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Asian Development Outlook 2017: Transcending the Middle-Income Challenge by Asian Development Bank

Asian Development Outlook 2017: Transcending the Middle-Income Challenge

by Asian Development Bank
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Book cover type: Paperback
  • ISBN13: 9789292577872
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Asian Development Bank
  • Publisher Imprint: Asian Development Bank
  • Publication Date:
  • Pages: 277
  • Original Price: USD 39.0
  • Language: English
  • Edition: N/A
  • Item Weight: 1062 grams
  • BISAC Subject(s): Development / Economic Development

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.

Decades of rapid growth transformed developing Asia from a low-income region to middle income. Sustaining growth to power the transition to high income will depend on much greater improvement in productivity. Innovation, human capital, and infrastructure are the three pillars of productivity growth. Supportive institutions and policies, underpinned by macroeconomic stability, can strengthen all three pillars. Asia's dynamic track record suggests that attaining high income status, while challenging, is achievable.

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