Long overshadowed by its big sisters, the World Bank and the International Monetary Fund, the Manila-based Asian Development Bank has recently taken up one of the great issues confronting the world economy and more specifically, Asia -- forthrightly, and with punch.
In a special study in its recent Asian Development Outlook 2016, the ADB examines the biggest, most puzzling question facing the entire Asian region, one with formidable consequences for the rest of the world: Why has Asian growth slowed, and how long will the slowdown last?