates the effect of trade integration on military conflict. The empirical analysis, based on a large panel data set of 290,040 country-pair observations from 1950 to 2000, confirms that an increase in bilateral trade interdependence and global trade openness significantly promotes peace. It also suggests that the effect...

    Provided By Asian Development Bank

  • White Papers // Feb 2009

    Aging In Asia: Trends, Impacts And Responses

    By the middle of this century, Asia's elderly population is projected to reach 922.7 million, and its share of population 17.5%, from just 4.1% in 1950. Within the next few decades, Asia is poised to become the oldest region in the world; reforming policies and creating new structures and institutions...

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  • White Papers // Mar 2009

    Re-considering Asian Financial Regionalism In The 1990s

    A common view holds that the trend toward Asian financial regionalism is a relatively new phenomenon that became significant after the Asian financial crisis of 1997/98. This paper challenges this view by exploring and analyzing financial regionalist projects in Asia throughout the 1990s. As they demonstrate, Asian countries, especially Japan,...

    Provided By Asian Development Bank

  • White Papers // Dec 2008

    Commodity Prices And Monetary Policy In Emerging East Asia

    In the first-half of the global financial turmoil, rising inflation was a major concern for emerging East Asian central banks. Coupled with a slowing US economy, regional central banks faced an inevitable monetary policy choice of either addressing higher inflation or supporting moderate growth. Higher food and fuel prices were...

    Provided By Asian Development Bank

  • White Papers // Apr 2009

    Managing Success In Viet Nam: Macroeconomic Consequences Of Large Capital Inflows With Limited Policy Tools

    Viet Nam has experienced spectacular economic growth over the past decade, in part the result of massive Foreign Direct Investment (FDI) inflows. Although much has been written on the impacts of FDI in developing countries, previous studies have generally ignored macroeconomic consequences in cost-benefit assessments. These macroeconomic aspects can be...

    Provided By Asian Development Bank

  • White Papers // May 2009

    The Building Block Versus Stumbling Block Debate Of Regionalism: From The Perspective Of Service Trade Liberalization In Asia

    This paper argues that regionalism is certainly a building block, not a stumbling block to a multilateral trading system, using the services liberalization scheme of Association of Southeast Asian Nations (ASEAN) as a case study. At the same time, it is critical to set out a proper institutional arrangement to...

    Provided By Asian Development Bank

  • White Papers // May 2009

    East Asian And European Economic Integration: A Comparative Analysis

    This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn in order to smooth the future paths of the two groups. On the EU side, institutions, structural policies, and the monetary...

    Provided By Asian Development Bank

  • White Papers // Jun 2009

    Emerging Asia: Decoupling Or Recoupling

    In this paper, the authors investigate the degree of real economic interdependence between emerging Asia and major industrial countries to shed light on the heated debate over the "Decoupling" of emerging Asia. They first document the evolution of macroeconomic interdependence for emerging Asian economies through changing trade and financial linkages...

    Provided By Asian Development Bank

  • White Papers // Jul 2009

    India?s Role In South Asia Trade And Investment Integration

    Recent developments in South Asian countries, especially the re-emergence of democratic governments, new growth momentum despite the global economic downturn and greater openness, warrant a fresh look at the region's prospects for economic integration. On the basis of a thorough review of the literature on potential and prospects of regional...

    Provided By Asian Development Bank

  • White Papers // Sep 2009

    Developing Indicators For Regional Economic Integration And Cooperation

    The authors develop indicators to measure the degree of economic integration and cooperation among East Asian economies and compare these with similar measures for other regions. The indicators cover regional integration in trade, investment, financial assets, and people-to-people exchange. They also analyze measures of regional cooperation such as the density...

    Provided By Asian Development Bank

  • White Papers // Sep 2009

    Beyond The Crisis: Financial Regulatory Reform In Emerging Asia

    This paper is to suggest reform measures to address the gaps and weaknesses in emerging Asia's financial regulatory and supervisory systems, on the basis of lessons drawn from the global crisis. For emerging Asia, the direct impact of the global financial crisis has been limited, thus generating substantially less pressure...

    Provided By Asian Development Bank

  • White Papers // Oct 2009

    Regional Economic Impacts Of Cross-Border Infrastructure: A General Equilibrium Application To Thailand And Lao PDR

    A general equilibrium framework is used in this paper to study the regional economic effects of infrastructure improvements designed to reduce the costs of cross-border inter-regional trade. The analysis focuses on the economic benefits from the Second Mekong International Bridge between Mukdahan Province in Thailand and Savannakhet Province in the...

    Provided By Asian Development Bank

  • White Papers // Nov 2009

    Roads For Asian Integration: Measuring ADB?s Contribution To The Asian Highway Network

    Against the backdrop of growing momentum for Regional Cooperation and Integration (RCI) in Asia, this paper examines the link between regional roads and Asian Development Bank (ADB) support between 1966 and 2008. The novel methodology used in this paper includes an Asia-wide definition of regional roads that fall on the...

    Provided By Asian Development Bank

  • White Papers // Nov 2009

    Complements Or Substitutes? Preferential And Multilateral Trade Liberalization At The Sectoral Level

    This paper explores the relationship between preferential and multilateral trade liberalization at the sectoral level using a unique dataset that includes data on Most Favored Nation (MFN) and bilateral preferential tariffs at the 4-digit ISIC level for 11 Latin American countries over the period 1985 - 2005. The authors find...

    Provided By Asian Development Bank

  • White Papers // Nov 2009

    The Financial Crisis And Money Markets In Emerging Asia

    Asian money markets entered the financial crisis in better shape than markets in other regions due to a substantial build-up of savings and liquidity in their banking systems, as well as a greater domestic focus in most of the region's markets. However, despite the higher liquidity and lower levels of...

    Provided By Asian Development Bank

  • White Papers // Jan 2010

    Regulatory Reforms For Improving The Business Environment In Selected Asian Economies? How Monitoring And Comparative Benchmarking Can Provide Incentive For Reform

    This paper also identifies areas where reform has taken place and where further efforts are needed, such as addressing policy uncertainties, the quality of governance and legal and institutional frameworks, and inadequate regulatory capacity. Attending to these shortcomings will require policymakers to implement structural reforms that improve efficiency and competitiveness...

    Provided By Asian Development Bank

  • White Papers // Jan 2010

    Global Production Sharing, Trade Patterns, And Determinants Of Trade Flows In East Asia

    Global production sharing - the breakup of a production process into vertically separated stages that are carried out in different countries - has become one of the defining characteristics of world trade over the past few decades. Any analysis of trade patterns or its determinants that ignores this phenomenon, and...

    Provided By Asian Development Bank

  • White Papers // Dec 2009

    Fast And Effective Change Management

    When embarking on a change initiative, one should rapidly implement change that results in the higher levels of performance that were envisioned when the decision to make the changes was made. To make this happen, organizations must first overcome the resistance to change and then secure as much discretionary effort...

    Provided By Asian Development Bank

  • White Papers // Sep 2009

    Learning In Strategic Alliances

    The resource-based view of the firm that gained currency in the mid-1980s considered that the competitive advantage of an organization rests on the application of the strategic resources at its disposal. These days, orthodoxy recognizes the merits of the dynamic, knowledge-based capabilities underpinning the positions organizations occupy in a sector...

    Provided By Asian Development Bank

  • White Papers // Feb 2009

    Social Network Analysis

    The information revolution has given birth to new economies structured around flows of data, information, and knowledge. In parallel, social networks have grown stronger as forms of organization of human activity. Social networks are nodes of individuals, groups, organizations, and related systems that tie in one or more types of...

    Provided By Asian Development Bank

  • White Papers // Dec 2009

    The Global Crisis And The Impact On Remittances To Developing Asia

    Remittances to Asia plunged during the 1997 Asian financial crisis, but the drop was temporary as the flows were increasing once again after just 1 year. The current crisis, however, is fundamentally different in that even the countries that send remittances have been adversely affected. The global nature of this...

    Provided By Asian Development Bank

  • White Papers // Sep 2010

    Asia And The Global Crisis: Recovery Prospects And The Future

    The global crisis of 2007-09 affected developing Asia largely through a decline in exports to the developed countries and a slowdown in remittances. This happened very quickly, and by 2009 there were already signs of recovery (except on the employment front). This recovery was led by China's impressive performance, aided...

    Provided By Asian Development Bank

  • White Papers // Oct 2010

    Impact Of Global Financial Crisis On IDB Member Countries: The Case Of Gulf Cooperation Council And Sub-Saharan Africa

    The year 2008 witnessed three major crises (food, energy, global financial and economic crises) and their impacts were increasingly felt worldwide. Since the eruption of global financial crisis from September 2008, international financial markets have become more turbulent, and the global economic slowdown is expected to deepen further. Virtually no...

    Provided By Asian Development Bank

  • White Papers // May 2011

    Trade And Investment In The Greater Mekong Subregion: Remaining Challenges And The Unfinished Policy Agenda

    The Greater Mekong Subregion (GMS) is one of the most successful stories of economic transition and integration among developing countries. Strong rates of economic growth since the early 1990s have been fueled by increased trade and Foreign Direct Investment (FDI) in the subregion. This economic progress has translated into marked...

    Provided By Asian Development Bank

  • White Papers // Nov 2009

    US International Trade And The Global Economic Crisis

    The contraction is on a scale not seen since the global recession following the second oil shock of 1979 - 1980. The United States (US) is at the epicenter of the crisis and is a major source of external demand for developing Asia and Pacific economies. US import and export...

    Provided By Asian Development Bank

  • White Papers // Feb 2009

    Explaining Inflation In Cambodia

    This paper presents an empirical analysis of the causes of inflation. Given the economy is heavily dollarized and Cambodia shares an open border with Viet Nam and Thailand, price developments in Cambodia would be expected to be heavily influenced by those in its two most important trading partners. The paper...

    Provided By Asian Development Bank

  • White Papers // Jun 2010

    ADB?s Contribution To Inclusive Growth In Transport And Energy Projects

    The long-term strategic framework, Strategy 2020, of the Asian Development Bank (ADB) has three pillars, of which inclusive growth is one. However, unlike for environmental sustainability and regional cooperation, the inclusive growth pillar does not have targets or indicators to measure ADB's contribution. Furthermore, the concept of inclusive growth is...

    Provided By Asian Development Bank