Slowing productivity growth, uncertainties in global trade, and technological advances are increasing the need to transition to new and better modes of production to sustain economic performance, the World Bank report said.
KUALA LUMPUR: Greater innovation is critical to productivity growth and economic progress in developing East Asia in a rapidly changing world, according to the latest World Bank report.
Slowing productivity growth, uncertainties in global trade, and technological advances are increasing the need to transition to new and better modes of production to sustain economic performance, it said in a statement. — Bernama
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