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Developing The Service Sector As Engine Of Growth For Asia
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Book Synopsis Developing the Service Sector as Engine of Growth for Asia by : Marcus Noland
Download or read book Developing the Service Sector as Engine of Growth for Asia written by Marcus Noland and published by . This book was released on 2012 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The maturing of the manufacturing sector in many Asian countries, combined with the relative backwardness of its service sector, has made service sector development a top priority for developing Asia. Our central objective is to broadly survey and analyze the current landscape of the region's service sector so as to assess its potential to serve as an engine for inclusive economic growth. Our analysis indicates that services are already an important source of output, growth, and jobs in the region. However, its productivity greatly lags that of the advanced economies, which implies ample room for further growth. The impact of service sector on poverty reduction is less clear but we do find some limited evidence of a poverty reduction effect. One key challenge for all Asian countries is to improve the quality of service sector data. Overall, while service sector development is a long and challenging process, creating more competitive services markets by removing a wide range of internal and external policy distortions is vital for improving service sector productivity. As important as such policy reforms are, complementary investments in physical infrastructure and human capital will also be necessary to achieve a strong service sector.
Book Synopsis Developing the Service Sector as an Engine of Growth for Asia by : Asian Development Bank
Download or read book Developing the Service Sector as an Engine of Growth for Asia written by Asian Development Bank and published by . This book was released on 2013 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Service Sector in Asia by : Donghyun Park
Download or read book The Service Sector in Asia written by Donghyun Park and published by . This book was released on 2012 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this paper is to empirically analyze the prospects for the service sector as a future engine of growth. Our analysis of 12 Asian economies indicates that the service sector already contributed substantially to the region's growth in the past. Furthermore, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor productivity grew at a healthy pace in much of the region. Overall our analysis provides substantial cause for optimism about the role of the service sector as an engine of growth in Asia. However, some Asian countries where the service sector is currently struggling, such as the Republic of Korea and Thailand, will find it more challenging to develop the sector.
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.
Book Synopsis Service-led Growth by : Dorothy I. Riddle
Download or read book Service-led Growth written by Dorothy I. Riddle and published by Greenwood. This book was released on 1986 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Asian Development Outlook 2020 by : Asian Development Bank
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.
Book Synopsis Sectoral Engines of Growth in Developing Asia by : Jesus Felipe
Download or read book Sectoral Engines of Growth in Developing Asia written by Jesus Felipe and published by . This book was released on 2007 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Services and Economic Development in the Asia-Pacific by : J.W. Harrington
Download or read book Services and Economic Development in the Asia-Pacific written by J.W. Harrington and published by Routledge. This book was released on 2016-04-01 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Until the 1990s, industrialization was the dominant development paradigm for the Asia-Pacific region. Since then, advanced services (finance, business or 'producer services', information and creative services) have become deeply embedded in the processes of economic growth and change in the region. This rapid tertiary expansion is fundamentally restructuring national and regional economies and urban form in line with the introduction of advanced production systems, national modernization programmes and the globalization strategies of governments. Services are being actively deployed as instruments of metropolitan reconfiguration and land use change. This book explores various aspects of the relationship between service industries and economic development in Japan, South Korea, China, Taiwan, Singapore, India, Australia and New Zealand. It provides new sector-oriented and regional and national perspectives on services and development.
Book Synopsis The Service Sector in Lower-Income Asian Economies by : Gemma Esther B. Estrada
Download or read book The Service Sector in Lower-Income Asian Economies written by Gemma Esther B. Estrada and published by . This book was released on 2013 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Services Sector in Asia by : Donghyun Park
Download or read book The Services Sector in Asia written by Donghyun Park and published by . This book was released on 2012 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Innovation Imperative for Developing East Asia by : Xavier Cirera
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.
Book Synopsis Avoiding the Middle-Income Trap in Asia by : Naoyuki Yoshino
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.
Book Synopsis Service Industries and Asia Pacific Cities by : Peter W. Daniels
Download or read book Service Industries and Asia Pacific Cities written by Peter W. Daniels and published by Routledge. This book was released on 2005-04-01 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the second half of the twentieth century, development in the Asia-Pacific region has been dominated by industrialization. However, at the beginning of the twenty-first century, services, in particular, finance, information and creative services, have become deeply embedded in the processes of urban growth. In Asia-Pacific the rise of service industries has lead to national modernization programmes and globalization strategies. Services are also driving change in the internal form of city regions and are being actively deployed as instruments of metropolitan reconfiguration and land use changes. These changes have created problems such as social polarization and the displacement of traditional industries and residential districts. Also, there are tensions between local and global processes in the development of service industries, and between the imperatives of competitive advantage and sustainable development. Service Industries and Asia Pacific Cities brings together a multi-disciplinary team of experts to explore and illustrate the theoretical, conceptual and practical issues arising from the transformation of Asia-Pacific cities by service industries.
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.
Book Synopsis Beyond Factory Asia by : Thiam Hee Ng
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.
Book Synopsis The Emerging Service Economy by : Services World Forum (Association)
Download or read book The Emerging Service Economy written by Services World Forum (Association) and published by Pergamon. This book was released on 1987 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Service sector, trade, economic role in economic development - service worker employment, information technology, outer space, tourism, insurance, data collecting, measurement, research methods, etc. Bibliography, diagrams.
Book Synopsis Developing the Services Sector for Economic Diversification in CAREC Countries by : Asian Development Bank
Download or read book Developing the Services Sector for Economic Diversification in CAREC Countries written by Asian Development Bank and published by . This book was released on 2021-12-20 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study underscores the potential for greater economic diversification through robust development of seven key services subsectors and industries in members of the Central Asia Regional Economic Cooperation (CAREC) Program. The services sector is becoming a key driver of economic development in most CAREC members. The economies in the region also need to adopt a coherent and comprehensive approach to the balanced development of these interdependent services subsectors. Enabling conditions such as good governance, competitive markets, strong regional cooperation and integration, efficient labor markets, and high quality physical and digital infrastructure are crucial.
