The annual Asian Development Outlook analyzes economic performance
in the past year and offers forecasts for the next 2 years for the
45 economies in Asia and the Pacific that make up developing Asia.
Decades of rapid growth transformed developing Asia from a
low-income region to middle income. Sustaining growth to power the
transition to high income will depend on much greater improvement
in productivity. Innovation, human capital, and infrastructure are
the three pillars of productivity growth. Supportive institutions
and policies, underpinned by macroeconomic stability, can
strengthen all three pillars. Asia's dynamic track record suggests
that attaining high income status, while challenging, is
achievable.
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