East Asia’s renaissance has continued. East Asian countries have progressed from low-income to middle-income status in the past half century. The scale of this success has been called the ‘East Asian Miracle’ because of the sheer pace of transformation. Yet, East Asia’s resurgence remains incomplete. Despite its success, developing East Asia’s continued resurgence will depend on its ability to navigate the currents of a changing region, and most importantly, a changing world. This event looks at the challenges and new opportunities that can help countries in this region make the transition successfully from middle- to high-income status.
At a public event at the University of Indonesia in Jakarta, World Bank Group President Jim Yong Kim will outline the opportunities and challenges facing the economic development of Indonesia and East Asia, and how the World Bank Group can help end extreme poverty and share prosperity more widely in the region.