dc.contributor.author	Cirera, Xavier
dc.contributor.author	Mason, Andrew D.
dc.contributor.author	de Nicola, Francesca
dc.contributor.author	Kuriakose, Smita
dc.contributor.author	Mare, Davide S.
dc.contributor.author	Tran, Trang Thu
dc.date.accessioned	2021-02-17T16:42:35Z
dc.date.available	2021-02-17T16:42:35Z
dc.date.issued	2021-02-23
dc.description.abstract	After a half century of transformative economic progress that moved hundreds of millions of people out of poverty, countries in developing East Asia are facing an array of challenges to their future development. Slowed productivity growth, increased fragility of the global trading system, and rapid changes in technology are all threatening export-oriented, labor-intensive manufacturing—the region’s engine of growth. Significant global challenges—such as climate change and the COVID-19 pandemic—are exacerbating economic vulnerability. These developments raise questions about whether the region’s past model of development can continue to deliver rapid growth and poverty reduction. Against this background, The Innovation Imperative in Developing East Asia aims to deepen understanding of the role of innovation in future development. The report examines the state of innovation in the region and analyzes the main constraints that firms and countries face to innovating. It assesses current policies and institutions, and lays out an agenda for action to spur more innovation-led growth. A key finding of the report is that countries’ current innovation policies are not aligned with their capabilities and needs. Policies need to strengthen the capacity of firms to innovate and support technological diffusion rather than just invention. Policy makers also need to eliminate policy biases against innovation in services, a sector that is growing in economic importance. Moreover, countries need to strengthen key complementary factors for innovation, including firms’ managerial quality, workers’ skills, and finance for innovation. Countries in developing East Asia would also do well to deepen their tradition of international openness, which could foster openness in other parts of the world. Doing so would help sustain the flows of ideas, trade, investment, and people that facilitate the creation and diffusion of knowledge for innovation.	en
dc.identifier	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/797541614143336483/main-report
dc.identifier	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/797541614143336483/main-report
dc.identifier	https://documents.worldbank.org/en/publication/documents-reports/documentdetail/797541614143336483/main-report
dc.identifier.doi	10.1596/978-1-4648-1606-2
dc.identifier.isbn	978-1-4648-1606-2
dc.identifier.uri	https://hdl.handle.net/10986/35139
dc.publisher	Washington, DC: World Bank
dc.relation.ispartofseries	World Bank East Asia and Pacific Regional Report;
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	PRODUCTIVITY GROWTH
dc.subject	TECHNOLOGY CHANGE
dc.subject	INTERNATIONAL TRADE
dc.subject	ECONOMIC GROWTH
dc.subject	GROWTH DRIVERS
dc.subject	INNOVATION
dc.subject	SERVICES TRADE
dc.subject	TECHNOLOGY INNOVATION
dc.subject	INNOVATION POLICY
dc.subject	PRIVATE SECTOR DEVELOPMENT
dc.subject	LABOR SKILLS
dc.subject	MANAGERIAL CAPABILITIES
dc.subject	RISK FINANCE
dc.subject	POVERTY REDUCTION
dc.subject	TECHNOLOGY TRANSFER
dc.subject	TECHNOLOGY ADOPTION
dc.subject	TECHNOLOGY DIFFUSION
dc.title	The Innovation Imperative for Developing East Asia	en
dc.type	Book	en
dc.type	Livre	fr
dc.type	Libro	es
dspace.entity.type	Publication
okr.date.disclosure	2021-02-23
okr.doctype	Publications & Research
okr.doctype	Publications & Research::Publication
okr.guid	797541614143336483
okr.guid	586181614144666586
okr.identifier.doi	10.1596/978-1-4648-1606-2
okr.identifier.report	156947
okr.language.supported	en
okr.region.administrative	East Asia and Pacific
okr.region.country	Cambodia
okr.region.country	China
okr.region.country	Indonesia
okr.region.country	Lao People's Democratic Republic
okr.region.country	Malaysia
okr.region.country	Mongolia
okr.region.country	Myanmar
okr.region.country	Philippines
okr.region.country	Thailand
okr.region.country	Viet Nam
okr.region.geographical	East Asia and Pacific
okr.topic	International Economics and Trade::Foreign Direct Investment
okr.topic	International Economics and Trade::Trade Technology and Productivity
okr.topic	International Economics and Trade::Trade and Services
okr.topic	Private Sector Development::Competitiveness and Competition Policy
okr.topic	Private Sector Development::Enterprise Development & Reform
okr.topic	Private Sector Development::Global Value Chains and Business Clustering
okr.topic	Private Sector Development::Private Sector Economics
okr.topic	Science and Technology Development::Technology Innovation
okr.unit	EAPCE
relation.isAuthorOfPublication	1469d4fc-9b48-551e-9926-c916e7ec9725
relation.isAuthorOfPublication	051f0151-de1a-5908-8c97-f85c5f09476a
relation.isAuthorOfPublication	5d987b1f-1795-407e-b0b7-b5f916574fc0
relation.isAuthorOfPublication	ca96ab93-217d-4359-a222-2481b357efdb
relation.isAuthorOfPublication	27f9b9b3-5dac-4076-af7a-c59671b3d4f4
relation.isAuthorOfPublication.latestForDiscovery	051f0151-de1a-5908-8c97-f85c5f09476a

Publication: The Innovation Imperative for Developing East Asia

Files

Original bundle

License bundle

Collections

Publication:
The Innovation Imperative for Developing East Asia