Asian Development Bank
Hyderabad, India, the capital city of the state of Andhra Pradesh, has a population of more than 5 million people. Nicknamed “Cyberabad,” the city has developed into one of the world’s major hubs for information technology, biotechnology, and pharmaceutical production. Hyderabad has aggressively promoted its skilled labor force and cheap investment opportunities. In fact, the city inaugurated a township known as HITEC City in 1998 in order to attract international IT firms. Today, HITEC hosts offices from an array of national and international IT companies, including Oracle Corporation, General Electric, and Microsoft. Rapidly rising populations have dramatically increased demand for forest products. While more of Asia’s forests have come under environmental protection, lenient legislation and enforcement has allowed illegal logging and timber smuggling to flourish. This is especially true in Southeast Asia, where high-value species are found. As a result, Asian countries have some ...