Jesus Felipe is a Distinguished Professor of Economics at De La Salle University (The Philippines). His research on growth and structural transformation has been published in the Cambridge Journal of Economics, Journal of Comparative Economics, Journal of Evolutionary Economics, Structural Change and Economic Dynamics, and World Development.Neil Foster-McGregor is a Senior Economist at the Asian Development Bank. His research on growth, trade, and structural transformation has been published in Industrial and Corporate Change, Research Policy, Structural Change and Economic, and World Development.Önder Nomaler is a Senior Researcher at UNU-MERIT (The Netherlands). His research on evolutionary economics has been published in Research Policy, Structural Change and Economic Dynamics, Economics of Innovation and New Technologies, Journal of Evolutionary Economics, and the Journal of Economic Geography.Bart Verspagen is a Professor of the Macroeconomics of Innovation and New Technology at Maastricht University (The Netherlands). He has published extensively in the field of innovation research and is editor of Journal of Evolutionary Economics. He holds an honorary doctorate from the University of Oslo.

• PrefaceChapter 1: Overview of BookChapter 2: Introduction to Asia’s DevelopmentChapter 3: Labor Productivity and Structural Change in AsiaChapter 4: Recent Developments in Global Value Chains in AsiaChapter 5: Economic Complexity in Global Value Chains in AsiaChapter 6: The Fourth Industrial Revolution Technologies in AsiaChapter 7: Conclusions: Moderate Optimism about Asia’s Development ProspectsReferences

Jesus Felipe is a Distinguished Professor of Economics at De La Salle University (The Philippines). His research on growth and structural transformation has been published in the Cambridge Journal of Economics, Journal of Comparative Economics, Journal of Evolutionary Economics, Structural Change and Economic Dynamics, and World Development.Neil Foster-McGregor is a Senior Economist at the Asian Development Bank. His research on growth, trade, and structural transformation has been published in Industrial and Corporate Change, Research Policy, Structural Change and Economic, and World Development.Önder Nomaler is a Senior Researcher at UNU-MERIT (The Netherlands). His research on evolutionary economics has been published in Research Policy, Structural Change and Economic Dynamics, Economics of Innovation and New Technologies, Journal of Evolutionary Economics, and the Journal of Economic Geography.Bart Verspagen is a Professor of the Macroeconomics of Innovation and New Technology at Maastricht University (The Netherlands). He has published extensively in the field of innovation research and is editor of Journal of Evolutionary Economics. He holds an honorary doctorate from the University of Oslo.

• PrefaceChapter 1: Overview of BookChapter 2: Introduction to Asia’s DevelopmentChapter 3: Labor Productivity and Structural Change in AsiaChapter 4: Recent Developments in Global Value Chains in AsiaChapter 5: Economic Complexity in Global Value Chains in AsiaChapter 6: The Fourth Industrial Revolution Technologies in AsiaChapter 7: Conclusions: Moderate Optimism about Asia’s Development ProspectsReferences

Jesus Felipe is a Distinguished Professor of Economics at De La Salle University (The Philippines). His research on growth and structural transformation has been published in the Cambridge Journal of Economics, Journal of Comparative Economics, Journal of Evolutionary Economics, Structural Change and Economic Dynamics, and World Development.Neil Foster-McGregor is a Senior Economist at the Asian Development Bank. His research on growth, trade, and structural transformation has been published in Industrial and Corporate Change, Research Policy, Structural Change and Economic, and World Development.Önder Nomaler is a Senior Researcher at UNU-MERIT (The Netherlands). His research on evolutionary economics has been published in Research Policy, Structural Change and Economic Dynamics, Economics of Innovation and New Technologies, Journal of Evolutionary Economics, and the Journal of Economic Geography.Bart Verspagen is a Professor of the Macroeconomics of Innovation and New Technology at Maastricht University (The Netherlands). He has published extensively in the field of innovation research and is editor of Journal of Evolutionary Economics. He holds an honorary doctorate from the University of Oslo.

• PrefaceChapter 1: Overview of BookChapter 2: Introduction to Asia’s DevelopmentChapter 3: Labor Productivity and Structural Change in AsiaChapter 4: Recent Developments in Global Value Chains in AsiaChapter 5: Economic Complexity in Global Value Chains in AsiaChapter 6: The Fourth Industrial Revolution Technologies in AsiaChapter 7: Conclusions: Moderate Optimism about Asia’s Development ProspectsReferences