Development

Emerging and developing markets are competing to attract outside investment and playing an even greater role in the global economy.

150 Items, Page 16 of 30

Asia’s Mega-Infrastructure and Its Impact on Human Rights

Asia’s Mega-Infrastructure and Its Impact on Human Rights

A new report by the Office of the UN High Commissioner for Human Rights (OHCHR) leverages data from the Reconnecting Asia project to explore the potential human impacts of mega-infrastructure. With Asia’s infrastructure needs estimated to exceed $26 trillion through 2030, the region is racing to fill the gap with massive connectivity plans, sometimes involving multiple mega-projects across vast areas. But have regional players fully considered the potential challenges that these projects pose for upholding human rights? This OHCHR report explores that important question and its implications for policymakers around the globe.

AIIB

Questions Remain for Evolving AIIB

After the Asian Infrastructure Investment Bank (AIIB) was first proposed by Chinese President Xi Jinping in 2013, a number of observers, including within Japan and the United States, questioned its underlying motivations. The intensity with which the bank was both attacked and defended in the period before it opened its doors has thrown a spotlight on debates that existed long before Xi’s 2013 announcement. Chief among them are fundamental questions about who should dictate the rules of global governance and what role multilateral development banks (MDBs) should play in carrying them out. The AIIB concluded its second annual meeting in Jeju Island, South Korea on June 16, yet many of those questions remain open.