The Asian Development Bank (ADB) will launch its flagship economic publication, Asian Development Outlook (ADO), at a conference held at Asia House on 13 April 2018. The ADO report presents analysis of 45 economies, including the People’s Republic of China, India, and Indonesia. The report also examines the prospects for developing Asia by sub-region: Central Asia, East Asia, South Asia, Southeast Asia, and the Pacific.
Asia has made considerable progress creating good jobs, lifting hundreds of millions of people out of poverty. While technological progress and structural transformation have driven this process, there is growing concern that risks from automation enabled by new technologies could undermine future job growth. This year’s ADO theme, “How Technology Impacts Jobs,” emphasises that even as increased automation displaces some tasks, new occupations emerge to take their place raising the hope that the prevalence of good jobs will not diminish. The displacement of workers due to technology is real. But with the right skills, training, and regulation, Asia can overcome this challenge.
The report will be launched by Juzhong Zhuang, Deputy Chief Economist and Deputy Director General of the Economic Research and Regional Cooperation Department, ADB. Mr Zhuang joined ADB in 1997, and has written extensively on Asian development. His latest publications include co-edited books, Inequality in Asia and the Pacific, published in 2014, and Managing Middle Income Transition: The Challenges Facing China, published in 2015. He is a former Research Officer of the Development Economics Research Programme at the London School of Economics, and holds a PhD in Economics from the University of Manchester.
Mr Zhuang will address the following in his presentation during the conference:
- Economic prospects for developing Asia and the Pacific
- Risks emanating from the build-up of private debt
- Trends in foreign direct investment in Asia and impact of US fiscal policy
- Potential benefits of distributed ledger technology for development finance
- Rising automation and the quest for good jobs in Asia
- Policy options to ensure developing Asia’s workers continue to benefit from technological advancements
His presentation will be followed by a panel discussion on the forces of Industry 4.0 and the outlook for Asia.
For more information, please contact Aini Abdullah, Business and Policy Programme Assistant: email@example.com