The ADB reported in 2020 that the aging of the farming population was a major concern in both developed and developing APO members including the ROC, India, Indonesia, Japan, the ROK, and the Philippines. The aging of farmers is a significant concern with several serious implications such as labor shortages, lower productivity, rural depopulation, and […]
Business models can be simply plans to make money, what a company will and will not do, how to meet market and customer needs, utilize technology, and analyze a company’s strengths and weaknesses. Good business models give a competitive advantage in the market. Productivity plays a vital role in successful startups, which must make the […]
The service sector is already a significant driver of economic output, growth, and employment in many APO member economies, although there is still plenty of room for improvement because repetitive, face-to-face service operations are especially vulnerable to replacement by AI. Boosting service-sector productivity requires addressing a wide range of policy distortions and investments in human […]
According to reports by McKinsey and CISCO published in 2021 and 2022, damage from cyberattacks will reach approximately USD10.5 trillion per year by 2025, a 300% rise from 2015. Forty-three percent of cyberattacks target small organizations, while 47% of small enterprises are not prepared. It is thus clear that CS is a major concern for […]
Innovation is regarded as a major determinant of long-term economic growth and productivity improvement. Besides the R&D efforts of corporations and research and educational institutes, innovation driven by entrepreneurs and startups is considered closer to market demand and customer needs and thus crucial for technological and economic development. The benefits of innovation and entrepreneurship are […]
