Globalization, Population, and Regional Growth in the Knowledge-Based Economy

This book examines how globalization, the knowledge-based economy, and demographic change impact regional economic growth in Asian countries. It provides an analytical framework to investigate these structural changes and covers topics such as foreign direct investment, institutions, intergenerational conflict, education policies, and household fertility decision. It is recommended for academic researchers and students interested in regional economic growth.

Format: Paperback / softback
Length: 164 pages
Publication date: 08 May 2022
Publisher: Springer Verlag, Singapore

In the past three decades, Asia has experienced remarkable economic growth, positioning itself as a significant player in the global economy. However, as the region continues to evolve, it faces numerous challenges that will impact its future trajectory. One of the most significant factors shaping Asia's economic future is globalization, which has facilitated the exchange of goods, services, and capital across borders. This has led to increased trade and investment, as well as the growth of multinational corporations in the region.

At the same time, the realization of the knowledge-based economy has also played a crucial role in Asia's economic growth. Countries in the region have invested heavily in education, research, and innovation, leading to the development of new industries and the creation of job opportunities. This has contributed to improved productivity and living standards across Asia.

However, these economic developments have also brought about significant changes in the structure of the Asian economy. As globalization and the knowledge-based economy continue to advance, traditional industries such as manufacturing and agriculture are being displaced by new sectors such as technology and services. This has led to a shift in the employment landscape, with many workers moving from low-skilled to high-skilled jobs.

Another factor that will impact regional economic growth in Asia is population decline. Many countries in the region are experiencing population aging, which can have significant economic consequences. On the one hand, a declining population can lead to lower labor demand and slower economic growth. On the other hand, it can also create opportunities for investment in healthcare and retirement benefits, which can support economic growth.

To address these challenges and ensure sustainable economic growth in Asia, policymakers and researchers need to consider a range of factors. One important area of focus is foreign direct investment, which can bring capital, technology, and expertise to the region. Quality of institutions, such as governance, rule of law, and regulatory framework, is also crucial for promoting economic growth. Education policies, including access to quality education and training, can help ensure that workers have the skills they need to compete in the global economy.

In addition, household fertility decision-making, which can impact labor supply and demand, is also an important factor to consider. Policies that promote family planning and support childbearing can help ensure that the workforce is sustainable and that economic growth is not constrained by demographic factors.

Overall, the impact of globalization, the knowledge-based economy, and demographic change on regional economic growth in Asia is complex and multifaceted. While these factors have brought about significant opportunities for growth, they also pose challenges that require careful consideration and management. By understanding these factors and developing effective policies, Asia can continue to thrive as a major player in the global economy.

In conclusion, this book provides a comprehensive analysis of how globalization, progress in the knowledge-based economy, and demographic change affect regional economic growth in Asia. By using the latest analytical methods, the book offers a valuable framework for understanding the structural changes that are taking place in the Asian economy and their impact on regional economic growth. The book is highly recommended to academic researchers and students who are interested in various aspects of regional economic growth, as it covers topics such as foreign direct investment, quality of institutions, intergenerational conflict, education policies, and household fertility decision.

In the past three decades, Asia has experienced remarkable economic growth, positioning itself
itself as a significant player in the global economy. However, as the region continues to evolve, it faces numerous challenges that will impact its future trajectory. One of the most significant factors shaping Asia's economic future is globalization, which has facilitated the exchange of goods, services, and capital across borders. This has led to increased trade and investment, as well as the growth of multinational corporations in the region.

At the same time, the realization of the knowledge-based economy has also played a crucial role in Asia's economic growth. Countries in the region have invested heavily in education, research, and innovation, leading to the development of new industries and the creation of job opportunities. This has contributed to improved productivity and living standards across Asia.

However, these economic developments have also brought about significant changes in the structure of the Asian economy. As globalization and the knowledge-based economy continue to advance, traditional industries such as manufacturing and agriculture are being displaced by new sectors such as technology and services. This has led to a shift in the employment landscape, with many workers moving from low-skilled to high-skilled jobs.

Another factor that will impact regional economic growth in Asia is population decline. Many countries in the region are experiencing population aging, which can have significant economic consequences. On the one hand, a declining population can lead to lower labor demand and slower economic growth. On the other hand, it can also create opportunities for investment in healthcare and retirement benefits, which can support economic growth.

To address these challenges and ensure sustainable economic growth in Asia, policymakers and researchers need to consider a range of factors. One important area of focus is foreign direct investment, which can bring capital, technology, and expertise to the region. Quality of institutions, such as governance, rule
of law, and regulatory framework, is also crucial for promoting economic growth. Education policies, including access to quality education and training, can help ensure that workers have the skills they need to compete in the global economy.

In addition, household fertility decision-making, which can impact labor supply and demand, is also an important factor to consider. Policies that promote family planning and support childbearing can help ensure that the workforce is sustainable and that economic growth is not constrained by demographic factors.

Overall, the impact of globalization, the knowledge-based economy, and demographic change on regional economic growth in Asia is complex and multifaceted. While these factors have brought about significant opportunities for growth, they also pose challenges that require careful consideration and management. By understanding these factors and developing effective policies, Asia can continue to thrive as a major player in the global economy.

Weight: 273g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811608872
Edition number: 1st ed. 2021