World Bank Sees Slowing Productivity and Social Inclusion As Key Challenges for High-Growth East Asia Countries

Executive Summary

On January 31, 2019, the Coresight Research team attended the launch event for a report titled A Resurgent East Asia, which was co-organized by the World Bank Group and the Hong Kong University of Science and Technology. Key insights include:

• Developing East Asia was the fastest-growing region in terms of annual GDP growth between 1991 and 2016.
• The “East Asian Development Model” helped these countries achieve this growth.
• Now, developing East Asian countries face challenges such as slowing productivity growth, social inclusion and rising demands on state institutions.
• Developing East Asian countries need to proactively address these challenges.