Developing the Services Sector for Economic Diversification in CAREC Countries

Download or read book Developing the Services Sector for Economic Diversification in CAREC Countries written by Asian Development Bank and published by . This book was released on 2021-12-20 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study underscores the potential for greater economic diversification through robust development of seven key services subsectors and industries in members of the Central Asia Regional Economic Cooperation (CAREC) Program. The services sector is becoming a key driver of economic development in most CAREC members. The economies in the region also need to adopt a coherent and comprehensive approach to the balanced development of these interdependent services subsectors. Enabling conditions such as good governance, competitive markets, strong regional cooperation and integration, efficient labor markets, and high quality physical and digital infrastructure are crucial.