ADB: Innovation can unlock faster growth in Asia Pacific


Two school boys check their hand-made fuel cell vehicles before a test run at a Tokyo elementary school. The ADB report says countries in the Asia Pacific must equip their people with a basic education in science, technology, engineering, and mathematics to promote critical thinking, problem-solving, and creativity.- AFP

MANILA (Xinhua): Fostering greater innovation would bring faster and more inclusive economic growth in Asia and the Pacific, according to the theme chapter of the Asian Development Outlook (ADO) 2020 released by the Asian Development Bank (ADB) on Friday (April 3).

"Developing Asia invests 2.1 per cent of its gross domestic product in research and development, but there are wide variations across countries," ADB chief economist Yasuyuki Sawada said.

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Asia Pacific , ADB , innovation , economic , growth

   

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