East Asia’s remarkably successful development model – a combination of outward-oriented growth, human capital development, and sound economic governance – needs to be adjusted to effectively address emerging external and internal challenges. A new report by the World Bank, A Resurgent East Asia, Navigating a Changing World argues that the tremendous progress seen in the region is not guaranteed in the future. The development model that spurred the so-called East Asian Miracle will have to adapt to changing technologies, slowing trade growth, and changing country circumstances, if progress is to be sustained. The report examines the nature of these challenges and delineates how policy makers across developing East Asia can address them in the coming decade. It identifies a combination of both new and familiar policy priorities in five key areas: Promoting economic competitiveness; Building skills; Fostering inclusion; Strengthening state institutions; and Financing the transition to high-income status.
At this seminar, co-authors the new report, Sudhir Shetty, World Bank’s Chief Economist for East Asia and the Pacific Region, and Andre Mason, Lead Economist for East Asia and the Pacific Region, will present the main points. Simultaneous interpretation (English and Japanese) will be provided.
Special Representative, Japan, World Bank Group
Chief Economist for East Asia and the Pacific Region, World Bank
Lead Economist for East Asia and the Pacific Region, World Bank
Presentation Material: A Resurgent East Asia - Navigating a Changing World (PDF)
Associate Professor, Graduate School of Asia Pacific Studies, Waseda University
Presentation Material: Comments on “A Resurgent East Asia” (PDF)