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Asian Development Bank - Toward Optimal Provision of Regional Public Goods in Asia and the Pacific: Conference Highlights

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Asian Development Bank Toward Optimal Provision of Regional Public Goods in Asia and the Pacific: Conference Highlights
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TOWARD OPTIMAL PROVISION OF REGIONAL PUBLIC GOODS IN ASIA AND THE PACIFIC
CONFERENCE HIGHLIGHTS
1011 May 2018 Tokyo, Japan
OCTOBER 2018
Toward Optimal Provision of Regional Public Goods in Asia and the Pacific Conference Highlights - image 1
Toward Optimal Provision of Regional Public Goods in Asia and the Pacific Conference Highlights - image 2Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)
2018 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
Some rights reserved. Published in 2018.
ISBN 978-92-9261-356-3 (print), 978-92-9261-357-0 (electronic)
Publication Stock No. TCS189599-2
DOI: http://dx.doi.org/10.22617/TCS189599-2
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.
This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.
This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.
Please contact if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.
Notes:
In this publication, $ refers to United States dollars.
Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda.
Contents
Message from the Asian Development Bank
Message from the Asian Development Bank Institute
DAY 1
OPENING SESSION
SESSION 1: Issues and Challenges in the Provision of Regional Public Goods (Policy Panel 1)
SESSION 2: Concept, Theory, and Framework of Regional Public Goods
SESSION 3: Benefits of Regional Public Goods: Sectoral Approaches with Evidence and ImplicationsInfrastructure, Technology, and Health
DAY 2
KEYNOTE PRESENTATION: Regional Public Goods and Their Technologies of Aggregation
SESSION 4: Developing Countries Perspectives on Regional Public Good Provision: Sectors and Mechanisms (Policy Panel 2)
SESSION 5: Case Studies and Lessons from International Experience in Regional Public Good Provision: Europe and Latin America
SESSION 61: Regional Mechanisms and the Role of Multilateral Development Banks in Provision of Regional Public Goods
SESSION 62: Regional Mechanisms and the Role of Multilateral Development Banks in Provision of Regional Public Goods (Policy Panel 3)
Message from the Asian Development Bank
On behalf of the Asian Development Bank (ADB), I would like to convey my sincere appreciation to the participants and distinguished speakers who have taken part in this timely conference, Toward Optimal Provision of Regional Public Goods in Asia and the Pacific. I am delighted that the conference has been organized by ADBs Economic Research and Regional Cooperation Department with the Asian Development Bank Institute.
Asias economic growth remains strong poverty is declining and the regions - photo 3
Asias economic growth remains strong, poverty is declining, and the regions share in global gross domestic product has risen, making it a key engine of global growth. Yet, this significant development progress is occurring in a complex landscape of changes through which challenges persist. For example, rapid technological progress offers great opportunities, but also appears to pose unwanted issues in the region such as growing pressures from climate change and environmental degradation. Discontent with globalization is complicating trade relationships immensely and geopolitical tensions among major economies are moving center stage. And Asias financial interconnectedness brings with it high risk of contagion and spillover across financial markets.
Provision of sufficient regional public goods can help Asia meet its increasingly complex development challenges. Most of all, regional public goods can help meet the Sustainable Development Goals. Efficient regional infrastructure and trade facilitation promote freer movement of people and goods by bringing down transportation and trade costs. Cross-border trading in energy improves access to sustainable energy. Regional financial agreements such as the Chiang Mai Initiative Multilateralization boost regional financial stability.
As such, Asias policy makers are tasked with developing new ways to cooperate on regional policy to deal with complex and cross-border challenges, ones that can complement national and global public goods. As demand grows for regional public goods, their inadequate provision is a looming concern. Despite the benefits of regional public goods for sustainable and inclusive growth, studies are lacking on the needed conceptual frameworks, empirical approaches, and provision mechanisms. We are particularly interested in the role of multilateral regional banks in the provision of regional public goods in Asia and the Pacific.
I believe that this conference has indeed provided an avenue to advance these areas. Once again, I am grateful to all our speakers and presenters for their experiences and ideas shared during the conference.
Bambang Susantono Vice-President for Knowledge Management and Sustainable - photo 4
Bambang Susantono
Vice-President for Knowledge Management and Sustainable Development
Asian Development Bank
Message from the Asian Development Bank Institute
On behalf of the Asian Development Bank Institute, I would like to express my gratitude to all participants, speakers, and guests of this conference. It was a great pleasure to organize it together with the Asian Development Bank and assemble many eminent professionals from academia, government, and regional institutions to discuss the increasingly important topic of regional public goods.
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