Redefining Regional Development: The Case for an ASEAN Development Bank
Amidst ASEAN's vibrant economic expansion lies an urgent need for a specialized financial institution—an ASEAN Development Bank (ASDB)—to harness and guide this growth. The region's dynamic diversity in development stages presents a unique opportunity for the ASDB to act as the catalyst fo...
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| Format: | Article |
| Language: | English |
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Program Studi Ilmu Politik, FISIP, Universitas Bangka Belitung
2024-07-01
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| Series: | Journal of Political Issues |
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| Online Access: | https://jpi.ubb.ac.id/index.php/JPI/article/view/160 |
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| author | Brice Tseen Fu Lee Juan Pablo Sims |
| author_facet | Brice Tseen Fu Lee Juan Pablo Sims |
| author_sort | Brice Tseen Fu Lee |
| collection | DOAJ |
| description | Amidst ASEAN's vibrant economic expansion lies an urgent need for a specialized financial institution—an ASEAN Development Bank (ASDB)—to harness and guide this growth. The region's dynamic diversity in development stages presents a unique opportunity for the ASDB to act as the catalyst for economic resilience and regional integration. This urgency is underscored by the potential for the ASDB to provide targeted financial strategies, directly addressing the specific challenges faced by member states. A robust and equitable governance structure will be crucial for the ASDB to facilitate strategic decision-making and sustainable development. The establishment of the ASDB is not just timely but imperative to ensure that ASEAN's economic growth is balanced, inclusive, and sustainable, positioning the region as an integrated, resilient economic powerhouse on the global stage. |
| format | Article |
| id | doaj-art-aa859096492b4fa38d89ea5e3596824d |
| institution | Kabale University |
| issn | 2685-7766 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Program Studi Ilmu Politik, FISIP, Universitas Bangka Belitung |
| record_format | Article |
| series | Journal of Political Issues |
| spelling | doaj-art-aa859096492b4fa38d89ea5e3596824d2025-01-13T07:16:29ZengProgram Studi Ilmu Politik, FISIP, Universitas Bangka BelitungJournal of Political Issues2685-77662024-07-016111910.33019/jpi.v6i1.160160Redefining Regional Development: The Case for an ASEAN Development BankBrice Tseen Fu Lee0Juan Pablo Sims1Fudan UniversityUniversidad Del DesarrolloAmidst ASEAN's vibrant economic expansion lies an urgent need for a specialized financial institution—an ASEAN Development Bank (ASDB)—to harness and guide this growth. The region's dynamic diversity in development stages presents a unique opportunity for the ASDB to act as the catalyst for economic resilience and regional integration. This urgency is underscored by the potential for the ASDB to provide targeted financial strategies, directly addressing the specific challenges faced by member states. A robust and equitable governance structure will be crucial for the ASDB to facilitate strategic decision-making and sustainable development. The establishment of the ASDB is not just timely but imperative to ensure that ASEAN's economic growth is balanced, inclusive, and sustainable, positioning the region as an integrated, resilient economic powerhouse on the global stage.https://jpi.ubb.ac.id/index.php/JPI/article/view/160aseandevelopment bankforeign direct investmentgovernanceregional integration |
| spellingShingle | Brice Tseen Fu Lee Juan Pablo Sims Redefining Regional Development: The Case for an ASEAN Development Bank Journal of Political Issues asean development bank foreign direct investment governance regional integration |
| title | Redefining Regional Development: The Case for an ASEAN Development Bank |
| title_full | Redefining Regional Development: The Case for an ASEAN Development Bank |
| title_fullStr | Redefining Regional Development: The Case for an ASEAN Development Bank |
| title_full_unstemmed | Redefining Regional Development: The Case for an ASEAN Development Bank |
| title_short | Redefining Regional Development: The Case for an ASEAN Development Bank |
| title_sort | redefining regional development the case for an asean development bank |
| topic | asean development bank foreign direct investment governance regional integration |
| url | https://jpi.ubb.ac.id/index.php/JPI/article/view/160 |
| work_keys_str_mv | AT bricetseenfulee redefiningregionaldevelopmentthecaseforanaseandevelopmentbank AT juanpablosims redefiningregionaldevelopmentthecaseforanaseandevelopmentbank |