AEIR 2017

Subregional Launch of the Asian Economic Integration Report 2016 for Central Asia

"Sustaining Economic Development through Foreign Direct Investment"


As part of the dissemination activities for the Asian Economic Integration Report (AEIR) 2016, ADB has collaborated with the Institute of World Economics and Politics (IWEP) to have a subregional launch of the report in Almaty, Kazakhstan on 9 December 2016. Representatives from the AEIR 2016 team will present the key findings of the report, to be followed by comments from selected panelists from the academia, research institutes, private sector, or government agencies in Kazakhstan.

The AEIR is ADB’s annual report on Asia’s regional economic cooperation and integration (RCI), covering 48 regional members of the ADB and analyzing their regional as well as global economic linkages. It has two major chapters— (i) the progress in RCI, which provides updates and analysis on trade and investment integration, financial integration, movement of people, and subregional cooperation initiatives; and (ii) special theme chapter on RCI-related topics which could draw broad interest from policy makers and academia alike. The theme chapter of this year’s report features policy drivers and economic factors that help attract foreign direct investment (FDI) in Asia and the Pacific. FDI can take various forms depending on firms’ strategy: (i) investment in new assets (greenfield FDI); or (ii) mergers and acquisitions. Firms can also decide to enter the market to (i) avoid trade barriers and gain better access to local market (horizontal FDI); or (ii) lower the production costs by relocating different stages of production in the country with least cost (vertical FDI). Given that the beneficial impact of FDI is contingent on the type of FDI and the country context, it is important from a policy perspective to investigate how to attract the type of FDI most in line with the host economies’ development goals.



Event details

Date:

9 December 2016

Venue:

Conference Room Diamond 1, Rixos Hotel, Almaty, Republic of Kazakhstan

Contacts:

  • Pia Tenchavez
    Economic Research and Regional Cooperation Department
    Asian Development Bank
    Email: ptenchavez@adb.org

Download:

Official Program

Program and Agenda



10:00–10:30
Registration

10:30–10:40
Opening Remarks
Sultan Akimbekov Director, Institute of World Economy and Politics (IWEP)

Director of Kazakhstan’s Institute of World Economics and Politics, Mr. Akimbekov specializes in Eurasia’s political and social developments. He has been involved in the development of the country’s policies, as advisor to the President and as a head of preeminent research institutions. He has served as editor-in-chief of Kazakhstan’s leading analytical publications on geopolitics and security. Mr. Akimbekov holds Ph.D. in history and is the author of several books, including “History of Afghanistan”.

Bio

10:40–10:50
ADB in Kazakhstan and Central Asia: Overview
Giovanni Capannelli Country Director, Kazakhstan Resident Mission, ADB

Mr. Capannelli, an Italian national, is the Country Director of the Kazakhstan Resident Mission of the Asian Development Bank (ADB). Prior to this appointment, he was principal economist in ADB’s Central and West Asia Department and held various other positions in ADB and the ADB Institute. He holds a doctoral degree and a master’s degree in Economics from the School of Economics of Hitotsubashi University, Tokyo, and a bachelor’s degree in Economics from Bocconi University, Milan, Italy.

Bio

10:50–10:55
Group photo

10:55–11:10
Coffee break

11:10–11:30
Progress of Economic Integration in Asia and the Pacific
Jong Woo Kang Principal Economist, Economic Research and Regional Cooperation Department (ERCD), ADB

Dr. Jong Woo Kang is principal economist at the Economic Research and Cooperation Department of the Asian Development Bank. He is a seasoned economist with extensive knowledge and experiences on policy and strategic issues. He leads the publication of Asian Economic Integration Report. Areas of his research interest include regional integration, inclusive growth, macroeconomic and trade policies and aid effectiveness.

Bio

11:30–10:15
How to Promote Foreign Direct Investment as an Engine of Economic Development
Fahad Khan Economist, ERCD, ADB

Fahad Khan is an Economist in the Economic Research and Regional Cooperation Department of Asian Development Bank. He joined the Asian Development Bank after completing his PhD from Australian National University in 2015, and also holds a BA from Yale University, United States. He is also an honorary visiting research fellow at the Australian National University. His primary research fields are empirical political economy and economic development, and he has published in Economic Letters and PLOS Medicine.

Bio


11:50–12:50
Panel Discussion followed by Open Floor Discussion
Moderated by:
Giovanni Capannelli Country Director, Kazakhstan Resident Mission, ADB

Mr. Capannelli, an Italian national, is the Country Director of the Kazakhstan Resident Mission of the Asian Development Bank (ADB). Prior to this appointment, he was principal economist in ADB’s Central and West Asia Department and held various other positions in ADB and the ADB Institute. He holds a doctoral degree and a master’s degree in Economics from the School of Economics of Hitotsubashi University, Tokyo, and a bachelor’s degree in Economics from Bocconi University, Milan, Italy.

Bio

Panelists:
Aidarkhan Kussainov General Director, Almagest

Mr. Kussainov was Head of the Gas Industry Department, Ministry of Energy and Mineral Resources, and in the board of directors of several national companies. He holds an MSc in Physics (Moscow State University), MA in Economics (Kazakhstani Institute of Management, Economics and Forecasts), Petroleum Engineer (Atyrau Oil and Gas Institute).

Bio
Aidos Taibekuly Expert on Economic Research, IWEP

Mr. Taibekuly specializes in Kazakhstan’s economic development, tax policy, foreign investments’ impact. He authored several policy papers and published various articles and online commentaries: “The Financial Transactions Tax: International and Kazakhstan’s Experience”, “Kazakhstan’s trade with EAEC countries”, ‘Challenges Kazakhstan’s small and medium-sized enterprises face in financing their R&D” and other.

Bio
Askar Yelemessov Chairman of the Board of Directors, JSC SkyBridge Invest

Mr. Yelemessov has been in the financial industry since 1994, at various times serving as deputy CEO/Adviser to CEO for private banks. He served as a Deputy Governor of the National Bank of Kazakhstan, and as a Vice Minister of Finance. He has extensive experience as the Board of Directors member with a broad variety of Kazakh financial and public institutions. Mr. Yelemessov graduated from Moscow State University, Political Economy Department and attended Washington University in St. Louis, MO, where he has received his MBA degree.

Bio
Jong Woo Kang Principal Economist, Economic Research and Regional Cooperation Department (ERCD), ADB

Dr. Jong Woo Kang is principal economist at the Economic Research and Cooperation Department of the Asian Development Bank. He is a seasoned economist with extensive knowledge and experiences on policy and strategic issues. He leads the publication of Asian Economic Integration Report. Areas of his research interest include regional integration, inclusive growth, macroeconomic and trade policies and aid effectiveness.

Bio


01:00P.M.
Lunch