Economic Mobility Across Generations in the Developing East Asia and Pacific Region
The pace and success of economic growth in the developing East Asia and Pacific region (EAP) has been described as nothing short of a miracle. Education and its complementarities are often linked and credited significantly for the region's pos...
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/919031569590457540/Economic-Mobility-Across-Generations-in-the-Developing-East-Asia-and-Pacific-Region http://hdl.handle.net/10986/32483 |
| Summary: | The pace and success of economic growth
in the developing East Asia and Pacific region (EAP) has
been described as nothing short of a miracle. Education and
its complementarities are often linked and credited
significantly for the region's positive story on
economic growth. During the early stages of the
region's development, education kept pace and
complemented labor needs; widespread basic literacy and
numeracy met demands in manufacturing and assembling. This
led to rapid improvements in educational mobility across
generations in absolute terms, where mobility is understood
as the rise in education levels from one generation to the
next. On the other hand, progress has been slower and uneven
in relative mobility, which is more closely linked to
inequality in education and income and refers to the extent
to which an individual's position in society is
influenced by that of his or her parents. |
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