Productivity and Technology for Asia’s Growth

Anil Sood and Y. Aaron Szyf
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Anil Sood: Centennial Group International and the Emerging Markets Forum

Global Journal of Emerging Market Economies, 2011, vol. 3, issue 3, 313-334

Abstract: For Asia to realize the Asian Century in 2050 and reach per capita income levels similar to Europe today, its fast-growing converging economies must sustain their growth momentum. The slower growing countries must accelerate their growth to achieve convergence status during this period. The underlying requirement for both groups is continued rapid improvement in total factor productivity (TFP). Although it may sound ambitious and though it is definitely not preordained, Asia can reach this dream if its economies strive for excellence in the areas of productivity and innovation, while learning from the best practice in the region and beyond. This article addresses the TFP level and performance of Asian economies, the salient underlying factors, and the strategies that Asian economies must pursue to make further improvement.

Keywords: Total Factor Productivity; entrepreneurship; innovation; R&D; infrastructure; converging economies; creativity (search for similar items in EconPapers)
Date: 2011-12
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Citations: View citations in EconPapers (3)

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