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The Elgar Companion to the Asian Development Bank
Providing an authoritative yet accessible introduction to the Asian Development Bank (ADB), this comprehensive Companion offers a detailed examination of the ADB’s objectives, policies, development outcomes, strengths and weaknesses, areas for reform, and challenges going forward.
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Critical Acclaim
Contributors
Contents
More Information
Providing an authoritative yet accessible introduction to the Asian Development Bank (ADB), this comprehensive Companion offers a detailed examination of the ADB’s objectives, policies, development outcomes, strengths and weaknesses, areas for reform, and challenges going forward.
M. G. Quibria and Albab Akanda’s enlightening Companion is a significant addition to the literature on the ADB, delivering in-depth assessments of its operations to date and succinctly summarising its future priorities. Chapters provide state-of-the-art contributions from leading scholars on various themes such as the ADB’s approach to an increasingly multipolar world, the role of the ADB in supporting developing member countries, agricultural transformation in developing Asia and the challenges and opportunities represented by megacities in developing Asia. Crucially, the Companion advances the sound knowledge of the ADB’s history, its current methods of operation and its position in the global economy .
This stimulating and forward-looking Companion will be essential reading for students, scholars and academics interested in Asian development, international economic development and international relations. It will also be a vital resource for international policymakers, diplomats, practitioners and think tank staff.
M. G. Quibria and Albab Akanda’s enlightening Companion is a significant addition to the literature on the ADB, delivering in-depth assessments of its operations to date and succinctly summarising its future priorities. Chapters provide state-of-the-art contributions from leading scholars on various themes such as the ADB’s approach to an increasingly multipolar world, the role of the ADB in supporting developing member countries, agricultural transformation in developing Asia and the challenges and opportunities represented by megacities in developing Asia. Crucially, the Companion advances the sound knowledge of the ADB’s history, its current methods of operation and its position in the global economy .
This stimulating and forward-looking Companion will be essential reading for students, scholars and academics interested in Asian development, international economic development and international relations. It will also be a vital resource for international policymakers, diplomats, practitioners and think tank staff.
Critical Acclaim
‘I strongly recommend this book for anyone interested in Asian development and, in particular, the ADB. It provides an authoritative yet accessible introduction to the ADB—its objectives, policies, development outcomes, strengths, weaknesses, areas for reforms, and challenges going forward including state-of-the-art reviews of current debates on various ADB-related issues in the context of ongoing deliberations on development assistance, international political economy, and good governance.’
– Jere R. Behrman, University of Pennsylvania, US
‘It was once thought that the mandate of the ADB was to reduce poverty. Since the Asian Miracle reduced poverty, did it reduce the need for the ADB? The establishment of the Asian Infrastructure Investment Bank, “One Belt One Road” initiative, and enormous demand for infrastructure investment, among other things, have completely changed the economic and political milieu facing the ADB. This book covers many topics of interest for all of us who are concerned with the present state and future of Asia and the ADB.’
– Keijiro Otsuka, Kobe University, Japan
‘The Elgar Companion to the Asian Development Bank is a comprehensive guide that delves into the history, achievements, challenges, and prospects of the Asian Development Bank (ADB). Distinguished scholars and experts explore various dimensions of the ADB''s role in the Asia-Pacific region, including its response to a changing world, its support for member countries'' development, its contributions to economic and social progress, and its recommendations for reforms. The book provides a critical assessment of the ADB''s strengths and weaknesses within the global economic landscape. It is an essential resource for those interested in Asian development, international economic development, and international relations.’
– Arvind Panagariya, Columbia University, US
‘This book on the Asian Development Bank (ADB) is a welcome compendium of treatises and reflections crafted by former professional senior officials coming from Asia.’
– Ernesto Pernia, University of the Philippines, Philippines
‘The Asian Development Bank is the premier international development finance institution for the Asia-Pacific region. It recently celebrated its first 50 years by commissioning both an official history and an authoritative examination of these countries’ socio-economic development. This Companion by retired senior officials of the Bank provides further rich insights into this fascinating and diverse region.’
– Hal Hill, Australian National University, Australia
– Jere R. Behrman, University of Pennsylvania, US
‘It was once thought that the mandate of the ADB was to reduce poverty. Since the Asian Miracle reduced poverty, did it reduce the need for the ADB? The establishment of the Asian Infrastructure Investment Bank, “One Belt One Road” initiative, and enormous demand for infrastructure investment, among other things, have completely changed the economic and political milieu facing the ADB. This book covers many topics of interest for all of us who are concerned with the present state and future of Asia and the ADB.’
– Keijiro Otsuka, Kobe University, Japan
‘The Elgar Companion to the Asian Development Bank is a comprehensive guide that delves into the history, achievements, challenges, and prospects of the Asian Development Bank (ADB). Distinguished scholars and experts explore various dimensions of the ADB''s role in the Asia-Pacific region, including its response to a changing world, its support for member countries'' development, its contributions to economic and social progress, and its recommendations for reforms. The book provides a critical assessment of the ADB''s strengths and weaknesses within the global economic landscape. It is an essential resource for those interested in Asian development, international economic development, and international relations.’
– Arvind Panagariya, Columbia University, US
‘This book on the Asian Development Bank (ADB) is a welcome compendium of treatises and reflections crafted by former professional senior officials coming from Asia.’
– Ernesto Pernia, University of the Philippines, Philippines
‘The Asian Development Bank is the premier international development finance institution for the Asia-Pacific region. It recently celebrated its first 50 years by commissioning both an official history and an authoritative examination of these countries’ socio-economic development. This Companion by retired senior officials of the Bank provides further rich insights into this fascinating and diverse region.’
– Hal Hill, Australian National University, Australia
Contributors
Contributors include: Ramesh B. Adhikari, Albab Akanda, Mohiuddin Alamgir, Armando Balloffet, Douglas H. Brooks, Shiladitya Chatterjee, Bart W. Édes, Xianbai Ji, Marco Gatti, Prodipto Ghosh, Stephen P. Groff, Syed Abu Hasnath, William Loxley, Jayant Menon, Eugenia McGill, Dan Millison, Raja M. Mitra, K. A. S. Murshid, Suresh Nanwani, M. G. Quibria, Pradumna B. Rana, Vinod Thomas, Cedric Saldanha, Clay G. Wescott, Ganeshan Wignaraja, Juzhong Zhuang, Xianbin Yao
Contents
Contents
Preface xii
Acknowledgments xv
1 Asian Development Bank and the Belt and Road Initiative: challenges
and opportunities 1
Xianbai Ji and Pradumna B. Rana
2 The Asian Infrastructure Investment Bank: a complement or a substitute
for the Asian Development Bank? 11
M. G. Quibria
3 Organizing the Asian Development Bank: challenges and opportunities
in an increasingly multipolar world 21
Stephen P. Groff
4 Improving professional expertise: key to enhancing the Asian
Development Bank’s development effectiveness 33
Cedric Saldanha
5 Economic research at Asian Development Bank: a retrospective 43
Ramesh B. Adhikari
6 Averting economic crisis in developing Asia through economic
surveillance: the role of the Asian Development Bank 56
Juzhong Zhuang
7 Climate disasters in Asia and the Pacific: the role of the Asian
Development Bank in mitigation and adaptation 66
Vinod Thomas
8 Post-pandemic developing Asia: an agenda for the Asian Development Bank 78
Shiladitya Chatterjee
9 Symbiosis of trade and regional cooperation in Asia and the Pacific: the
role of the Asian Development Bank 91
Douglas H. Brooks
10 The role of the Asian Development Bank in fostering regional
integration through cross-border transport connectivity 101
Jayant Menon
11 Assessing the role of mega infrastructure initiatives and the Asian
Development Bank in financing Asian infrastructure 116
Ganeshan Wignaraja and Marco Gatti
12 From governance to performance in Asia-Pacific 131
Clay G. Wescott
13 Poverty in developing Asia and the Asian Development Bank 144
Mohiuddin Alamgir
14 Agricultural transformation and food security in developing Asia: past
successes, present challenges, and future policy options 157
M. G. Quibria
15 Megacities in developing Asia: challenges and opportunities 167
Syed Abu Hasnath
16 Environmental and social impact assessment: revisiting the theme 177
Armando Balloffet and Albab Akanda
17 The Asian Development Bank’s accountability mechanism: shifts in the
accountability landscape 187
Suresh Nanwani
18 The Asian Development Bank’s environment program: challenges and
directions 199
Prodipto Ghosh
19 The evolution of the Asian Development Bank’s relations with civil society 213
Bart W. Édes
20 Improving the Asian Development Bank’s education sector service delivery 226
William Loxley
21 Advancing gender equality and women’s empowerment in Asia beyond
the Covid-19 pandemic – challenges and opportunities for the Asian
Development Bank 236
Eugenia McGill
22 The Asian Development Bank’s energy sector operations in the
twenty-first century 249
Dan Millison
23 The private sector challenge for the Asian Development Bank: some reflections 263
K. A. S. Murshid
24 Promoting ICT in developing Asia: the road ahead 275
Raja M. Mitra
25 The Asian Development Bank and the Pacific Islands 288
Xianbin Yao
Preface xii
Acknowledgments xv
1 Asian Development Bank and the Belt and Road Initiative: challenges
and opportunities 1
Xianbai Ji and Pradumna B. Rana
2 The Asian Infrastructure Investment Bank: a complement or a substitute
for the Asian Development Bank? 11
M. G. Quibria
3 Organizing the Asian Development Bank: challenges and opportunities
in an increasingly multipolar world 21
Stephen P. Groff
4 Improving professional expertise: key to enhancing the Asian
Development Bank’s development effectiveness 33
Cedric Saldanha
5 Economic research at Asian Development Bank: a retrospective 43
Ramesh B. Adhikari
6 Averting economic crisis in developing Asia through economic
surveillance: the role of the Asian Development Bank 56
Juzhong Zhuang
7 Climate disasters in Asia and the Pacific: the role of the Asian
Development Bank in mitigation and adaptation 66
Vinod Thomas
8 Post-pandemic developing Asia: an agenda for the Asian Development Bank 78
Shiladitya Chatterjee
9 Symbiosis of trade and regional cooperation in Asia and the Pacific: the
role of the Asian Development Bank 91
Douglas H. Brooks
10 The role of the Asian Development Bank in fostering regional
integration through cross-border transport connectivity 101
Jayant Menon
11 Assessing the role of mega infrastructure initiatives and the Asian
Development Bank in financing Asian infrastructure 116
Ganeshan Wignaraja and Marco Gatti
12 From governance to performance in Asia-Pacific 131
Clay G. Wescott
13 Poverty in developing Asia and the Asian Development Bank 144
Mohiuddin Alamgir
14 Agricultural transformation and food security in developing Asia: past
successes, present challenges, and future policy options 157
M. G. Quibria
15 Megacities in developing Asia: challenges and opportunities 167
Syed Abu Hasnath
16 Environmental and social impact assessment: revisiting the theme 177
Armando Balloffet and Albab Akanda
17 The Asian Development Bank’s accountability mechanism: shifts in the
accountability landscape 187
Suresh Nanwani
18 The Asian Development Bank’s environment program: challenges and
directions 199
Prodipto Ghosh
19 The evolution of the Asian Development Bank’s relations with civil society 213
Bart W. Édes
20 Improving the Asian Development Bank’s education sector service delivery 226
William Loxley
21 Advancing gender equality and women’s empowerment in Asia beyond
the Covid-19 pandemic – challenges and opportunities for the Asian
Development Bank 236
Eugenia McGill
22 The Asian Development Bank’s energy sector operations in the
twenty-first century 249
Dan Millison
23 The private sector challenge for the Asian Development Bank: some reflections 263
K. A. S. Murshid
24 Promoting ICT in developing Asia: the road ahead 275
Raja M. Mitra
25 The Asian Development Bank and the Pacific Islands 288
Xianbin Yao
