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Structural Transformation in Asia and the Pacific

Author

Listed:
  • JOHN GIBSON

    (University of Waikato, Hamilton, New Zealand)

Abstract

Many countries in Asia and the Pacific have experienced rapid economic growth and structural transformation in recent decades. Yet, some countries are still at an early stage of this structural transformation and face external conditions less favorable than those faced by the first movers when they were at a similar early stage in their transformation. The external environment is less auspicious, with trade tensions and “friend-shoring†leading to possible deglobalization, while demographic headwinds could also lower sustainable growth rates and induce technological changes, such as the increased use of robots, that reduce the possibility of relying upon labor-intensive development strategies.

Suggested Citation

  • John Gibson, 2024. "Structural Transformation in Asia and the Pacific," Asian Development Review (ADR), World Scientific Publishing Co. Pte. Ltd., vol. 41(02), pages 1-5, September.
    • Handle: RePEc:wsi:adrxxx:v:41:y:2024:i:02:n:s0116110524020025
    DOI: 10.1142/S0116110524020025
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    More about this item

    Keywords

    global value chains; labor productivity growth; trade openness; special economic zones; structural transformation;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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