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East Asia has been a paragon of global development success. The dramatictransformation of the region over the past half century-with a succession ofcountries having progressed from low-income to middle-income and even to high-incomestatus-has been built on what has come to be known as the "East Asiandevelopment model". A combination of policies that fostered outward-oriented, labor-intensivegrowth while strengthening basic human capital and providing sound economicgovernance has been instrumental in moving hundreds of millions of people out ofpoverty and into economic security.Yet East Asia's economic resurgence remains incomplete. More than 90 percent of its peoplenow live in 10 middle-income countries, many of which can realistically aspire to high-incomestatus in the next generation or two. But these countries are still much less affluent andproductive than their high-income counterparts. Even as the region's middle-income countriesattempt to move up to high-income status, they confront a rapidly changing global andregional economic environment. Slowing growth in global trade and shifts in its patterns,rapid technological change, and evolving country circumstances all present challenges tosustaining productivity growth, fostering inclusion, and enhancing state effectiveness.A Resurgent East Asia: Navigating a Changing World is about how policy makersacross developing East Asia will need to adapt their development model to effectivelyaddress these challenges in the coming decade and sustain the region's remarkabledevelopment performance".The world is changing. How do East Asia's developing economies navigate this change?This is a commendable book on this topic-a must-read for policy makers, academia,and students who are interested in East Asia".- Chatib Basri, Former Minister of Finance, Government of Indonesia"A Resurgent East Asia is a vital publication for the most successful region as it looks tothe future and the expectations of its citizens. This study helps to identify the new areasof risk and to suggest ways to ameliorate them. In so doing, it is an invaluable resourcefor governments. Based on first-rate analysis, it is a must-read for policy makers andeveryone interested in East Asia's development prospects!"- Danny Leipziger, Managing Director, The Growth Dialogue, and Professorof International Business, George Washington University"This report delivers a careful and rigorous analysis of the strengths of East Asia's 'growthwith equity' development strategy. While noting the model's success in lifting millions outof poverty, the report also warns of the looming challenge of maintaining growth withinclusion, and it highlights the need for countries to improve their social protection systemsand ensure that opportunities are fair and available to all. A must-read for policy makersand development practitioners alike".- Ana Revenga, Senior Fellow, Brookings Institution.

Macroeconomics.

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This paper argues that climate change poses two distinct, if related, sets of challenges for poor rural households: challenges related to the increasing frequency and severity of weather shocks and challenges related to long-term shifts in temperature, rainfall patterns, water availability, and other environmental factors. Within this framework, the paper examines evidence from existing empirical literature to compose an initial picture of household-level strategies for adapting to climate change in rural settings. The authors find that although households possess numerous strategies for managing climate shocks and shifts, their adaptive capacity is insufficient for the task of maintaining-let alone improving-household welfare. They describe the role of public policy in fortifying the ability of rural households to adapt to a changing climate.

Adaptation --- Climate change --- Climate Change Economics --- Climate Change Mitigation and Green House Gases --- Environment --- Long-term effects --- Regional Economic Development --- Risk-coping mechanisms --- Rural Development --- Rural households --- Rural Poverty Reduction --- Science of Climate Change

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This paper analyzes the simultaneous impacts and interplay of exports and technology adoption on the demand for different types of skills and aggregate labor market indicators in Indonesia over a period characterized by a commodity boom (2005-10) and a period of declining exports (2011-15). The results for the 2005-10 sub-period are in line with the evidence available for developed countries, that is, technology is complementary to analytical and soft skills and is labor-saving, while exports are labor increasing. In 2011-15, the relationship between technology and skills, and between technology and labor demand, differs from the evidence available for the developed world. That is, technology increases the demand for analytical and interpersonal skills in high-exporting industries only, and technology and exports are labor increasing for some population subgroups. The findings for the more recent period confirm that differences in economic structures matter for understanding the impacts of technological advances and globalization.

Export Competitiveness --- International Economics and Trade --- Labor Demand --- Labor Force Participation --- Labor Market --- Labor Markets --- Labor Skills --- Science and Technology Development --- Skills Development and Labor Force Training --- Social Protections and Labor --- Technology Adoption --- Technology Innovation --- Trade

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After a half century of significant economic success, developing countries in East Asia are confronted by slowing productivity growth, increased fragility of the global trading system, and rapid changes in technology which are threatening their main engine of growth: export-oriented, labor-intensive manufacturing. Longer-term demographic shifts, climate change, and the ongoing COVID-19 pandemic are increasing economic vulnerability. Against this background, The Innovation Imperative in Developing East Asia examines the role of innovation in fostering future economic progress in the region. A central finding of the report is that the countries' innovation institutions and policies are not aligned with their firms' innovation capabilities and needs. To enable greater innovation-led growth, policies need to support technology diffusion, not just invention, and innovation in services, not just manufacturing. Efforts are also needed to strengthen key complementary factors for innovation, including firms' managerial capacity, workers' skills, and risk finance--

Technological innovations