Asia and the Pacific has achieved spectacular development over the past half century – transforming from an agrarian, low-income region in the 1960s to a global manufacturing powerhouse today; with diverse exports, increasing innovation capacity, bustling cities, and an expanding skilled labor force and middle class.
- Developing Asia has experienced phenomenal growth with an increasing share of global GDP, dramatic #povertyreduction and broad human development #Journey2Prosperity
- Industrialization, supported by high capital accumulation, technological innovation, and open trade and investment regimes, transformed Asia into a center of global manufacturing production and value chains #Journey2Prosperity
- Large investments in infrastructure and education have not only provided critical conditions for economic catch-up, but also contributed to better living standards and well-being in Asia #Journey2Prosperity
- Developing Asia must efforts to tackle remaining poverty, rising #incomeinequality, prevalent #gendergaps, environmental degradation and #climatechange, infrastructure deficits, and population aging #AgingAsia #Journey2Prosperity