Asian countries outside Japan could accomplish a "new Asian miracle" through increased utilization of information technology, the Economic Planning Agency said in an annual report released Wednesday.
The Asian economy, if centered on information technology, could attain high economic growth through "enhanced economic efficiencies and growth possibilities," the agency said in its annual report.
The Asian economy is increasingly dependent on the production of IT-related products, with the percentage of production value in the gross domestic product of such countries as South Korea, Malaysia and Singapore far exceeding that in industrialized countries such as Japan and the United States, the report says.