Unprecedented economic growth over the last three decades turned East Asia into an economic powerhouse responsible for a quarter of the world's economy. Hundreds of millions of people across the region, including in China, Indonesia, Malaysia, Thailand and Vietnam, lifted themselves out of extreme poverty and enjoyed greater prosperity, largely because of more labor-intensive and inclusive growth.
Almost seven years on from the collapse Lehman Brothers, the G20 must do more to prevent a slow-motion repeat of that global financial crisis by promoting structural reforms in all the major economies.
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