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The future of Asia - can it remain the engine of global growth?

· Chang Yong Rhee, Governor of the Bank of Korea (South Korea)

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity, labour markets and jobs, technology, ai and cyber risk

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· Chang Yong Rhee Wiki · Bank of Korea WikiThe future of Asia - can it remain the engine of global growth?

ContextKeynote speech by Chang Yong Rhee, Governor of the Bank of Korea, at the "Asia in 2050 Conference", organised by the International Monetary Fund and the Bank of Thailand, Bangkok, 5 March 2026.

Why it mattersThe Bank of Korea Governor asks whether Asia can stay the world's growth engine as its populations age.

Problems raised
  1. Asia's growth engine may slow.
  2. Ageing populations weigh on growth.
  3. General reform recipes do not fit every country.
Solutions proposed
  1. Nurture strategic industries like AI.
  2. Reform labour markets and pensions.
  3. Increase participation of women and older workers.
Read full speech on bis.org ↗

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