A Resurgent East Asia : Navigating a Changing World
East Asia has been a paragon of global development success. The dramatic transformation of the region over the past half century—with a succession of countries having progressed from low-income to middle-income and even to high-income status—has been built on what has come to be known as the “East A...
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Washington, DC: World Bank
2018
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| Online Access: | http://hdl.handle.net/10986/30858 |
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okr-10986-308582021-04-23T14:04:59Z A Resurgent East Asia : Navigating a Changing World Mason, Andrew D. Shetty, Sudhir GROWTH DRIVERS ECONOMIC GROWTH HUMAN CAPITAL GOVERNANCE DEVELOPMENT MODELS EMERGING MARKET ECONOMIES TECHNOLOGY CHANGE TRADE EMPLOYMENT SERVICES SECTOR ACCOUNTABILITY SOCIAL INCLUSION PRODUCTIVITY GROWTH INCLUSIVE GROWTH INEQUALITY SHARED PROSPERITY East Asia has been a paragon of global development success. The dramatic transformation of the region over the past half century—with a succession of countries having progressed from low-income to middle-income and even to high-income status—has been built on what has come to be known as the “East Asian development model.” A combination of policies that fostered outward-oriented, labor-intensive growth while strengthening basic human capital and providing sound economic governance has been instrumental in moving hundreds of millions of people out of poverty and into economic security. Yet East Asia’s economic resurgence remains incomplete. More than 90 percent of its people now live in 10 middle-income countries, many of which can realistically aspire to high-income status in the next generation or two. But these countries are still much less affluent and productive than their high-income counterparts. Even as the region’s middle-income countries attempt to move up to high-income status, they confront a rapidly changing global and regional economic environment. Slowing growth in global trade and shifts in its patterns, rapid technological change, and evolving country circumstances all present challenges to sustaining productivity growth, fostering inclusion, and enhancing state effectiveness. A Resurgent East Asia: Navigating a Changing World is about how policy makers across developing East Asia will need to adapt their development model to effectively address these challenges in the coming decade and sustain the region’s remarkable development performance. 2018-11-13T19:59:08Z 2018-11-13T19:59:08Z 2019 Book 978-1-4648-1333-7 http://hdl.handle.net/10986/30858 English World Bank East Asia and Pacific Regional Report; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication East Asia and Pacific East Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
GROWTH DRIVERS ECONOMIC GROWTH HUMAN CAPITAL GOVERNANCE DEVELOPMENT MODELS EMERGING MARKET ECONOMIES TECHNOLOGY CHANGE TRADE EMPLOYMENT SERVICES SECTOR ACCOUNTABILITY SOCIAL INCLUSION PRODUCTIVITY GROWTH INCLUSIVE GROWTH INEQUALITY SHARED PROSPERITY |
| spellingShingle |
GROWTH DRIVERS ECONOMIC GROWTH HUMAN CAPITAL GOVERNANCE DEVELOPMENT MODELS EMERGING MARKET ECONOMIES TECHNOLOGY CHANGE TRADE EMPLOYMENT SERVICES SECTOR ACCOUNTABILITY SOCIAL INCLUSION PRODUCTIVITY GROWTH INCLUSIVE GROWTH INEQUALITY SHARED PROSPERITY Mason, Andrew D. Shetty, Sudhir A Resurgent East Asia : Navigating a Changing World |
| geographic_facet |
East Asia and Pacific East Asia |
| relation |
World Bank East Asia and Pacific Regional Report; |
| description |
East Asia has been a paragon of global development success. The dramatic transformation of the region over the past half century—with a succession of countries having progressed from low-income to middle-income and even to high-income status—has been built on what has come to be known as the “East Asian development model.” A combination of policies that fostered outward-oriented, labor-intensive growth while strengthening basic human capital and providing sound economic governance has been instrumental in moving hundreds of millions of people out of poverty and into economic security. Yet East Asia’s economic resurgence remains incomplete. More than 90 percent of its people now live in 10 middle-income countries, many of which can realistically aspire to high-income status in the next generation or two. But these countries are still much less affluent and productive than their high-income counterparts. Even as the region’s middle-income countries attempt to move up to high-income status, they confront a rapidly changing global and regional economic environment. Slowing growth in global trade and shifts in its patterns, rapid technological change, and evolving country circumstances all present challenges to sustaining productivity growth, fostering inclusion, and enhancing state effectiveness. A Resurgent East Asia: Navigating a Changing World is about how policy makers across developing East Asia will need to adapt their development model to effectively address these challenges in the coming decade and sustain the region’s remarkable development performance. |
| format |
Book |
| author |
Mason, Andrew D. Shetty, Sudhir |
| author_facet |
Mason, Andrew D. Shetty, Sudhir |
| author_sort |
Mason, Andrew D. |
| title |
A Resurgent East Asia : Navigating a Changing World |
| title_short |
A Resurgent East Asia : Navigating a Changing World |
| title_full |
A Resurgent East Asia : Navigating a Changing World |
| title_fullStr |
A Resurgent East Asia : Navigating a Changing World |
| title_full_unstemmed |
A Resurgent East Asia : Navigating a Changing World |
| title_sort |
resurgent east asia : navigating a changing world |
| publisher |
Washington, DC: World Bank |
| publishDate |
2018 |
| url |
http://hdl.handle.net/10986/30858 |
| _version_ |
1764473029979537408 |