Advanced Asia is undergoing a critical transformation as aging populations, fiscal constraints, and slowing productivity converge with technological disruption and trade fragmentation. Traditional growth models built on industrialization and global integration are being tested, requiring policymakers and business leaders to rethink strategies. This briefing explores the structural risks to employment, public finance, and inequality, proposing reforms focused on industrial renewal, labor market redesign, fiscal innovation, and leveraging technology as a tool for inclusive and sustainable growth.

This year’s survey indicated an uncertain outlook for Asian businesses. Economies across the region are enjoying a return to business as usual and recovering from the effects of the COVID-19 pandemic. Yet the invasion of Ukraine has set off a chain of events that roiled global markets and left the world with no clear path …