The Asian Development Bank’s (ADB) flagship economic publication Asian Development Outlook 2018 (ADO) provides a comprehensive analysis of macroeconomic issues in developing Asia, including growth projections for 45 economies, including the People’s Republic of China, India, and Indonesia. The report also examines the prospects for developing Asia by subregion: Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific.
This year’s ADO theme, How Technology Affects Jobs, explores the role of technological progress and structural transformation in creating quality jobs. The chapter addresses the growing concern that risks from automation enabled by new technologies could undermine future job growth. ADB’s analysis shows that as increased automation displaces some tasks, new occupations will emerge to take their place raising the hope that the prevalence of good jobs will not diminish. The displacement of workers due to technology is real. But with the right skills, training, and regulation, Asia can overcome this challenge.
The ADO presentation by ADB Chief Economist Yasuyuki Sawada addresses:
- Economic prospects for developing Asia and the Pacific
- Risks emanating from the buildup of private debt
- Rising automation and the quest for good jobs in Asia
- Policy options to ensure developing Asia’s workers continue to benefit from technological advancements