Asian Impact 06: Asia’s Journey to Prosperity—Past, Present, and Post COVID-19

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ADB’s essential research work Asia’s Journey to Prosperity traces the economic and social evolution of Asia and the Pacific—from a low-income agrarian region in the 1960s to a global manufacturing powerhouse today. With COVID-19 threatening to turn back the clock on that progress, how will Asia get back to its growth path?

A panel of experts explored the underlying factors that can explain Asia’s development performance in the last 50 years, as well as the large variations across the region and time periods. They also discussed the evolution of ideas on economic development that affected policymaking across Asia. They also extracted crucial policy lessons—particularly on the roles of technology, markets, and policies—to help steer Asia’s recovery from the COVID-19 pandemic.