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Peter McCawley - Banking on the Future of Asia and the Pacific: 50 Years of the Asian Development Bank

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Peter McCawley Banking on the Future of Asia and the Pacific: 50 Years of the Asian Development Bank
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BANKING ON THE FUTURE OF ASIA AND THE PACIFIC 50 YEARS OF THE ASIAN - photo 1

BANKING ON THE FUTURE OF ASIA AND THE PACIFIC

50 YEARS OF THE ASIAN DEVELOPMENT BANK

Peter McCawley

2017 Asian Development Bank 6 ADB Avenue Mandaluyong City 1550 Metro - photo 2

2017 Asian Development Bank

6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

Tel +63 2 632 4444; Fax +63 2 636 2444

www.adb.org

All rights reserved. Published in 2017.

ISBN 978-92-9257-791-9 (Print), 978-92-9257-792-6 (e-ISBN)

Publication Stock No. TCS178707

DOI: http://dx.doi.org/10.22617/TCS178707

The views expressed in this publication are those of the authors 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 any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

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.

ADB encourages printing or copying information exclusively for personal, educational, and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ADB. Please contact if you have questions or comments with respect to content, or if you wish to obtain copyright permission.

Notes:

In this publication, $ refers to US dollars.

Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda

ADB recognizes its members by their official designations as indicated in https://www.adb.org/about/members . However, some variations to these designations may be found in this publication for reasons of historical accuracy.

On the front cover:

Early morning at the Central Thailand Solar Farm in Nakhon Pathom, Thailand; with 148,608 solar modules generating a total capacity of 28.5 megawatt-hours of electricity. Completed in December 2013, the project is consistent with ADBs country partnership strategy for Thailand (20072011) with its three core strategic areas: infrastructure, environmental sustainability, and capital markets. Photo by Gerhard Joren

ABOUT THE AUTHOR

Peter McCawley is an economist from the Arndt-Corden Department of Economics at the Australian National University (ANU) in Canberra, who has worked on development issues in Asia and the Pacific for many years.

He has a PhD in economics (1972) from the ANU. He later taught at Gadjah Mada University in Yogyakarta in the early 1970s before becoming head, Indonesia Project, at the ANU. In 1986, he joined Australian Aid as a Deputy Director General.

Much of his work in Asia has been with the Asian Development Bank ADB - photo 3

Much of his work in Asia has been with the Asian Development Bank (ADB). Between 1992 and 1996, he was a member of the ADB Board of Directors. Later, in 20032007, he became Dean of the ADB Institute in Tokyo.

He was also Co-chair and Chair of Asian Development Fund negotiations between 1999 and 2008.

He has numerous publications about development issues in Asia and the Pacific.

CONTENTS

About the Author

Foreword

Preface

Contributors

Abbreviations

ADB Regional and Nonregional Members

ADB Time Line

Chapter 1Introduction

A Multilateral Agency

A Development Organization

A Financing Institution

The Leadership Succession

The Challenge of Development

Chapter 2Asia in the 1960s: Ferment and Transformation

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