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From Trade to Technology: World Bank Sets Out a New Development Playbook for ASEAN Growth

📱 Trade to Technology

Published by OOPSONLINE.IN · Source: Devdiscourse · 1 min read · · Updated

What actually happened

World Bank research finds that ASEAN economies can achieve far greater income gains by combining lower trade costs with stronger productivity, technology, skills and domestic business capabilities. For governments, development partners and businesses, the priority is “qualified openness”—better logistics, customs and certification alongside investment in productive firms, skilled workers and higher-value industries.

Key points

  • World Bank research finds that ASEAN economies can achieve far greater income gains by combining lower trade costs with stronger productivity, technology, skills and domestic business capabilities.
  • For governments, development partners and businesses, the priority is “qualified openness”—better logistics, customs and certification alongside investment in productive firms, skilled workers and higher-value industries.

Summary based on data provided by Devdiscourse. Full article available at the original publisher.

  • #technology
  • #trade
  • #technology
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