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T20 Japan tackles the G20’s demographic dividend reversal Jun 13, 2019

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A growing number of G20 countries are confronted with rapidly aging societies. This demographic transition poses a serious threat to economic stability, as ADBI Deputy Dean Chul Ju Kim, lead co-chair of the T20 Japan task force on population aging, explains. Read the transcript https://bit.ly/2F5JZE7 Visit the T20 website https://t20japan.org Read Task Force 10: Aging Population and its Economic Impact + Immigration https://bit.ly/2ZiNUVH

T20 Japan policy innovations detail keys to digital disruption-ready labor and education Jun 05, 2019

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Think 20 (T20) is the research and policy advice network for the G20 which in 2019 is chaired by ADBI as part of Japan’s G20 presidency. In this podcast, we look at T20 policy solutions for addressing the Future of Work and Education for the Digital Age. The Lead Co-Chair of the T20 Japan task force tackling this rapidly emerging issue is Dr Peter Morgan, ADBI Senior Consulting Economist and Vice Chair of Research. Read the transcript https://bit.ly/2YSxO4T Visit the T20 website https://t20japan.org Read Task Force 7: The Future of Work and Education for the Digital Age https://bit.ly/30OBoyT Read the latest ADBI publication: Realizing Education for All in the Digital Age https://bit.ly/2JKjuIp

PPPs and GIBs can be used to effectively finance low-carbon infrastructure to fight climate change May 29, 2019

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Large-scale funding is needed to transform fossil fuel dominated energy markets into a low-carbon energy sector, and that requires private sector participation, both in terms of investment and institution building, especially in Asia, which is the current growth center of the world. Countries have to accelerate further investment into low-carbon energy infrastructure to meet their Paris Climate Change Accord commitments. And thus, there are new opportunities for green growth. Public–private partnerships and green investment banks are two effective ways to bring private-sector funding on board to promote those goals. Read the transcript https://bit.ly/2HlYbdE Read the working paper https://bit.ly/2JoS5LV About the authors Dharish David is an associate faculty member at the Singapore University of Social Sciences. Anbumozhi Venkatachalam is a senior energy economist at the Economic Research Institute for ASEAN and East Asia. Know more about ADBI’s work https://bit.ly/2LHd91X https://bit.ly/2VnJ1II

T20 Japan think tanks boost the impact of the G20 May 22, 2019

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The Think20 (T20), the G20’s research and policy advice network, will hold its annual summit in Tokyo on 26-27 May 2019 to detail groundbreaking policy innovations for consideration by G20 Leaders during their summit in Osaka one month later. In this episode of Asia’s Developing Future, T20 Japan Chair, ADBI Dean Naoyuki Yoshino, explains how the T20’s empirical approach to policy development could do wonders for G20 countries ability to tackle emerging challenges at this critical juncture for the global economy. Read the transcript https://bit.ly/2LYbntE Visit the T20 website https://t20japan.org Watch our animation on localized green energy projects https://bit.ly/2WShGjn

Bangladesh needs to act to boost renewable energy as climate change effects loom May 13, 2019

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Fast-growing Bangladesh is getting richer but environmental issues are being left behind. It may be time to take a step back and look at what could and should be done to avert a potential catastrophe. Bangladesh is one of the countries most exposed to climate change events. Almost 75% of its territory lies less than 10 meters above sea level, and more than 700 rivers run through its territory. Floods, drought, salinity, cyclones, sea-level rises, and more may become more common in the coming years. At the same time, its 160 million inhabitants are starting to benefit from growth of over 6% a year in the last decade. Per capita energy consumption has almost doubled since 2000 and millions who never had access to power can now flip a switch for lights or plug in appliances to get electricity. Read the transcript https://bit.ly/2VurCCW Read the working paper https://bit.ly/2WEnOfa About the author Monzur Hossain is a senior research fellow at the Bangladesh Institute of Development Studies in Dhaka, Bangladesh. Know more about ADBI’s work https://bit.ly/2HfcAXE

Malaysia labor income share rises, inequality falls, but it isn’t a good sign May 01, 2019

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The share of national income earned by workers has been falling in most countries, and inequality has been rising as a result. The opposite is true in Malaysia. But what seems to be good news there is masking a worrying trend. Income share has become a focus of economists and social policy advocates as the share of income taken by workers has fallen and that earned by the owners of capital has risen. It’s a global version of “the rich get richer” in effect, and has been seen throughout the world in recent years. So, it makes sense that when labor income share was seen to be rising in Malaysia, and inequality evening out, the trend would draw attention. Unfortunately, the reason behind what would seem on the surface a positive shift in Malaysia can likely be blamed on the country’s de-industrializing, says researchers for a working paper for the Asian Development Bank Institute. Read the transcript https://bit.ly/2GHsFXd Read the working paper https://bit.ly/2W4FDU7 About the authors Allen Ng is director of research at Malaysia’s Khazanah Research Institute. Tan Theng Theng and Tan Zhai Gen are research assistants at the institute. Know more about ADBI’s work https://bit.ly/2GC5lKu

Evidence increasing of link between globalization and declining labor income share Apr 25, 2019

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The global trend to more open trade and migration has benefited the global economy, but the share of income taken by labor has been declining at the same time. As protectionism and anti-migration policies grow in some countries, the role of globalization in the declining share of labor income has become a focus. That labor is seeing a decline in its share of income in many countries has been shown in a number of studies. The question is, why? Read the transcript https://bit.ly/2W4pYnK Read the working paper https://bit.ly/2DwDTMl About the authors Ken Suzuki is a researcher at the Embassy of Japan in Jordan. Yoko Oishi is a research associate at the Asian Development Bank Institute (ADBI). Saumik Paul was a research economist at ADBI at the time the working paper was published. Know more about ADBI’s work https://bit.ly/2GC5lKu

Viet Nam needs major changes to meet its renewable energy goals Apr 19, 2019

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Viet Nam has made ambitious commitments to combat climate change under the Paris Agreement, but only by making massive changes will it be able to live up to those plans. Viet Nam’s carbon intensity—or the use of carbon in its economy—is currently the second highest in Asia. The growth in the amount of greenhouse gasses it produces is among the fastest in the world. Rather than demonstrating a clear program to switch to alternative energy sources, the government plans an even greater reliance on fossil fuels to maintain the country’s impressive growth rate. Read the transcript https://bit.ly/2ItEKRZ Read the working paper https://bit.ly/2VVdWx1 About the authors Trong Co Nguyen is a director at Viet Nam’s Academy of Finance in the Ministry of Finance. Anh Tu Chuc is an associate professor at the Academy of Finance in the Ministry of Finance. Le Ngoc Dang is a faculty member of the International Finance Department at the Academy, which is based in Ha Noi. Know more about ADBI’s work https://bit.ly/2IFRcgQ https://bit.ly/2MbErO1

Internal migration rules decrease trade benefits, increase disparity in the PRC Apr 10, 2019

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Limits to internal migration increase disparity and keep the People’s Republic of China (PRC) from reaping the full benefit of its trade and industry success. The PRC’s internal registration system, known as “hukou,” calls for residents to be registered and identified in the places they live. Although the system has been somewhat relaxed over the last few decades, obtaining hukou in cities such as Beijing or Shanghai remains difficult for those who move there in search of work. Workers who come to those cities without valid hukou are not eligible for some jobs or the full range of social services available to official residents. Read the transcript https://bit.ly/2Ko8OjI Read the working paper https://bit.ly/2U7PTdR About the authors Yuan Zi is an assistant professor at the University of Oslo in Norway. Know more about ADBI’s work https://bit.ly/2UOCN8F

Manufacturing in developing countries benefits from quality service firms Apr 03, 2019

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Services firms can help manufacturing grow in developing countries. But the quality and technological competence of those companies is what matters most when it comes to positive spillover effects. The simple existence of service firms isn’t enough to make a difference for manufacturers. In addition, countries which allow more open trade in services can expect to see a greater benefit for their manufacturing sector, and that is especially true for low-income countries. The makeup of manufacturing companies is also a factor in whether they will benefit from contact with services firms. Those are the main findings of a working paper for the Asian Development Bank Institute, which looked at the spillover benefits that service firms can have on manufacturing. Read the transcript https://bit.ly/2JUYGyC Read the working paper https://bit.ly/2TRudkC About the authors Deborah Winkler is a senior consultant and principal at Global Economic Policy LLC. Know more about ADBI’s work https://bit.ly/2FODchP

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