BUSINESS

Keeping the East Asian Miracle alive

Business, Victoria Kwakwa, Published on 23/10/2018

» The rise of developing East Asia and the Pacific in the last four decades is the development success story of this generation. The region has been transformed from one of low-income and largely agricultural economies to one of middle-income and highly sophisticated economies with growing middle classes. The region now acts as an engine of growth for the global economy, accounting for more than a third of global GDP growth last year.