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Asia Rising :, A Sectoral Perspective

Abstract
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases. These factors were in turn supported by the region's relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a number of key challenges: (i) implementing reforms to boost productivity in the increasingly important, but currently lagging, service sectors; (ii) providing policy support for continuing the shift of resources from agriculture to industry and services; (iii) strengthening policy frameworks in late-developing countries
Table Of Contents
Contents; I. Introduction; II. Asia's Economic Success; III. Perspiration or Inspiration?; IV. Sectoral Effects: Cross-Sector Shifts or Within-Sector Growth?; A. Across Agriculture, Industry, and Services; Sectoral composition and its evolution; Trends in productivity levels and productivity growth rates; Sectoral decomposition of productivity growth; V. Within Manufacturing; VI. Policy Determinants of Productivity Growth; VII. The Asian Story; VIII. Conclusions; References; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (48 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613829634

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