dc.contributor.author	World Bank
dc.date.accessioned	2024-08-05T14:58:36Z
dc.date.available	2024-08-05T14:58:36Z
dc.date.issued	2024-10-07
dc.description.abstract	East Asia and the Pacific, seen in the context of the world economy, stands out as a paragon of development. Despite the recent ravages of the pandemic and the persistent tensions of geopolitics, the region is growing at stably high rates and the benefits are widely shared. But compared to its own past and potential, the region’s economic performance is less impressive. Growth is still below pre-pandemic rates, except in Indonesia, and output has not yet recovered to pre-pandemic levels in several countries, especially in the Pacific. This Economic Update highlights three key developments: shifting regional growth dynamics as China’s growth slows, changing trade patterns due to global tensions, and the impact of technologies such as robots, artificial intelligence, and digital platforms on jobs. The report calls for productivity-enhancing structural reforms to strengthen domestic growth drivers through; deeper international trade agreements to foster more open and stable trade regimes; deeper technical, digital, and soft skills while addressing impediments to labor mobility, factor price distortions and expanding social protection for workers in the digital informal economy to boost productivity and employment.
dc.identifier	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/en/099101724124028337
dc.identifier.doi	10.1596/978-1-4648-2175-2
dc.identifier.isbn	978-1-4648-2175-2
dc.identifier.uri	https://hdl.handle.net/10986/41998
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	EAST ASIA
dc.subject	CHINA
dc.subject	PACIFIC ISLANDS
dc.subject	ECONOMIC GROWTH
dc.subject	JOBS
dc.subject	WAGES
dc.subject	TECHNOLOGY
dc.subject	TRADE
dc.title	World Bank East Asia and the Pacific Economic Update, October 2024: Jobs and Technology
dc.type	Serial
dspace.entity.type	Publication
okr.associatedcontent	https://www.worldbank.org/en/region/eap/brief/office-of-the-chief-economist-east-asia-and-pacific Office of the Chief Economist, East Asia and Pacific
okr.associatedcontent	https://www.worldbank.org/en/news/press-release/2024/10/07/east-asia-and-pacific-resilient-growth-in-turbulent-times Press Release
okr.date.disclosure	2024-10-07
okr.doctype	Publication
okr.doctype	Publications & Research
okr.guid	099101724124028337
okr.guid	099111124100517410
okr.guid	099111124100531367
okr.guid	099111124100544484
okr.guid	099111124100537269
okr.guid	099111124100511202
okr.guid	099111124100515912
okr.guid	099101724124027309
okr.guid	099101724124030984
okr.identifier.doi	https://doi.org/10.1596/41998
okr.region.geographical	East Asia and the Pacific
okr.topic	Macroeconomics and Economic Growth
okr.topic	Information and Communication Technologies
okr.topic	Social Protections and Labor
okr.unit	EAPVP

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World Bank East Asia and the Pacific Economic Update, October 2024: Jobs and Technology