In a recent report, the Asian Development Bank (ADB) has undertaken an important analysis of the future prospects for Asian growth in its report entitled “Asia 2050, realizing the Asian century”. However, the achievement of this scenario could be threatened by the so-called “middle-income trap”, whereby middle-income economies find themselves unable to compete with either low-wage economies or highly skilled advanced ones, arresting the pace of sustainable growth in the long-run.
In cooperation with the ADB, the UNIDO round table discussion provided a unique platform to address these issues and to map out a route for sustained development for Asia. Click below for the program and flyer.
