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This publication presents highlights of a conference that gathered leading academics, policymakers, and international organizations to discuss the theory, practice, and policy considerations of regional public goods. Jointly organized by the Asian Development Bank Economic Research and Regional Cooperation Department and the Asian Development Bank Institute, the conference brought together Asia's policymakers in order to consider and develop new ways...
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The Asian Economic Integration Report is an annual review of economic cooperation and integration that covers the 49 members of ADB in Asia and the Pacific. It documents progress made in trade and global value chains, cross-border investment, financial integration, the movement of people, and sub-regional cooperation. The theme chapter of this year's report explores the potential of technology to boost productivity in aging economies. It also discusses...
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Across the Greater Mekong Subregion (GMS), there are over 500 special economic zones (SEZs) and industrial zones located near GMS economic corridors and covering over 50 million people. This proposed health impact assessment (HIA) framework recognizes these SEZs and economic corridors as economic engines of the subregion and aims to maximize benefits for all. The framework aims to provide enhanced guidance for identifying, mitigating, and managing...
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The six countries of the Greater Mekong Subregion (GMS) are striving to ensure an adequate, reliable, sustainable, and affordable energy supply for all their citizens. Toward this, the GMS countries have identified power trading as a priority for regional cooperation. However, such trading currently represents less than 2% of electricity consumed in the GMS. This publication examines the regulatory and commercial barriers that are preventing a greater...
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The Government of Canada and the Asian Development Bank (ADB) established the Integrated Disaster Risk Management (IDRM) Fund in February 2013. The Fund was created to advance proactive integrated disaster risk management measures on a regional basis within ADB's developing member countries in Southeast Asia, specifically, Cambodia, Indonesia, Lao People's Democratic Republic, Myanmar, the Philippines, Thailand, and Viet Nam. During its operation,...
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This publication was prepared for the Cross-Border Settlement Infrastructure Forum (CSIF) to support its efforts to establish central securities depository and real-time gross settlement linkages. It aims to build a common understanding among CSIF members about international standards and gateways for these linkages, including user requirements and technical specifications. The publication reflects the collaborative efforts currently underway to further...
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This publication explains why Indonesia, Malaysia, and Thailand need to ramp up cooperation to boost their special economic zones (SEZ) and spur sustainable growth. Mapping out and assessing the economic performance of SEZs across the subregion, it highlights the threats they face from factors including growing competition for foreign investment, international trade disputes, and the rise of digital technologies. The publication stresses the need...
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This guide provides comprehensive information on Mongolia's local currency bond market. Since 2002, the Asian Development Bank has been working closely with the Association of Southeast Asian Nations (ASEAN) and Japan, the People's Republic of China, and the Republic of Korea-collectively known as ASEAN+3-under the Asian Bond Markets Initiative to develop resilient regional financial systems. Mongolia became an official observer of the ASEAN+3 Bond...
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Another year into the coronavirus disease (COVID-19) pandemic, the report describes an Asia and Pacific region that has more experience in tackling pandemic hardships, better data showing positive integration trends, and greater confidence in regional cooperation to address shared concerns. The publication gives an overview of changes in trade and global value chains, cross-border investment, financial integration, and the movement of people since...
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This publication covers the review and assessment of existing and potential of trade in Kazakhstan, Tajikistan, and Uzbekistan along the proposed Shymkent-Tashkent-Khujand Economic Corridor (STKEC). The assessment explores the transit of international goods in the three cities and oblasts (administrative regions) in STKEC and trade regimes in the three countries. The publication also, identifies and analyzes existing barriers and opportunities for...
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Unprecedented challenges from the coronavirus disease (COVID-19) pandemic have emphasized the need for Asia and the Pacific countries to work together to build back resiliently and sustainably. This report reflects on lessons learned from efforts to tackle the pandemic through regional cooperation and integration. It provides insights on how region-wide solidarity can be enhanced with the support of multilateral development banks in areas such as...
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Economic corridor development (ECD) is, pursued by developing member countries of the Asian Development Bank to spur economic growth. In Central Asia, ECD is being, piloted as potential is immense, but remains largely untapped. This publication provides a road map for developing the Shymkent-Tashkent-Khujand Economic Corridor (STKEC) connecting Kazakhstan, Tajikistan, and Uzbekistan. It proposes specific action plans for six intertwined thematic areas....
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This publication provides guidance on how governments and utilities in the Greater Mekong Subregion (GMS) can develop sustainable power development plans based on current international best practices. It outlines how the integration of strategic environmental assessments to an integrated resource planning approach can enable power development plans to explore or better manage renewable energy sources efficiently. It also discusses the benefits and...
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Maritime trade is an essential lifeline for the remote island nations of the Pacific, which rely almost entirely on imports for essential goods. This study aims to foster dialogue among governments and development partners on how to leverage smart ports to support trade, resilience, and more inclusive economic growth across the region. It examines practical applications of smart ports in the Pacific context and explores options to align international...
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Cities in Asia and the Pacific are increasingly at risk of heat waves, which are expected to be more severe and persistent due to global warming. The urban poor are especially vulnerable to heat stress and associated health and productivity impacts as they often work outdoors and tend to live in overcrowded housing without adequate ventilation or cooling. This publication examines opportunities for countries to pursue pro-poor urban resilience initiatives...
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This study seeks to help fill knowledge gaps on maritime trade in the Pacific. It examines trade flows in Fiji, Papua New Guinea, Samoa, Timor-Leste, Tonga, and Vanuatu. The study looks at shared constraints, such as the effects of climate change and exposure to external shocks, and identifies synergistic and regional approaches to address them. It aims to inform long-term planning for trade facilitation across the region by identifying key questions...
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This report assesses climate finance in Asia and the Pacific and analyzes how it can be harnessed by developing member countries to expand climate action and spur low-carbon, resilient growth. Designed to help governments and development partners identify and address barriers, it offers a subregional breakdown and underscores the need for equitable access to funds to help countries meet their climate targets. It assesses financing gaps, considers...
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