participation rate effect, but also a growth effect. Life-cycle savings, investment deepening, foreign capital flows, and schooling … have all been greatly affected by the demographic transition. The paper discusses just how much of these positive growth …

The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing … Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this … role of the service sector as an engine of growth in Asia. However, some Asian countries where the service sector is …

principal engine for economic growth, as the share of the service sector in gross domestic product has exceeded that of the … industry sector since the mid-1980s. Three major opportunities for leveraging service sector growth stands out. One is …

In the past 10 years, the service sector has been a significant contributor to overall economic growth in Bangladesh …, Cambodia, Nepal, Papua New Guinea, Uzbekistan, and Viet Nam. Sector growth has been supported by strong industrial growth in … investments. In order to increase the labor productivity of the sector and realize its potential to contribute to inclusive growth …

This report assesses what is new about Asian growth, focusing primarily on the ‘external’ dynamics of change (the roles … of inter-country growth and networks, trade and FDI – i.e. the context of globalization). …

services sector, has made services sector development a top priority for developing Asia. Our central objective is to broadly … for inclusive economic growth. Our analysis indicates that services are already an important source of output, growth, and … further growth. The impact of services sector on poverty reduction is less clear but we do find some limited evidence of a …