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Beyond Factory Asia: Fuelling Growth in a Changing World

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  • Asian Development Bank (ADB)

Abstract

Asia’s phenomenal growth over the past few decades has been driven by the rise of Factory Asia. However, the global financial crisis and uncertain growth prospects in the United States and the eurozone have dampened demand for Asian exports. At the same time, rising wages threaten to erode the cost advantage that the region once had, managing supply chains has become more complex, and new technologies are transforming manufacturing. How can regional economies move beyond Factory Asia? What strategies can Asian economies pursue to meet these challenges? This monograph will examine a range of policy, institutional, legal, and regulatory issues relating to reforms that will drive Asia’s economic and social transformation in its quest for a new Factory Asia model.

Suggested Citation

  • Asian Development Bank (ADB), 2013. "Beyond Factory Asia: Fuelling Growth in a Changing World," ADB Reports RPT135512-3, Asian Development Bank (ADB), revised 10 Dec 2013.
    • Handle: RePEc:asd:wpaper:rpt135512-3
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    References listed on IDEAS

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    1. Robert C. Johnson & Guillermo Noguera, 2012. "Proximity and Production Fragmentation," American Economic Review, American Economic Association, vol. 102(3), pages 407-411, May.
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    Cited by:

    1. Asei Ito, 2014. "Industrial Agglomeration and Dispersion in China: Spatial Reformation of the "Workshop of the World"," China Economic Policy Review (CEPR), World Scientific Publishing Co. Pte. Ltd., vol. 3(01), pages 1-29.

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