After bottoming out last year, the emerging economies of East Asia are recouping their losses and setting out onto the fast growth track. But short-term growth does not necessarily indicate a prosperous future-the region still needs to rebalance its economies and precipitate a massive shift to green technologies and energy efficiency. The World Bank discussed this issue in the latest EastAsia & Pacific Economic Update, a biannual assessment of economies in the region. Edited excerpts follow: