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ADBI News
No. 5, 2016
News
Greater domestic demand and investment needed in the PRC

Greater domestic demand and investment needed in the PRC

In recent years, the People's Republic of China (PRC) has depended on exports for strong economic growth but, as exports decline and the economy slows down, the country will need to encourage domestic demand and investment, ADBI Dean Naoyuki Yoshino said in a recent interview with NHK World News. Watch the video.

Linking international trade with the Sustainable Development Goals

Linking international trade with the Sustainable Development Goals

How can international trade help achieve the Sustainable Development Goals and what policies are needed to mitigate risks? Experts answered these questions at a recent workshop Trade and the Sustainable Development Goals: Achieving Win–Wins, organized by ADBI and hosted by the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) in Dhaka, Bangladesh. Read more.

ADBI and OECD hold roundtable on capital market and financial reform

ADBI and OECD hold roundtable on capital market and financial reform

Infrastructure can be financed by long-term domestic savings, including postal savings, bank deposits, and pension and life insurance funds. Such investments require patience, good asset management, and financial education, stressed ADBI Dean Yoshino at a roundtable on 22–23 March at ADBI. Read more.


Financing for development in Asia and the Pacific
Asia lacks long-term investment opportunities for life insurance and pension funds. Money is most often invested in banking, with bank loans usually lasting only 2–5 years. However, life insurance and pension funds are invested for 20–40 years. The capital market in Asia is underdeveloped due to the dominance of banks, said ADBI Dean Yoshino at the First High-Level Follow-up Dialogue on Financing for Development in Asia and the Pacific on 30–31 March in Incheon, Republic of Korea. Read more.


Publications

Among Top 10 Downloads: Impact of the People's Republic of China's Growth Slowdown on Emerging Asia: A General Equilibrium Analysis

Impact of the People's Republic of China's Growth Slowdown on Emerging Asia: A General Equilibrium Analysis A working paper by ADBI's Peter Morgan was among the most downloaded works in the area of economic growth on the Social Science Research Network. Read more and download.

Promoting Better Lifetime Planning through Financial Education

Promoting Better Lifetime Planning Through Financial EducationEffective pension management, financial education curricula in schools, internationally comparable data on financial literacy, and the evaluation of financial education programs are highlighted in this book. Read more and download.

Monetary Policy Influences Oil Pricing

Monetary Policy Influences Oil Pricing While past oil price fluctuations can be explained by pure supply factors, a new ADBI co-publication argues that monetary policy is significant in setting global oil prices, and presents a framework for modeling oil prices while incorporating monetary policy. Read more.

Major Challenges Facing Small and Medium-sized Enterprises in Asia and Solutions for Mitigating Them

Major Challenges Facing Small and Medium-sized Enterprises in Asia and Solutions for Mitigating Them Small and medium-sized enterprises (SMEs) are the backbone of the Asian economy. They make up more than 98% of all Asian businesses that provide two out of three private sector jobs in the region. This paper examines SME growth in Asia. Read more and download.

Housing Markets and Housing Policies in India

Housing Markets and Housing Policies in India India desperately needs to include housing as a constitutional right and resolve issues of unclear land titles and ensuing claims, as argued in this paper. Read more and download.

The Fiscal Risk of Local Government Revenue in the People's Republic of China

The Fiscal Risk of Local Government Revenue in the People's Republic of ChinaSince the Tax Sharing Reform in 1994, local government revenue in the PRC has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local governments of the PRC and focuses on evaluating the effectiveness of fiscal transfers. Read more and download.

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Disclaimer
The views expressed in this newsletter do not necessarily reflect the views or policies of the Asian Development Bank Institute or the Asian Development Bank. Materials may be reprinted with credit given to ADBI News.

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