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Economic and Social Survey of Asia and the Pacific 2016

Nurturing Productivity for Inclusive Growth and Sustainable Development

image of Economic and Social Survey of Asia and the Pacific 2016
The Survey 2016 assesses the region’s outlook as it navigates through global uncertainties, providing policy options and strategies to support countries in striving towards achieving the Sustainable Development Goals. The report analyses a wide range of areas including economic growth, inflation, trade and investment, financial markets, inequality, employment, and environmental concerns. The special theme of Survey 2016 highlights how both economic growth and productivity growth have declined in the aftermath of the 2008 economic and financial crisis in the Asia-Pacific region. In doing so, the report examines underlying trends of productivity growth and argues that the 2030 Agenda for sustainable development provides an entry point to strengthen productivity as investing in the SDGs can foster productivity growth, thereby creating a virtuous cycle between sustainable development, productivity and development.

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Increasing productivity for reviving economic growth and supporting sustainable development

Spectacular economic growth has been witnessed in the Asia-Pacific region over the last few decades. In most economies in the region, this growth has been driven primarily by factor accumulation, that is, by increases in the size of the labour force and by increases in the capital stock through investment, including from abroad. At the same time, significant increases in productivity, particularly in labour productivity, have also taken place throughout the region. However, the slowdown in economic growth that has been observed since 2010 has increased the difficulties faced by Asia-Pacific economies in terms of dealing with their numerous development challenges.

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