Bài dịch "ASIAN DEVELOPMENT BANK" Phạm Đình Toàn

ASIAN DEVELOPMENT BANK
On September 14th, Asian Development Bank (ADB) published the report “Asian

Development Outlook 2001” clearly stating that Asia continues to be one of the

areas with the word fastest growth in 2001; however, the growth rate of this area

has dropped lightly compared with that of 2000 and it will rebound gradually in

2002.

According to this report, ADB predicts the average GDP growth of the developing

Asian countries will be 5.3% in 2001 compared to 7.1% in 2000, and they will

increase to 6.1% in 2002. The report indicates one of the reasons for the reduction

of the growth is the lower demand of the Asian countries and the slowdown of the

US economy, where export of the Asia account for 25%, and the unstable rebound

of Japanese economy.

Particularly in the electronic field, while Asia occupies 40% of global market

share, the US consumes about a half of the word production volume. Due to

the negative influence of the US economy, the export of the Asian region only

increased by 8.3% in 2001 compared to 20.5% in 2000.

The Southeast Asia economy will grow by 4% compared to 5.1% last year, with

Indonesia 4.2% in comparison with 4.8%, Malaysia 4.9 % compared with 8.5%,

The Philippines 3.1% compared 3.9% respectively... These countries used to be in

a serious crisis during the years 97/98 but they have rebounded for two years by

restructuring the businesses and financial sector. However, now privacy bad debt

ratio is quite large, so post-crisis recovery and growth process is strongly affected

by external factors.

The trade expansion and the information technology revolution will create a good

opportunity for Asian economic development, according to the ADB. In order to

deal with challenges from globalization, Asian economies should promote trade,

stimulate to increase domestic demand and to seek for new markets, develop

human resources, and solve social problems.