Welcome to 13th Workshop of the Asian Economic Outlook

       In a rapidly changing regional and global economic environment, it is vital for the Asian Development Bank (ADB) to keep abreast of current development issues. It is important for ADB to take the lead in formulating appropriate responses to economic exigencies and effectively assist its developing

member countries (DMCs). ADB needs to have at its disposal up-to-date information as well as projections and forecasts for the medium term. One of the important lessons learned from the Asian economic crisis (1997-1998) is that availability of timely information will enable ADB to promote a better understanding of development trends and the evolving policy responses in the Asian and Pacific region. It is with this objective in view that the Asian Economic Outlook (AEO) workshop was conceptualized way back in 1989.

November 27-28, 2000 ADB, Manila, PHILIPPINES

      The AEO workshop is designed to contribute to the Asian Development Outlook (ADO), which is one of ADB's flagship publications; and to the ADB annual report. Produced annually, the ADO has become a valuable source of information on the recent economic performance and medium-term prospects of ADB's DMCs in the Asian and Pacific region as well as the global economy. The ADO theme chapters provide useful discussion of the different policy and development issues confronting the DMCs. ADO is distributed by the Oxford University Press annually, and about 3,000 copies are sold commercially in addition to the complimentary copies distributed by ADB.

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BACKGROUND AND RATIONALE

      To be able to identify and recommend relevant and useful policy measures to its DMCs, ADB must have adequate knowledge of the most recent developments in the DMCs as well as in the global economy. Likewise it is important to monitor and synthesize the findings of research institutions and multilateral organizations, and hold discussions on the relevant issues affecting the Asian and Pacific region. The technical assistance (TA) provides a forum for this meaningful exchange of ideas, as well as supports the preparation of country studies and special theme papers.

      The AEO updates the recent macroeconomic performance of DMCs as well as projects their medium-term prospects with all the relevant statistical indicators. Since ADB's annual report is prepared just after the AEO, relevant statistics and reports generated under this TA also support the regional highlights chapter of the annual report.

      The AEO contributes to ADB's visibility in the academic community, international research institutions, and among various multilateral organizations. It also assists the DMC policy makers in decision making. Likewise, it is an exercise for strengthening public relations. Internally, the AEO provides a venue for operations and research staff of ADB to exchange views and develop a common ADB-wide understanding of policy issues most relevant to the Asian and Pacific region as well as the global economy.