Download or read book At Your Service written by Gaurav Nayyar and published by World Bank Publications. This book was released on 2021-10-18 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manufacturing-led development has provided the traditional model for creating jobs and prosperity. But in the past three decades the conventional pattern of structural transformation has changed, with the services sector growing faster than the manufacturing sector. This raises critical questions about the ability of developing economies to close productivity gaps with advanced economies and to create good jobs for more people. At Your Service? The Promise of Services-Led Development (www.worldbank.org/services-led-development) assesses the scope of a services-driven development model and policy directions that can maximize the model’s potential.
Download or read book Asian Development Outlook 2020 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-04-01 with total page 737 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a disappointing 2019, growth prospects in developing Asia have worsened under the impact of the current health crisis. Signs of incipient recovery near the turn of this year were quickly overthrown as COVID-19 broke out in January 2020 in the region’s largest economy and subsequently expanded into a global pandemic. Disruption to regional and global supply chains, trade, and tourism, and the continued spread of the outbreak, leave the region reeling under massive economic shocks and financial turmoil. Across Asia, the authorities are responding with policies to contain the outbreak, facilitate medical interventions, and support vulnerable businesses and households. Assuming that the outbreak is contained this year, growth is expected to recover in 2021. Especially to face down fundamental threats such as the current medical emergency, innovation is critical to growth and development. As some economies in developing Asia challenge the innovation frontier, many others lag. More and better innovation is needed in the region to sustain growth that is more inclusive and environmentally sustainable. Five key drivers of innovation are sound education, productive entrepreneurship, high-quality institutions, efficient financial systems, and dynamic cities that excite knowledge exchange. The journey to creating an innovative society takes long-term commitment and hard work.
Download or read book The Innovation Imperative for Developing East Asia written by Xavier Cirera and published by World Bank Publications. This book was released on 2021-05-07 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a half century of transformative economic progress that moved hundreds of millions of people out of poverty, countries in developing East Asia are facing an array of challenges to their future development. Slowed productivity growth, increased fragility of the global trading system, and rapid changes in technology are all threatening export-oriented, labor-intensive manufacturing—the region’s engine of growth. Significant global challenges—such as climate change and the COVID-19 pandemic—are exacerbating economic vulnerability. These developments raise questions about whether the region’s past model of development can continue to deliver rapid growth and poverty reduction. Against this background, The Innovation Imperative in Developing East Asia aims to deepen understanding of the role of innovation in future development. The report examines the state of innovation in the region and analyzes the main constraints that firms and countries face to innovating. It assesses current policies and institutions, and lays out an agenda for action to spur more innovation-led growth. A key finding of the report is that countries’ current innovation policies are not aligned with their capabilities and needs. Policies need to strengthen the capacity of firms to innovate and support technological diffusion rather than just invention. Policy makers also need to eliminate policy biases against innovation in services, a sector that is growing in economic importance. Moreover, countries need to strengthen key complementary factors for innovation, including firms’ managerial quality, workers’ skills, and finance for innovation. Countries in developing East Asia would also do well to deepen their tradition of international openness, which could foster openness in other parts of the world. Doing so would help sustain the flows of ideas, trade, investment, and people that facilitate the creation and diffusion of knowledge for innovation.
Download or read book China written by Ross Garnaut and published by ANU E Press. This book was released on 2012-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development.
Download or read book Asian Development written by William E. James and published by Univ of Wisconsin Press. This book was released on 1989 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the world's attention has been focused on the spectacular economic success of Japan and Korea, the less developed countries of Asia have often been neglected. Asian Development closes the gap. In nontechnical style and with minimal mathematics, it presents an in-depth perspective on the economic development of fourteen countries in East, Southeast, and South Asia. Asian Development is mainly a story of success. Though some problems remain, Asian countries have shown remarkable resilience in responding to sharp changes in the international economy--oil shocks, world recession and inflation, exchange-rate and interest-rate fluctuations, and rapid technological change. The authors conclude that their ability to adjust to changing external conditions is closely related to intelligent governmental policies. Looking back they comment: "In the past, growth of the United States and Japan pulled up the growth rates of the smaller economies in the region." Looking forward, they predict: "In the future, increasingly it will be the growth of the Asian developing countries that acts as a catalyst to growth in the more advanced economies."
Download or read book Avoiding the Middle Income Trap in Asia written by Naoyuki Yoshino and published by Asian Development Bank. This book was released on 2017-12-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the factors that hinder or support the transition. This book defines the middle-income trap and examines the roles of manufacturing, finance, and trade openness in achieving sustainable development. The book also explores the role of government policy in fostering growth in the People's Republic of China. A common theme is that such policies may have unforeseen side effects that undermine their effectiveness, including how the hukou registration system and land-use policy control the pace of urbanization.
Download or read book Leveraging Services for Development written by Matthias Helble and published by Brookings Institution Press. This book was released on 2019-10-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The services economy is on the rise all around the world, and services now comprise the largest share of economic activity and employment in almost every country. This book presents the latest evidence demonstrating how technologies and globalization have transformed the services industry. Services are becoming increasingly tradable under World Trade Organization rules and regional trade agreements, and some services subsectors are also seeing rates of productivity growth comparable to that in manufacturing. At the same time, services are increasingly contributing to manufacturing success, and countries’ overall economic competitiveness now hinges crucially on the availability of high-quality and affordable services inputs. Furthermore, a well-functioning services sector can accelerate human development through better access to basic needs, such as education, energy, finance, health, water, and sanitation. Services can also be a source of good jobs with fewer negative environmental and social externalities. Overall, the ongoing structural transformation toward a services economy is a unique opportunity to achieve long-term income growth, which in turn promotes sustainable development. This book offers suggestions on how to achieve this, and is thus an indispensable read for researchers and policy makers alike.
Download or read book Beyond Factory Asia written by Thiam Hee Ng and published by . This book was released on 2013 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Asia's phenomenal growth over the past few decades has been driven by the rise of Factory Asia. However, the global financial crisis and uncertain growth prospects in the United States and the eurozone have dampened demand for Asian exports. At the same time, rising wages threaten to erode the cost advantage that the region once had, managing supply chains has become more complex, and new technologies are transforming manufacturing. How can regional economies move beyond Factory Asia? What strategies can Asian economies pursue to meet these challenges? This monograph will examine a range of policy, institutional, legal, and regulatory issues relating to reforms that will drive Asia's economic and social transformation in its quest for a new Factory Asia model."--Description.
Download or read book Asian Development Outlook 2012 Update written by Asian Development Bank and published by Asian Development Bank. This book was released on 2012-10-01 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to the findings in the Asian Development Outlook 2012 Update, dimming global growth prospects and soft domestic demand in the region’s two largest economies are slowing the pace of developing Asia’s expansion. Growth is now expected to slide from 7.2% in 2011 to 6.1% in 2012, with a bounce back to 6.7% in 2013. The possibility of a shock emanating from the unresolved euro area sovereign debt crisis or a sharp fiscal contraction in the United States pose the biggest downside risks to the economy. Fortunately, most developing Asian economies have room to counteract such shocks with fiscal and monetary policy. However, there is currently no regionwide need for countercyclical policy intervention.
Download or read book Asian Development Outlook 2016 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2016-03-01 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: The annual Asian Development Outlook analyzes economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Global headwinds notwithstanding, developing Asia will continue to contribute 60% of world growth. Modest recovery in Southeast Asia and sustained growth in India will partly offset continued moderation in the People's Republic of China and associated spillover into neighboring economies. Risks to the growth outlook tilt to the downside: future US interest rate hikes that may intensify global financial volatility, a sharper-than-forecast growth slowdown in the People's Republic of China that would hurt regional exports and growth, emerging producer price deflation that may undermine growth in some economies, tepid prices for oil and other commodities, and El Niño. This edition highlights the need to invigorate developing Asia's potential growth, whose decline since its 2007 peak explains much of the region's growth slowdown since the global financial crisis. To ensure a healthy future for potential growth, Asia must employ the full range of policy responses to augment labor supply, improve labor productivity, enhance institutional quality, and maintain macroeconomic stability.
Download or read book Connecting Asia written by Michael G. Plummer and published by Edward Elgar Publishing. This book was released on 2016-01-29 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses how closer regional connectivity and economic integration between South Asia and Southeast Asia can benefit both regions. With a focus on the role played by infrastructure and public policies in facilitating this process, it provides a detailed and up-to-date discussion of issues, innovations, and progress. Country studies of national connectivity issues and policies cover Bangladesh, India, Myanmar, Nepal, Sri Lanka, and Thailand, examining major developments in trade and investment, economic cooperation, the role of economic corridors, and regional cooperation initiatives. Thematic chapters explore investment in land and sea transport infrastructure, trade facilitation, infrastructure investment financing, supporting national and regional policies, and model-based estimates of the benefits of integration. They also identify significant opportunities for strengthening these integration efforts as a result of the recent opening up of Myanmar in political, economic, and financial terms. For the first time for these regions, the book employs a state-of-the-art computable general equilibrium (CGE) model incorporating heterogeneous firms to estimate the advantages of integration. Providing perspective on the latest thinking on integration policy, Connecting Asiais an essential resource for academics, policymakers, and business people alike. Contributors: A. Bayley, T. Chalermpalanupap, K. Cheewatrakoolpong, S. Chirathivat, M.I. Chowdhury, M.I. Corpuz, P. De, H. Florento, J.-F. Gautrin, F. Hutchinson, B. Karmacharya, R. Mishra, K.G. Moazzem, P.J. Morgan, N. Perera, M.G. Plummer, M. Rahman, P.B. Rana, S. Ray, F. Sehrin, T.M.M. Than, M. Thuzar, D. Weerakoon, D. Wignall, M. Wignall, G. Wignaraja, F. Zhai
Download or read book The Elgar Companion to the Asian Development Bank written by M. G. Quibria and published by Edward Elgar Publishing. This book was released on 2024-02-12 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing an authoritative yet accessible introduction to the Asian Development Bank (ADB), this comprehensive Companion offers a detailed examination of the ADB’s objectives, policies, development outcomes, strengths and weaknesses, areas for reform, and challenges going forward.
Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
Download or read book Developing Countries and Preferential Services Trade written by Charlotte Sieber-Gasser and published by Cambridge University Press. This book was released on 2016-07-21 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: A discussion of the flexibility in WTO law for developing countries and how it can be used to their economic advantage.
Download or read book Structural Transformation and Economic Development written by Banji Oyelaran-Oyeyinka and published by Routledge. This book was released on 2016-09-13 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines long-term structural changes and the broad impact on economic development in regional comparative perspectives. The book analyzes data across Africa, Asia and Latin America. It looks at key variables of productivity growth, industrialization, poverty, urbanization, and employment. This book is concerned with understanding structural change dynamics and how it affects job creation, living standards, and the efficiency of productive cities through manufacturing productivity growth that benefits majority of citizens. With empirical evidence from a selected number of developing countries including China, India, Brazil, Nigeria and South Africa, the book attempts to present the considerable structural changes of these countries over the last few decades. It highlights that growth without the expected job creation is one of the distinct features of growth in emerging and developing countries. It suggests that countries may well record economic growth, whether through within sector productivity increase or through structural change, but this may not necessarily lead to employment, an important concern for long-term development.
Download or read book Asian Inward and Outward FDI written by C. Alvstam and published by Springer. This book was released on 2015-12-25 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asian Inward and Outward FDI brings together both works from researchers in international business and economic geography. The book is aimed for both scholars with interest in macro and micro economic impact of new flows of FDI.
Download or read book Accelerating Growth and Job Creation in South Asia written by Ejaz Ghani and published by Oxford University Press, USA. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses issues affecting growth and employment in South Asia. It looks at the policies and institutions that could propel the region towards higher growth.
