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Productivity and Technology for Asia’s Growth

Author

Listed:
  • Anil Sood

    (Centennial Group International and the Emerging Markets Forum)

  • Y. Aaron Szyf

    (Centennial Group International and the Emerging Markets Forum)

Abstract

For Asia to realize the Asian Century in 2050 and reach per capita income levels similar to Europe today, its fast-growing converging economies must sustain their growth momentum. The slower growing countries must accelerate their growth to achieve convergence status during this period. The underlying requirement for both groups is continued rapid improvement in total factor productivity (TFP). Although it may sound ambitious and though it is definitely not preordained, Asia can reach this dream if its economies strive for excellence in the areas of productivity and innovation, while learning from the best practice in the region and beyond. This article addresses the TFP level and performance of Asian economies, the salient underlying factors, and the strategies that Asian economies must pursue to make further improvement.

Suggested Citation

  • Anil Sood & Y. Aaron Szyf, 2011. "Productivity and Technology for Asia’s Growth," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(3), pages 313-334, September.
  • Handle: RePEc:emf:journl:2011c-4
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    References listed on IDEAS

    as
    1. Lee, Jong-Wha & Francisco, Ruth, 2012. "Human capital accumulation in emerging Asia, 1970–2030," Japan and the World Economy, Elsevier, vol. 24(2), pages 76-86.
    2. Harpaul Alberto Kohli, 2011. "Model for Developing Global Growth Scenarios," Book Chapters,in: Harinder Kohli & Ashok Sharma & Anil Sood (ed.), Asia 2050: Realizing the Asian Century, chapter 0, pages 305-309 Emerging Markets Forum.
    3. Harpaul Alberto Kohli & Y. Aaron Szyf & Drew Arnold, 2012. "Construction and Analysis of a Global GDP Growth Model for 185 Countries through 2050," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 91-153, May.
    4. Zoltán J. Ács & László Szerb, 2011. "Global Entrepreneurship and Development Index 2012," Books, Edward Elgar Publishing, number 14235, December.
    5. Koh, Francis C. C. & Koh, Winston T. H. & Tschang, Feichin Ted, 2005. "An analytical framework for science parks and technology districts with an application to Singapore," Journal of Business Venturing, Elsevier, vol. 20(2), pages 217-239, March.
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    Cited by:

    1. Claudio Loser & José Fajgenbaum, 2012. "A New Vision for Mexico 2042: Achieving Prosperity for All," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 155-195, May.
    2. Harpaul Alberto Kohli & Y. Aaron Szyf & Drew Arnold, 2012. "Construction and Analysis of a Global GDP Growth Model for 185 Countries through 2050," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 4(2), pages 91-153, May.

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