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Technology progress: Carpe Potestatem - Seize the opportunities for the region

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  • Zhenqian Huang

    (Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

Abstract

The high productivity growth in previous decades has enabled the Asia-Pacific region to make significant advances in economic development. Productivity in the region has grown faster than in other regions, yet growth is slowing.1 Technology development is critical to boost productivity growth and to sustain medium- to long-term economic resilience. The region has a great potential. However, technology advancement also brings risks of increasing inequality and adapting to the changing nature of work. Government policies could focus on strengthening fundamental infrastructure, providing knowledge and skills, introducing redistributive measures, supporting technology diffusion and enhancing regional and global cooperation. Recent ESCAP publications provide detailed insights into the topic. Please refer to Inequality in Asia And the Pacific in the Era of the 2030 Agenda for Sustainable Development and Frontier technologies for sustainable development in Asia and the Pacific.

Suggested Citation

  • Zhenqian Huang, 2018. "Technology progress: Carpe Potestatem - Seize the opportunities for the region," MPDD Policy Briefs PB63, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  • Handle: RePEc:unt:pbmpdd:pb63
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