ADB President Reflects on Lessons from Asia’s Development

By Samantha Prior

Asia has been a key driver of global economic growth in the 21st century, and will remain a key theatre for development in the coming decades as one of the fastest developing regions in the world. Economies in the region grew at a rate of 6.1% in 2013 and 2014, and growth is forecasted to increase to 6.2% for 2015. However, poverty levels remain troubling, with nearly one-third of the population of Asia living on less than $1.51 per day in 2010.

ADB Headquarters in Manila

ADB Headquarters in Manila. Photo available under the public domain.

The President of the Asian Development Bank (ADB), Takehiko Nakao, recently put out his “Eight Key Actions for Economic Development in Asia”. Citing Asia’s “remarkable progress in development and poverty reduction,” Nakao seeks to explain why some Asian countries have developed more rapidly than others. He outlined eight key action areas that lead to success:  infrastructure, human capital, macro-economy, investment and trade, governance, equality, vision for the future, and security and stability.  While all eight categories of action are crucial for development, four of Nakao’s points should be highlighted: Continue reading

Weekly Round-up

This week in development…

  • Tuesday was World Humanitarian Day, observed in remembrance of aid workers killed in the field.  New data released in this year’s Aid Worker Security Report shows that 2013 was the most dangerous year for aid workers on record. Many have made suggestions to make 2014 safer– Devex urged the international community to collect more data, address vulnerabilities, and work towards changing perceptions of aid workers abroad. Here is a great infographic breaking down this year’s statistics.
    Chart taken from Aid Worker Security Report 2014

    Chart taken from Aid Worker Security Report 2014

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