A way forward

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Trade and investment have been major drivers of growth and prosperity in the Asia-Pacific region. The region’s dependence on trade increased consistently from the 1970s until the global financial crisis in 2008-2009. Developing countries within the Asia-Pacific region – Asian tigers, dragons and lions – have been most successful in leveraging trade and investment and creating economic growth. This is in large part due to their more liberal trade and foreign direct investment (FDI) policies enabling their early integration into global value chains.

Related Subject(s): International Trade and Finance
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