In the Spotlight
In a special chapter of its flagship annual statistical publication, ADB says average years of schooling in the region nearly doubled between 1970 and 2010, resulting in substantial gains in literacy and helping fuel growth. But this has not been enough to produce sufficiently skilled workers to fully meet current or future demands.
The report uses a unique data set of education indicators across 67 economies globally, including 23 from developing Asia and the Pacific, to capture key features of basic educational systems.
Softer growth prospects for the People’s Republic of China (PRC) and India, and a slow recovery in the major industrial economies, will combine to push growth in developing Asia for 2015 and 2016 below previous projections, says the ADO Update 2015.
Emerging East Asia’s bond markets have been strained this year due to muted growth, depreciating currencies, and US interest rates, says ADB's latest Asia Bond Monitor.
Asia’s small- and medium-sized enterprises need finance to help them grow into dynamic, internationally competitive companies. This is key to strong, sustainable growth in Asia as the world recovers from the recent global economic slowdown.