As production in Asia becomes more expensive due to rising wages, ballooning commodity prices and a shrinking labor pool, the region is losing its cost advantage. Given the changing global patterns of growth, demographics, and technology, Asia's growth model needs to evolve accordingly. Will developing Asia manage to invest in skills, technologies, and the private sector to move beyond low-cost manufacturing and ensure that economic growth remains strong?
When: Monday, 13 May 2013 - 06:00 to 07:00 GMT
Ramesh Subramaniam is Senior Director at ADB's Office of Regional Economic Integration (OREI) where he manages four teams dealing with the pillars of its Regional Cooperation and Integration Strategy: Trade and Investment; Monetary and Financial Integration; Infrastructure Connectivity; and Regional Public Goods. His research and work over the last 22 years has focused on policy and institutional change in developing Asia.
Thiam Hee Ng is Senior Economist at ADB's Office of Regional Economic Integration (OREI) where he manages the Asian Bonds Online website, produces the quarterly Asia Bond Monitor and conducts research on capital flows, economic integration and financial market development. Prior to joining ADB, Ng worked at the United Nations Industrial Development Organization (UNIDO).