[[tweetable]]Economic progress in East Asia and Pacific (EAP) has greatly contributed to the global reduction of extreme poverty. The more prosperous countries in the region – China, Thailand, and…

Judy Yang |

A young woman is selling products on-line. Photo: Xubei Luo/World Bank China’s rapid development of e-commerce has begun to reshape production and consumption patterns as well as change people’s…

Xubei Luo |

Small, landlocked, and resource-rich Lao PDR has been quietly maintaining its place as one of East Asia and Pacific’s fastest growing economies for nearly 20 years. Since 2000, the average…

Stephen Danyo |

The Philippines’ economy has been booming since 2010, growing over 6% per year on average. The country is one of the top performers in the East Asia Pacific region, and its impressive economic…

Rong Qian |

Malaysia’s journey towards becoming a high-income nation will become more meaningful if all Malaysians are given the opportunity to share the benefits of prosperity. Photo: World Bank/Samuel Goh…

Kenneth Simler |

As Malaysia moves closer towards achieving high-income country status, it is important to be aware of the broader aspects of development that are not captured by GDP growth.  (Photo: Getty Images/…

Richard Record |

Photo: ©Li Wenyong/World Bank Forty years ago in December, Deng Xiaoping delivered his historic speech "Emancipate the mind, seeking truth from facts and unite as one to face the future.…

Bert Hofman |

When the Bank did its first social assistance public expenditure review in Indonesia in 2012, the diagnosis was clear. Despite spending significant amount of resources in “welfare”, most of them…

Pablo Acosta |

Photo: bigstock/ f9photos Income growth is not the sole aim of economic development. An equally important, albeit harder to quantify objective is a sense of progress for the entire community, and …

Victoria Kwakwa |

An elderly man waits for medicine at a hospital counter in Thailand. Photo: Trinn Suwannapha/World Bank Thailand recently announced that it will put into action a national social assistance…

Philip O’Keefe, Ulrich Zachau |