The East Asia and Pacific region remains one of the main drivers of the world economy, accounting for nearly two-fifths of global economic growth. The region also leads the world in poverty reduction, achieving a sharp decline in extreme poverty rates in recent decades. By 2015, the region’s extreme poverty rate had fallen to 4 percent, down from 29.1 percent in 2002.
Mega-trends developing in East Asia and the Pacific reverberate not only throughout the region, but impact other regions across the world. These mega-trends include an ageing population, rapid urbanization, a fast-growing middle class but also persistent income inequality, and efforts to mitigate the effects of climate change.
Join us for a discussion of these transformational mega-trends, and how they are impacting development planning and outcomes in the East Asia and Pacific region.