By Asian Development Bank
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Extra info for Asia 2050: Realizing the Asian Century
This could be treated 18 percent and 6 percent, respectively. Yet, as the pessimistic scenario and a wakeup call improvements in their economic and social to Asian leaders. development are essential in order to reduce Where exactly Asia ends up within the two sce- the cross-country inequities and thus ensure narios will depend on how effectively the region is able the region’s long-term peace and security. to tackle the policy and institutional agenda outlined in the following chapters. The end result will have a The Asian Century tremendous impact on the well-being and lifestyles of future generations of Asians, as well as societies Taking account of the above mentioned drivers and the past performance of the three groups of around the world.
0 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 2020 2023 2026 2029 2032 2035 2038 2041 2044 2047 2050 3 Source: Centennial Group projections, 2011. is also increasingly true for PRC. Most other Asian Demographics and labor force countries lag behind in this area. Asian technology has reached or is close to the Over the last two decades, the world has beneﬁt- global cutting edge in many areas of electronics, ted from a demographic dividend. The number of computers, information technology services, com- people aged 20–64, traditionally taken as the poten- munications, drugs and biotech.
If any of these assumptions were not 2. Fast Growing, Converging Economies (11): to hold, there could be a catastrophic impact on Asia. These countries, led by PRC and India, meet It is not possible to quantify either the probability or the Growth Commission’s criteria of sustained cost of such events. long-term success. Its Growth Report, along with many academic studies, concluded that 1 Brunei Darussalam; Hong Kong, China; Japan; Republic of Korea; Macau, China; Singapore; and Taipei,China. 2 Most of the countries in this group are middle income 3.
Asia 2050: Realizing the Asian Century by Asian Development Bank