Asian Economic Integration Report 2019/2020
Demographic Change, Productivity, and the Role of Technology
The Asian Economic Integration Report is an annual review of economic cooperation and integration that covers the 49 members of ADB in Asia and the Pacific. It documents progress made in trade and global value chains, cross-border investment, financial integration, the movement of people, and subregional cooperation. The theme chapter of this year’s report explores the potential of technology to boost productivity in aging economies. It also discusses how innovations can help turn demographic challenges into opportunities.
Older workers in Asia are now healthier with an average healthy life span (expectancy) of 63.8 years in 2017, from 57.2 years in 1990.
Older workers in Asia are now more educated. The average years of schooling of 55 to 64-year olds rose from 4.6 years during in 1990 to 7.8 years in 2015.
Asia remained top contributor to global trade as its regional value chains deepened.
Asia continues to be an attractive FDI destination as well as a formidable source of global FDI.
Portfolio debt investment grew moderately, and portfolio equity investment contracted, but banking activities hit a record high.
Remittance inflows into Asia reached $302 billion in 2018, accounting for 44% of global remittance inflows.
Contents:
Infographics:
4Jul2023US Dollar Remains Dominant Currency
Trade and financial transactions continue being performed largely in US dollars. Over three-fourths of trade are in US dollars, while roughly 50% of financial transactions are in US dollars.
4Aug2022Evolving Patterns of Capital Flows in Asia and the Pacific
Nonresident capital inflows in Asia and the Pacific have doubled in the last decade, with notable changes in the composition and patterns of capital flows.
14Jul2022Global Semiconductor Chip Shortages
Producing semiconductors are highly specialized and geographically concentrated, rendering the sector vulnerable to supply chain disruptions. To ensure supply, an enabling environment research and development (R&D), investments, and skills development are key areas of government intervention.
20May2022The Regional Comprehensive Economic Partnership
RCEP is the most ambitious application of a rules-based trading system among economies in Asia and the Pacific.
5Apr2022Resilience of remittances to Asia and the Pacific
Remittance inflows to Asia and the Pacific displayed resilience despite the pandemic, propping up limited fiscal space and providing a lifeline to many affected households in the region. Several factors have contributed to this, as explained in Chapter 5 of the AEIR 2022.
