Beyond Factory Asia: Fuelling Growth in a Changing World

Asian Development Bank (adb)

No RPT135512-3, ADB Reports from Asian Development Bank (ADB)

Abstract: 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.

Keywords: factory asia; economic growth; economic cycle; manufacturing; small medium enterprises; sme; economic transformation; economic evolution; service sector; social transformation; value chain; value-added products; south-south cooperation; environmentally sustainable growth (search for similar items in EconPapers)
Pages: 52 pages
Date: 2013-04, Revised 2013-12-10
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (1)

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