One of the most controversial issues of the water sector in recent years has been the impacts of large dams. Proponents have claimed that such structures are essential to meet the increasing water demands of the world and that their overall societal benefits far outweight the costs. In contrast, the opponents claim that social and environmental costs of large dams far exceed their benefits, and that the era of construction of large dams is over. A major reason as to why there is no consensus on the overall benefits of large dams is because objective, authoritative and comprehensive evaluations of their impacts, especially ten or more years after their construction, are conspicuous by their absence. This book debates impartially, comprehensively and objectively, the positive and negative impacts of large dams based on facts, figures and authoritative analyses. These in-depth case studies are expected to promote a healthy and balanced debate on the needs, impacts and relevance of large dams, with case studies from Africa, Asia, Australia, Europe and Latin America.
This book is a history of the Asian Development Bank (ADB), a multilateral development bank established 50 years ago to serve Asia and the Pacific. Focusing on the region’s economic development, the evolution of the international development agenda, and the story of ADB itself, this book raises several key questions: What are the outstanding features of regional development to which ADB had to respond? How has the bank grown and evolved in changing circumstances? How did ADB’s successive leaders promote reforms while preserving continuity with the efforts of their predecessors? ADB has played an important role in the transformation of Asia and the Pacific the past 50 years. As ADB continues to evolve and adapt to the region’s changing development landscape, the experiences highlighted in this book can provide valuable insight on how best to serve Asia and the Pacific in the future.
The growth model of the People's Republic of China has been based on high investments, exports, low-cost advantage, and government interventions. This model has successfully transformed the country from a low-income to an upper middle-income economy. However, the model has generated contradictions that could undermine future growth. Making the transition to high income requires greater reliance on efficiency and productivity improvement, innovation, and market competition. This book examines the challenges faced by the People's Republic of China in sustaining robust growth, and policy options for making a successful transition to a high-income economy to avoid getting caught in the middle-income trap.