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Development Imperatives for the Asian Century

Development Imperatives for the Asian Century

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Despite Asia’s remarkable economic success in the last half century, income inequality has worsened substantially and the region has become the world’s leading emitter of greenhouse gases. Should Asia simply continue on its established growth path? How can Asian governments pursue growth strategies that are socially inclusive and environmentally sustainable?
Despite Asia’s remarkable economic success in the last half century, income inequality has worsened substantially and the region has become the world’s leading emitter of greenhouse gases. Should Asia simply continue on its established growth path? How can Asian governments pursue growth strategies that are socially inclusive and environmentally sustainable?

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Published by: Asian Development Bank on Oct 29, 2013
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12/17/2013

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Development Imperatives or the Asian Century
Peter Petri and Vinod ThomasNo. 360 | July 2013
 ADB Economics Working Paper Series
 
 
 ADB Economics Working Paper Series
Development Imperatives for the Asian Century
Peter Petri and Vinod ThomasNo. 360 July 2013
 
Peter Petri is Carl Shapiro Professor of InternationalFinance at Brandeis University and Vinod Thomasis Director General of Independent Evaluation at theAsian Development Bank. The paper builds on background notes from AnanyaBasu, Shikha Jha, Divya Mathew, Peter Petri, RobertPicciotto, and Juzhong Zhuang. The paper benefittedfrom guidance from Ashok Lahiri, Rajat Nag, and MarioSander von Torklus, and inputs from Nessim Ahmad,Indu Bhushan, Daniele Ponzi, Changyong Rhee, andKazu Sakai. Valerie Reppelin-Hill provided overallsupport, and Jocelyn Tubadeza, Alice Martha Lee andKhalid Umar research support. All this collaboration isgratefully acknowledged.
 
 
 Asian Development Bank6 ADB Avenue, Mandaluyong City1550 Metro Manila, Philippineswww.adb.org© 2013 by Asian Development BankJuly 2013ISSN 1655-5252Publication Stock No. WPS135847The views expressed in this paper are those of the author and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for anyconsequence of their use.By making any designation of or reference to a particular territory or geographic area, or by using the term “country”in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.Note: In this publication, “$” refers to US dollars.
The ADB Economics Working Paper Series is a forum for stimulating discussion and elicitingfeedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals withkey economic and development problems, particularly those facing the Asia and Pacific region;as well as conceptual, analytical, or methodological issues relating to project/programeconomic analysis, and statistical data and measurement. The series aims to enhance theknowledge on Asia’s development and policy challenges; strengthen analytical rigor and qualityof ADB’s country partnership strategies, and its subregional and country operations; andimprove the quality and availability of statistical data and development indicators for monitoringdevelopment effectiveness.The ADB Economics Working Paper Series is a quick-disseminating, informal publicationwhose titles could subsequently be revised for publication as articles in professional journals or chapters in books. The series is maintained by the Economics and Research Department.
Printed on recycled paper 

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