Back when I was studying economic development theory, the idea that “many are called, few are chosen” was part of the debate on whether South Korea would break through the middle income trap. That debate has ended: Korea is a shining example of success–and higher income–in no small measure from the educational drive and prowess of its people. Fast forward to Indochina. In a recent article featured in […]Read More Educating Indochina: Vietnam at the Threshold
Stanford’s Center on Longevity provides some intriguing long-range projections for working age (16-64 year) populations in Asia through the year 2050. As the chart below indicates, the most profound “worker bulges” occur in countries of South Asia–specifically India, Pakistan, Bangladesh–as well as the Phillipines. India’s employment segment expansion alone is near 300 million people. Important […]Read More Workforce Projections for Asia to 2050
Chinese workers are dramatically outperforming their neighbors with important implications for Vietnam, Indonesia, and Thailand. (Pakistan’s stagnant productivity is not as surprising). Between 2000 and 2011, China’s output per employed person grew by approximately 280%. Vietnam’s 160% is a close second (see chart below). Is this a matter of Chinese productivity rising to higher output […]Read More Why is Chinese Productivity Crushing its Neighbors?