Asian think tanks must maintain communication channels with policymakers to maximize the impact of their researches on policy development for the region's sustainable growth, Asian Development Bank President Takehiko Nakao said Friday.
Speaking at a meeting in Tokyo of around 40 think tanks from Asia and other regions, Nakao said Asian countries need to tackle many challenges such as rising inequality and environmental sustainability, amid the region's expected high economic growth led by domestic demand.
"Think tanks have an important role to play in supporting policy development and the dissemination of ideas," he said. "Even with strong research outputs, the development impact of think tanks will be small unless those outputs are understood and adopted by policymakers."
The two-day Asia Think Tank Summit through Friday, which included discussions on such organizations' roles in the region's economic growth, was organized by the Asian Development Bank Institute and the Think Tanks and Civil Societies Program at the University of Pennsylvania.