By Asian Development Bank
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Extra info for Asia 2050: Realizing the Asian Century
The fact that in these tial labor force, has been growing. In fact, about 560 areas technology is being increasingly developed in million people were added to the global labor force Asia promises technology’s spread to other Asian in the 1990s, and almost 640 million more people countries. Patent citations suggest that knowledge between 2000 and 2010. That dividend is now slow- spillovers are geographically concentrated. The ing, and will lose steam by 2035. closer to the source of the innovation, the faster its Over the next several decades, an ever smaller adoption.
Going forward, the key question in the regions that are fragile and unstable to begin is whether Asia can cooperatively manage its with. In turn, this could lead to widespread famine, conflicts without external help. chaos and internal struggles, and conflicts among neighbors for energy resources. Several of Asia’s major rivers—the Indus, So far, Asia has yet to seriously institutionalize such cooperation. Some foresee and advocate an Asian NATO, which, like the Atlantic institution itself, Ganges, Mekong, Yangtze, and Yellow—originate might help the region to deal with both traditional in the Himalayas, If the massive snow/ice sheet in as well as non-traditional threats.
If recent across all 49 Asian economies; and (ii) the launching adverse trends in the quality of institutions and rising of a meaningful intra-regional development assistance corruption continue unchecked, the region’s ability to program—on a bilateral or multilateral basis—consis- realize the Asian Century would be seriously jeopar- tent with Development Assistance Committee (DAC) dized. All countries must improve governance and guidelines. continually transform their institutions to realize the promise of becoming afﬂuent societies by 2050.
Asia 2050: Realizing the Asian Century by Asian Development Bank