Banking on the future of Asia and the Pacific : 50 years of the Asian Development Bank / Peter McCawley.

Format:

Book

Author/Creator:

McCawley, Peter, author.

Language:

English

Subjects (All):

Banks and banking--Asia.

Banks and banking.

Asian Development Bank.

Physical Description:

1 online resource (550 pages)

Edition:

Second edition.

Place of Publication:

Metro Manila, Philippines : Asian Development Bank, 2017.

Summary:

This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region's economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB's successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific over the past 50 years. As ADB continues to evolve and adapt to the region's changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.

Contents:

Cover

Title

Copyright

CONTENTS

About the Author

Foreword

Preface

Contributors

Abbreviations

ADB Regional and Nonregional Members

ADB Time Line

Chapter 1-Introduction

A Multilateral Agency

A development Organization

A Financing Institution

The Leadership Succession

The Challenge of development

Beginnings (Until 1966)

Chapter 2-Asia in the 1960s: Ferment and transformation

Japan and the Flying Geese

The Four Tigers

Instability in Southeast Asia

Stagnation in South Asia

Isolation of the People's Republic of China

Delayed Independence in the Pacific

Other Economic Challenges

Regional Cooperation

International Trends

Chapter 3-Establishing the Bank

Earlier Proposals

Takeshi Watanabe and the Tokyo Study Group

Help from the United Nations Economic Commission for Asia and the Far East

Two Streams Merge

The Scope of Membership

Japan and the United States

Serious Preparations

Drafting the Charter

Headquarters of the bank

The First President

First Decade (1967-1976)

Chapter 4-Asia: Building Momentum and Facing shocks

Strengthening Agriculture

The drive for Industrialization

Coping with Economic Shocks

Chapter 5-ADB: The Character of the Bank

A Vision for the bank

A Careful Start

Research Activities

Other Main Studies

The First Technical Assistance and Loans

Early Priorities

Trends in Lending

Sources of Finance

Increases in Capital

ADB bonds

Special Funds

Transition of the Leadership

Shiro Inoue

Crisis-Related Programs

Second General Capital Increase and Establishment of ADF

Borrowing in Capital Markets, Cofinancing, and Recycling of Oil Money

Operational Summary

Ten Years Old

Second Decade (1977-1986)

Chapter 6-Asia: transformation in the region.

Consequences of Stagflation

Basic Human Needs and Structural Adjustment

Geese become Tigers

Southeast Asia: Swings of Fortune

South Asia

Pacific Island Countries

People's Republic of China

Growth Continues

Chapter 7-ADB: Toward a Broader Development Bank

Taroichi Yoshida

Widening Agenda for ADB

Creating New Loans

Surveys and Reviews

Pressures for Fundraising

Masao Fujioka

Priorities in the 1980s

Increasing Lending and First Private Sector Operations

Staff and First Resident Mission

Agreeing on Country Strategies and Flexible Lending Arrangements

Raising Funds in Hard Times

A Regional development Institution

The People's Republic of China Joins the bank

India as a borrower

Into a Third decade

Third Decade (1987-1996)

Chapter 8-Asia: Reemergence of the region

Changes in Capital Flows

New Trade Arrangements

A broadened International development Agenda

States and Markets

The Influence of Globalization

The Newly Industrialized Economies

Southeast Asia

Central Asian Republics

Increasing Strength in Asia

Chapter 9-ADB: new Members and new regions

Managing Member Priorities

Kimimasa Tarumizu

New Resources

Strategic Planning

Reverberations from Europe

Transition Economies

Asia's Giant Economies

Mitsuo Sato

Running Out of Headroom

Resource Mobilization

New Ways of Working

New Lending Instruments and Scholarships

New Offices Abroad and the ADB Institute

Calm before the Storm

Fourth Decade (1997-2006)

Chapter 10-The Asian Financial Crisis

Thailand: The Crisis Erupts

Republic of Korea: A Rapid Response

Indonesia: Political Upheaval

Other Asian Neighbors

The ADB Response.

Programs in Thailand

Programs in the Republic of Korea

Programs in Indonesia

Impact on ADB

Graduation of Newly Industrialized Economies

Policy Reforms, Research, and Advocacy

Turmoil in Asia: What Went Wrong?

Weak Fundamentals or Investor Panic

Criticism of International Rescue Operations

Regional Initiatives

Asia and ADB after the Crisis

Chapter 11-Asia: A new Century Dawns

Recovery and Ascent in Asia

Growing Intraregional Trade and Capital Flows

Making Globalization Work

Broader View of development and Millennium development Goals

Changing Finance Architecture

The Fourth ADB decade

Chapter 12-ADB: the Widening Development Agenda

Tadao Chino

A Corporate Strategy

Organizational Changes

Assisting Fragile States

Concerns for Sustainable Development and Governance

More Accountable and Effective Assistance

Three Asian development Fund Replenishments

Ordinary Capital Resources Operations and Funding

Haruhiko Kuroda

Building on Past Measures

Revitalizing Regional Cooperation

New Corporate directions

A Challenging and Transformative decade

Fifth Decade (2007-2016)

Chapter 13-Asia: growth in Uncertain times

Progress with Variations, but Growth Gathering Momentum

Global Financial Crisis and Asian Resilience

Rebalancing Growth to Sustain development

Rising Inequality and Pressure on Environment

Actions Needed for Climate Change

Sustainable development Goals

New Sources of development Finance

Issues Surrounding Globalization

Solid Growth of Asia

The Fifth ADB decade

Chapter 14-ADB: Stronger, Better, Faster

New Long-Term Strategic Framework

Global Financial Crisis and Response

The General Capital Increase

Ninth and Tenth Asian Development Fund Replenishments.

ASEAN Infrastructure Fund and Credit Guarantee and Investment Facility

Improving Performance and Accountability

Human Resources

Takehiko Nakao

Midterm Review of Strategy 2020

Toward a "Stronger, better, Faster" ADB

Financial Innovation: Combination of Asian development Fund Lending Operations and Ordinary Capital Resources

Eleventh Asian development Fund Replenishment

Cofinancing and Trust Funds through the decades

Cooperation with New Multilateral development banks

Looking Ahead

Chapter 15-Epilogue: looking beyond 50 Years

Bibliography

Appendixes

1. Asia: Regional Overview Tables

2. ADB : Institutional, Operational, and Financial Highlights Tables

3. ADB : Impact of the Ad F-OCR Merger and ADB 's Financial Statements

4. ADB : Time Line of Key ADB Milestones, 1950s to 2016

Index.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

9789292578763

9292578766