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Kuroda’s Dilemma

The ASIAN DEVELOPMENT BANK (ADB) President Haruhiko Kuroda wants regional integration but the Bank’s big owners would not let him have his way.

Kuroda envisions an Asia-Pacific region much like the European Union and wants the ADB to move in this direction. “Regional cooperation and integration is an idea whose time has come,” Kuroda insisted. “Imagine an Asia-wide economic community, a community of nations where borders are fully open to trade and investment and that offers competitive, complementary markets for the benefit of all its members as well as the rest of the world. If we can envision this, I know we can achieve it.”

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