Identifying trade and investment opportunities
- Author: United Nations Economic and Social Commission for Asia and the Pacific
- Main Title: Asia-Pacific Trade and Investment Report 2011 , pp 57-86
- Publication Date: August 2011
- DOI: https://doi.org/10.18356/f21fc0cc-en
- Language: English
The traditional developed economies of the Group of Three (G3) – the European Union, Japan and the United States – all face economic slowdown, and acceptance is growing that the Asia-Pacific region will be the world's next engine of economic growth. Developing economies in Asia and the Pacific are rapidly increasing their importance in the world economy, having performed robustly to make a quick recovery in 2010 and reach pre-crisis levels of economic activity while major industrial countries continue to struggle. According to the ESCAP (2011a), developing Asia is expected to continue its dynamic growth at the rate of more than 8% per annum throughout the first-half of this decade, while the world economy will grow on average by only 4% per annum.
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