01820cas a2200241 a 4500 AALejournalIMF009310 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866940 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Asia Rising : A Sectoral Perspective. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases. These factors were in turn supported by the region's relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a number of key challenges: (i) implementing reforms to boost productivity in the increasingly important, but currently lagging, service sectors; (ii) providing policy support for continuing the shift of resources from agriculture to industry and services; (iii) strengthening policy frameworks in late-developing countries. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/130 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/130/001.2007.issue-130-en.xml IMF e-Library