What drives innovation in Asia? COVID-19: What will be the economic impact?

Crawford School of Public Policy

Event details

Public Seminar

Date & time

Thursday 02 April 2020


Acton Theatre Level 1, JG Crawford Building #132, Lennox Crossing, ANU


Donghyn Park, Rommel Rabanal - Asian Development Bank


Communications and Engagement Team

The ADO 2020 theme chapter explores what drives innovation in Asia? Innovation—the introduction of new and better products and processes—is increasingly important for developing Asia as it becomes a primarily middle-income region. Some countries in the region are closing the gap with advanced economies when it comes to first-in-the-world “frontier” innovations. But just as important are the first-in-your-context “catch-up” innovations that are taking place across the region, and which matter greatly for development. The theme chapter documents the state of innovation in developing Asia, examines its drivers—including the roles played by human capital, entrepreneurship, finance, institutions, and cities—and discusses how policies can spur innovation in the region.

The ADB report will also focus on the economic impact of the coronavirus now known as the COVID-19 Outbreak. It began in the People’s Republic of China and spread to many countries is not just a serious shock to the global health system, but a significant shock to the regional and global economy as well. The April 2020 ADO special topic assesses the potential economic impact of the outbreak on economies in developing Asia and the Pacific, and beyond. Given the very large uncertainty regarding how the outbreak will evolve, it explores several scenarios, and examines how economies could be affected through tourism, declining consumption and investment, production disruptions, and trade and production linkages.

The ADO presentation by Donghyun Park, Principal Economist from ADB’s Economic Research and Regional Cooperation Department will address: • Economic prospects for developing Asia and the Pacific • Trade policy uncertainty in Asia: measurement and trends • Innovation promoting more inclusive and sustainable growth • The economic impact of COVID-19
Rommel Rabanal, Economist from ADB’s Pacific Department, will discuss developments and forecasts for the Pacific region and address the economic impact of COVID-15 on the Pacific economies.

ADO presents analysis of 45 economies, including the People’s Republic of China, India, and Indonesia. The report also examines the prospects for developing Asia by subregion: Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific.

Updated:  26 January 2021/Responsible Officer:  Crawford Engagement/Page Contact:  CAP Web Team