Trade and finance

Trade between nations has been a most powerful factor in promoting their individual economic growth, especially when associated with a reinforcing development of industry. In the ECAFE region, Japan is the striking example of rapid economic growth through the joint interaction of trade and industrialization. Australia and New Zealand also reached comparatively high levels of development through trade, although in their case development owed much less, until comparatively recently, to any concomitant industrialization than it did to abundant land and increasingly efficient farming.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities