Key Indicators for Asia and the Pacific 2013

Description

Key Indicators 2013 - Data Visualization

The Key Indicators for Asia and the Pacific 2013 (Key Indicators), the 44th edition of this series, includes the latest available economic, financial, social, and environmental indicators for the 48 regional members of the Asian Development Bank (ADB). This publication aims to present the latest key statistics on development issues concerning the economies of Asia and the Pacific to a wide audience, including policy makers, development practitioners, government officials, researchers, students, and the general public. Part I of this issue of the Key Indicators is a special chapter—“Asia’s Economic Transformation: Where to, How, and How Fast?”. Parts II and III comprise of brief, non-technical analyses and statistical tables on the Millennium Development Goals (MDGs) and seven other themes. This year, the 2013 edition of the Framework of Inclusive Growth Indicators, a special supplement to Key Indicators is also included.

The statistical tables in this issue of the Key Indicators may also be downloaded in MS Excel format from this website or in user-specified format at SDBS Online. The statistical tables are complemented by a visualization tool that is intended to provide users with an alternative way to look at some of the development issues concerning the economies of Asia and the Pacific.

Highlights  

Several priorities merit consideration for Asia’s continuing transformation:

  • Developing Asia needs to make a significant qualitative leap in structural transformation and to focus on transferring labor from sectors of low productivity (typically agriculture) into sectors of high productivity;
  • But future transformation will most likely not resemble in pace and direction that seen in Japan and the newly industrialized economies during the second half of the 20th century, as the overall economic environment is very different today. The rest of developing Asia may not be likely to transform as quickly as this group;
  • Policymakers ought to focus on facilitating firms and workforces to develop the capabilities they need to manufacture new products, to enter new markets, and to move up the development ladder (i.e., to make and provide increasingly sophisticated and complex products and services);
  • Developments in agriculture will be key for Asia’s future, in particular for the low-income economies. Agriculture has to “industrialize” (i.e., develop agribusiness and adopt modern methods) for the sector to achieve productivity levels similar to those in the economy as a whole; and
  • History suggests that manufacturing is important and that industrialization has been nearly essential for an economy to achieve high income levels.