Centuries of strife and poverty have made enmity a habit and cooperation a rarity in Asia. Last week the Asians took a giant stride away from the old ways and toward a spirit of mutual help. Meeting in Manila, 160 delegates from 26 nations (18 of them Asian) put the finishing touches on the long-needed Asian Development Bank launched in October in Bangkok. After intense but polite lobbying on all sides to win a nod for the location of the new bank's headquarters, the Asian delegates unexpectedly settled on Manila.
Historic Moment. The bank is not only Asia's first common...
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