The Innovation Imperative for Developing East Asia

The Innovation Imperative for Developing East Asia
Author :
Publisher : World Bank Publications
Total Pages : 308
Release :
ISBN-10 : 9781464816567
ISBN-13 : 1464816565
Rating : 4/5 (565 Downloads)

Book Synopsis The Innovation Imperative for Developing East Asia by : Xavier Cirera

Download or read book The Innovation Imperative for Developing East Asia written by Xavier Cirera and published by World Bank Publications. This book was released on 2021-05-07 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: After a half century of transformative economic progress that moved hundreds of millions of people out of poverty, countries in developing East Asia are facing an array of challenges to their future development. Slowed productivity growth, increased fragility of the global trading system, and rapid changes in technology are all threatening export-oriented, labor-intensive manufacturing—the region’s engine of growth. Significant global challenges—such as climate change and the COVID-19 pandemic—are exacerbating economic vulnerability. These developments raise questions about whether the region’s past model of development can continue to deliver rapid growth and poverty reduction. Against this background, The Innovation Imperative in Developing East Asia aims to deepen understanding of the role of innovation in future development. The report examines the state of innovation in the region and analyzes the main constraints that firms and countries face to innovating. It assesses current policies and institutions, and lays out an agenda for action to spur more innovation-led growth. A key finding of the report is that countries’ current innovation policies are not aligned with their capabilities and needs. Policies need to strengthen the capacity of firms to innovate and support technological diffusion rather than just invention. Policy makers also need to eliminate policy biases against innovation in services, a sector that is growing in economic importance. Moreover, countries need to strengthen key complementary factors for innovation, including firms’ managerial quality, workers’ skills, and finance for innovation. Countries in developing East Asia would also do well to deepen their tradition of international openness, which could foster openness in other parts of the world. Doing so would help sustain the flows of ideas, trade, investment, and people that facilitate the creation and diffusion of knowledge for innovation.


The Innovation Imperative for Developing East Asia Related Books

The Innovation Imperative for Developing East Asia
Language: en
Pages: 308
Authors: Xavier Cirera
Categories: Business & Economics
Type: BOOK - Published: 2021-05-07 - Publisher: World Bank Publications

DOWNLOAD EBOOK

After a half century of transformative economic progress that moved hundreds of millions of people out of poverty, countries in developing East Asia are facing
To the Frontier and Beyond
Language: en
Pages: 250
Authors: World Bank
Categories:
Type: BOOK - Published: 2020-12-15 - Publisher:

DOWNLOAD EBOOK

After a half century of significant economic success, countries in developing East Asia face an array of challenges. Slowing productivity growth, increasing fra
Innovation in the Asia Pacific
Language: en
Pages: 329
Authors: Thomas Clarke
Categories: Business & Economics
Type: BOOK - Published: 2017-10-20 - Publisher: Springer

DOWNLOAD EBOOK

This book promotes the creation of advanced knowledge-based economies driven by innovation networks and the continuous development of human capital and capabili
World Bank East Asia and Pacific Economic Update, April 2024
Language: en
Pages: 118
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2024-04 - Publisher: World Bank Publications

DOWNLOAD EBOOK

Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growt
World Bank East Asia and Pacific Economic Update, Spring 2021
Language: en
Pages: 118
Authors: World Bank
Categories: Business & Economics
Type: BOOK - Published: 2021 - Publisher: World Bank Publications

DOWNLOAD EBOOK

A year after the first case was confirmed in Wuhan COVID-19 is proving hard to suppress even, while the emergence of more transmissible variants of the variant