Economic Outlook for Southeast Asia, China and India 2014
Beyond the Middle-Income Trap
The Economic Outlook for Southeast Asia, China and India 2014: Beyond the Middle-Income Trap presents a medium-term (five year) economic outlook for Emerging Asia, a specific focus on the middle-income trap and an assessment of national structural policy reforms and medium-term development plans. The report highlights the fact that economies in the region will remain resilient in the next five years, supported by the growing strength of domestic demand. It also calls for greater efforts in the push for further economic integration in ASEAN, in particular in the areas of human capital development and poverty.
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Structural policy country notes for Emerging Asia
OECD Development Centre
While the Emerging Asian region has positioned itself well to weather short-term economic volatility, it is imperative to ensure that the new growth and development strategies of countries in the region do lead to sustainable growth over the longer term. To this end, there must be structural policy reforms to ensure sustained and robust productivity growth, the cornerstone of every nation’s economic growth and competitiveness. The reforms should also target upgrading of economic activities to ensure that the region’s economies can remain competitive participants in global value chains in the face of changing domestic and external conditions.
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