Freeman Spogli Institute for International Studies Walter H. Shorenstein Asia-Pacific Research Center Stanford University

Windmills on the horizon of the India's Thar Desert, Rajasthan. There are a growing number of sustainable energy projects across Asia.
Photo Credit: Flickr user abrinsky

Asia's Challenges: Ensuring Inclusive and Green Growth  

Date and Time
November 30, 2012
12:00 PM - 1:30 PM

Open to the public
RSVP required by 5PM November 28

Rajat M. Nag - Managing Director General at Asian Development Bank

Much has been made of the Asian success story. The region is a key driver of the global economy, and the lives of millions of its people have been transformed in ways unimaginable decades ago.

It is ironic, however, that the factors that have driven Asia's rapid growth—technology, globalization, and market-oriented reforms—are the same factors driving inequality. Asia remains home to the world's largest concentration of poor. Millions of people do not have access even to basic services, and weak governance is a serious concern. 

Rising inequality is not the only challenge facing Asian countries. There is also the looming threat of environmental degradation. For decades the region has taken the approach of “grow now, clean up later,” wreaking havoc on the environment and putting lives and livelihoods at serious risk.

If Asia is to achieve sustainable growth, it must pursue both inclusive growth and green growth. These should not be separate processes, but rather simultaneous processes that focus on the quality of growth rather than quantity of growth.

Rajat M. Nag, managing director general of the Asian Development Bank, will speak on why and how Asia should boldly confront the twin challenges of inclusive and green growth so that its people, and the rest of the world, will continue to benefit from its successful growth story.  

About the Speaker

Rajat M. Nag is the managing director general of the Asian Development Bank (ADB). With broad experience across Asia, Mr. Nag plays a critical role in providing strategic and operational direction to ADB. He also oversees the risk management operations of ADB.

Mr. Nag’s work has given him wide-ranging insight into several issues and challenges relevant to Asia, including infrastructure financing, public-private partnerships, and regional economic integration. His particular interest is in working to enhance regional cooperation and integration in Asia, and to bridge the gap between the region’s thriving economies and the millions of poverty-stricken people being left behind. Read more.

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