Economic Outlook for Asia and the Role of the Asian Development Bank. (2nd January 2017)

• Record Type: Journal Article
• Authors: Nakao, Takehiko
• Is Part Of: Asia-Pacific review. Volume 24:Number 1(2017)
• Page Start: 37
• Page End: 57
• Publication Date: 2017-01-02
• Subjects: Asian cooperation -- Periodicals; Pacific Area cooperation -- Periodicals; East Asia -- Foreign relations -- Periodicals; Pacific Area -- Foreign relations -- Periodicals; East Asia -- Strategic aspects -- Periodicals; Pacific Area -- Strategic aspects -- Periodicals; 327.5
• DOI: 10.1080/13439006.2017.1321295
• Languages: English
• ISSNs: 1343-9006

Abstract

Abstract : This article reviews the history of establishing the Asian Development Bank (ADB) with an original 31 members in 1966. It goes on to describe the changes that have occurred in Asia in the intervening years during which membership has grown to 67, including 48 from within Asia and the Pacific and 19 outside. It also discusses the economic outlook in Asia and the relationship between ADB and People's Republic of China. The article then gives an overview of the current organization and operations of the ADB. This article concludes by eight conditions for development that make countries reach the upper-middle-income status.