The Asian Development Review is the professional journal of the Asian Development Bank (ADB) that aims to disseminate the results of economic and development research carried out by ADB staff and resource persons. The Review seeks high-quality papers with relevance to policy issues and operational matters done in an empirically rigorous way. Articles are intended for readership among economists and social scientists in government, private sector, academia, and international organizations.

The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review seeks high-quality papers with relevance to policy issues and operational matters done in an empirically-rigorous way. Articles are intended for readership among economists and social scientists in government, private sector, academia, and international organizations. In this issue---ADB Distinguished Speakers Program: Poverty and Redistribution in Emerging Economies; South-South FDI and Development in East Asia; Forecasting Volatility in Asian Stock Markets: Contributions of Local, Regional, and Global Factors; Remittances and Household Expenditure Patterns in Tajikistan: A Propensity Score Matching Analysis; Industrial Deepening in Malaysia: Policy Lessons for Developing Countries; The Global Financial Crisis and Resilience of the Thai Banking Sector; Does East Asian Integration Keep Up with the European Pattern? Empirical Evidence from Intra-Industry Trade in Europe and East Asia.

measure of the rate of innovation --research-and-development (R&D) expenditure per employee compared to new patents received per employee -- does not adequately capture a unique feature of SMEs, namely that owners and managers are often themselves innovators. For example, in Japan 52 per cent of SMEs' innovations reported in 1986 were created by employers, whereas in large firms 72 per cent of innovations were created by research technicians. Nevertheless, patchy evidence from Germany, the United Kingdom and the United States indicates that SMEs at least hold their own in terms of innovation compared to large firms. Perhaps most significantly, a recent study indicates that, while the total number of innovations is positively related to R&D expenditures, skilled labour and the degree to which large firms comprise the industry, in innovative industries innovative activity tends to emanate more from SMEs than large firms. This is probably because in industries where large firms dominate, SMEs need to be innovative to survive. There is much information to suggest that in technologies such as micro-electronics, new materials and biotechnology SMEs tend to be in the vanguard of innovation. Small and medium-sized enterprises as exporters. The contribution of SMEs to a national economy from exporting is generally small; for example, in Japan SMEs accounted for only 13 per cent of merchandise exports in 1990.

Biotechnology Is At The Heart Of Technology Revolution In Asia Today With Immense Potential In The Pharmaceutical And Agriculture Sectors. This Study Covers Economic And Policy Issues And The Experiences In Biotechnology In Japan, India, Malaysia, The Phillipines, Korea, Bangladesh, Thailand, China And Singapore And Also The International Cooperative Strategies Of Asean And In Europe. This Book Is A Valuable Resource For Governments, Multilateral Institutions, Academics And Practitioners In The Field Of Economic Development And Technology Policy Management.

Despite the policy change the Asian Development Bank's rural sector projects have continued to focus on increasing production, with little impact on unemployment or poverty. This study examines the reasons - both political and organizational - for the gap between policy practice.

This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rate, commodity prices, and interest rates. It also analyzes specific fiscal and institutional risks, such as those related to the pension system, the issuance of guarantees, the state-owned commercial banks, and the external borrowing and debt management strategy. The paper finds that fiscal aggregates are particularly sensitive to shocks to commodity prices and exchange rates. Other factors that could affect fiscal aggregates are the unfunded pension system and the limited institutional capacity.

The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review seeks high-quality papers with relevance to policy issues and operational matters done in an empirically-rigorous way. Articles are intended for readership among economists and social scientists in government, private sector, academia, and international organizations. In this issue---Taking Institutions Seriously: Rethinking the Political Economy of Development in the Philippines; Effects of Taxation on Migration: Some Evidence for the ASEAN and APEC Economies; National IQ and National Productivity: The Hive Mind Across Asia; Market Integration in the People's Republic of China; Collective Action, Political Parties, and Pro-Development Public Policy; Infrastructure and Growth in Developing Asia.

South Asians comprise over 15 per cent of all international migrating population, among the highest in the world. The countries of the Persian Gulf are perhaps still the largest recipients of migrant workers. A unique economy has developed between these two regions, with all South Asian nations being major beneficiaries and featuring among the top twenty countries receiving maximum remittances globally. The South Asia Migration Report 2017 is the first of its kind, documenting migration profiles, diaspora, recruitment and remittances, both in individual countries as well as the South Asian region as a whole. It also discusses skilled, unskilled and internal migrations. The volume: includes on-the-ground studies from six nations: India, Pakistan, Bangladesh, Sri Lanka, Nepal and Afghanistan; discusses public policy, effects of global recession on the region and its impact on migration; and examines the process of reintegration of returning migrants. This book will be indispensable for scholars and researchers of economics, development studies, migration and diaspora studies, labour studies and sociology. It will also be useful to policymakers and government institutions working in the area.