Over the past three decades, growth drivers across Asia have varied significantly depending on the region's development stage. Growing Asian economies have benefited from demographic dividends, increased capital investment, and a shift from agriculture to more productive export-led manufacturing. In contrast, advanced Asian economies, faced with aging populations, focused on productivity improvements through human capital upgrades. According to the Asian Productivity Organization, between 2000 and 2017, total factor productivity grew at least twice as fast in Singapore, Hong Kong, Taiwan, and South Korea as in the U.S. As Asia enters a new phase of economic development, unlocking further productivity will be crucial for sustaining long-term growth. We cordially invite you to read the Asia Green Market Report Q4 2024.