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Productivity and Technology for Asia’s Growth

Author

Listed:
  • Anil Sood

    (Chief Operating Officer, Centennial Group International, Washington DC. Managing Editor, Global Journal of Emerging Market Economies. E-mail: asood2@gmail.com)

  • Y. Aaron Szyf

    (Policy Analyst, Centennial Group International, Washington DC. E-mail: Aaron@centennial-group.com)

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:sae:emeeco:v:3:y:2011:i:3:p:313-334
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    File URL: http://eme.sagepub.com/content/3/3/313.abstract
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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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