Event Detail

Last year Secretary Clinton heralded the "America's Pacific Century" in which the U.S. would play a leading role to support stability and prosperity in the world's fastest growing region. Will Asia fulfill that potential? Will it continue to pull hundreds of millions of people from poverty into a large middle class? Can it continue to liberalize, undertake reforms and build institutions to ensure sustained growth? Or will growth stall, weighed down by corruption, inadequate infrastructure, poor education systems, and political instability? In August, 2011, the Asian Development Bank released the "Asia 2050: Realizing the Asian Century" study which examines crucial challenges that will determine whether the Asian century turns out to be myth or reality. Aimed at senior policy makers, and other important leaders, the report presents two scenarios of Asia's growth: the "Asian Century" and the "middle-income trap". One of Asia's foremost economic development experts, Mr Rajat M. Nag, Managing Director General of the Asian Development Bank, will discuss findings of the study. During Q&A, Mr. Nag would be able to field a range of questions on topics such as infrastructure financing, inequality, climate change, governance, etc. Mr. Nag will conclude with comments on the relationship between the three largest economies in Asia: China, Japan and India. Please join the Asia Business Committee in welcoming Mr. Rajat M. Nag, who plays a critical role in developing strategy, managing operations, and overseeing risk management for the ADB. Mr. Nag began his career at the Bank of Canada and held senior positions in a leading international consulting firm. He holds engineering degrees from the Indian Institute of Technology, Delhi and the University of Saskatchewan (Canada). He also obtained Masters degrees in Business Administration from the University of Saskatchewan and in Economics from The London School of Economics.