Asia’s growth continues to transfix analysts and investors around the world.
The sheer size and scale of Asia’s future economic development will create major challenges with respect to global competitiveness, human capital, natural resources and environmental sustainability.
Moreover, global competition for foreign direct investment, innovative products and export markets will force the majority of the region’s economies to shift beyond cost competitiveness to innovation-led growth by developing knowledge-based industries.
The challenge of what the best strategy is to avoid the “high-tech, high-cost” trap now looms even larger as the region develops the brands, technology and talent to move up the value chain.
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