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Growth Amid Change in Developing Asia

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This volume contains an essay originally published in Asian Development Outlook 2007. It augments that publication's contents by providing an extensive, new appendix. A central premise of the essay is that economies that successfully sustain growth do so by continuously adapting and changing their form. Incrementally, but steadily, they latch on to and master new and more productive activities, reaping gains along the way. Looking ahead, the essay notes that there are still enormous opportunities for developing Asia in terms of catching up with rich countries and speculates that for those countries where scale permits, progress will require the development of increasingly productive industrial and services sectors. Developing Asia must "walk on two legs."

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