In the Spotlight
With more than $26 billion a year in development financing and about 3,000 employees from 67 members, including 48 from the region, ADB delivers projects that change people’s lives in Asia and the Pacific.
Asian Economic Integration Report 2015: How Can Special Economic Zones Catalyze Economic Development?
Special economic zones (SEZs) can play a catalytic role in economic development, provided the right business environment and policies are put in place. The Asian Economic Integration Report 2015, examines current trends in trade, finance, migration, remittances and other economic activities in the region, with a special chapter on the role of special economic zones.
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.