Services as a New Engine of Growth for ASEAN, the People’s Republic of China, and India

Ben Shepherd and Gloria Pasadilla

No 349, ADBI Working Papers from Asian Development Bank Institute

Abstract: An increasing services orientation is likely to be a key feature of the economies of the Association of Southeast Asian Nations (ASEAN), the People’s Republic of China, and India (collectively referred to as “ACI”) over the medium-term. This paper aims to present a compendium of relevant data on the state of the services sector in the ACI countries, focusing on its contribution to overall economic activity, employment, and growth. To do this, it relies heavily on standard international sources, as well as national statistics in some cases. It also examines to the extent possible—given data restrictions—the services policy environment in the ACI countries, focusing on its implications for regional and international integration of services markets.

Keywords: services sector; services markets; economic development; emerging markets; middle income trap (search for similar items in EconPapers)
JEL-codes: O10 O44 O53 Q28 Q53 Q56 Q58 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2012-03-08
New Economics Papers: this item is included in nep-dev and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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