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In 1991, more than 90 per cent of Asia’s population lived in low-income countries. By 2015, the wealth of the region had taken a dramatic turn, with more than 95 per cent living in middle-income countries. What has this change meant for the region, and what will it take to shift gear again and reach high-income status?
On this week’s Policy Forum Pod, economists Donghyun Park and Roland Rajah from the Asian Development Bank (ADB) take us under the hood of Asia and the Pacific’s economic engine, and discuss the latest from the 2017 Asian Development Outlook report. Listen here: http://bit.ly/PFPeconomy
Professor Donghyun Park is the Principal Economist from the ADB’s Economic Research and Regional Cooperation Department. Prior to joining ADB in 2007, he was a tenured associate professor of economics at Nanyang Technological University in Singapore. Dr Park plays a leading role in the production of Asian Development Outlook report, ADB’s flagship annual publication.
Roland Rajah is an economist from ADB’s Pacific Liaison and Coordination Office in Sydney, and the ADB country economist for Vanuatu, Solomon Islands and Nauru.