The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia's rapid growth accompanied by poverty reduction. It emphasizes the criticality of pro‐poor policies and institutional set‐ups in the fast‐developing East Asian economies. The efforts of these individual countries are, however, a necessary but not sufficient condition (explanation). There is a more essential, underlying region‐wide mechanism that simultaneously promotes regionalized growth and specifically favours Asia's working mass of unskilled labour. Such an efficacious mechanism is posited in the...

The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia's rapid growth accompanied by poverty reduction. It emphasizes the criticality of pro‐poor policies and institutional set‐ups in the fast‐developing East Asian economies. The efforts of these individual countries are, however, a necessary but not sufficient condition (explanation). There is a more essential, underlying region‐wide mechanism that simultaneously promotes regionalized growth and specifically favours Asia's working mass of unskilled labour. Such an efficacious mechanism is posited in the ‘flying geese paradigm of comparative advantage recycling in labour intensive goods’. The chapter argues that a number of favourable factors have fortuitously coalesced to engender a considerably favourable condition for Asia's rapid catch‐up growth in which unskilled labour (the poor) can participate as their countries' most vital input in labour‐driven development.