and Resource Development Center, Asian Development Bank. The authors wish to thank David Edwards, former Assistant Chief Economist, EDEV, who provided overall guidance and support. Nigel Rayner, Tumurdavaa Bayarsaihan, and Vo Van Cuong contributed to Appendix 1. Section II.B benefited from a report by George Abonyi. The paper also benefited from helpful comments by Charles Adams, Christopher Edmonds, Eunkyung Kwon, Gustav Papanek, and John Weiss. Anneli Lagman and Virginita Capulong assisted with the literature search and compilation of supporting documents. Regina Sibal assisted with report presentation. The views and opinions expressed in the paper are those of the authors and not of ADB
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