Moving beyond middle-income status through sustained rapid growth is the natural next step for the region.
Total factor productivity growth in middle-income countries depends on innovation, human capital, and infrastructure.
It’s time to diversify its economy to transition to upper-middle-income status.
It might decline while the poor get poorer, and rise while everyone is getting richer.
Asia has the potential to realize the Asian Century, but only adopting bold and visionary policies can help make this a reality.
Quality infrastructure may cost more in the beginning, but is worth the extra investment.
The region’s infrastructure bond market is still at a nascent stage.
Short-term gains will not guarantee long-term benefits for an individual economy, nor shared prosperity from open trade.
Developing Asia urgently needs further investments in infrastructure to sustain growth and improve social equity.
Collecting panel data is not cheap, but definitely value for money.