Socio-Economic Challenges Facing the Asia and Pacific Region in Higher Education

Abstract

With the ever demanding world, Research and Development (R&D) has a major play within the economic growth and the societal. Policies seek to strengthen countries through innovations and improved infrastructures. Policymakers have recently recognized that more investment is needed for a sustainable growth rate within the Asia Market and thus it is up to the government to remove barriers and increase funding into technology to support a long-term, sustainable rate of change in the level of economy. Strategies are required by governments to promote better innovation packages for commence between educational institutions and industries to support technical and financial growth. Higher Education Institutions (HEIs) are pioneering new ways of thinking and practices to develop new innovation trends not just regionally but globally too. This approach is bridging the gap between research and development (R&D) and establish knowledge-based economies to develop, market, and sell research products.