A Knowledge Platform on Economic Productivity
Chapter 1: The impact of regional cooperation and integration drivers on economic productivity and welfare, with particular attention to Southeast Asia
The first chapter of the book reviews the drivers, instruments and tools that link RCI to productivity. Multilateral institutions have identified key drivers of productivity for emerging economies. On the real, microeconomy side – the sole focus of this book – trade openness, foreign direct investment flows, trade-related infrastructure, quality of (skilled) labor inputs and the efficient allocation of human resources, economic diversification through structural change policies, financial sector development, and the business-oriented institutional and regulatory framework explain most of productivity growth.