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Economic and Social Survey of Asia and the Pacific 1992

Recent Economic and Social Development

image of Economic and Social Survey of Asia and the Pacific 1992

The annual Survey provides an extensive annual review of current economic and social trends within the Asian region and analyzes these developments against the background of events in the world economy. This publication is invaluable to every multinational corporation intending to expand their business in Asia or to invest in the region.

English

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Policy options for enhancing cooperation and development in the region

This final chapter brings together some of the more important observations made earlier in the study and the issues raised therein, in order to assess the range and directions of policy options available to developing countries for intensifying regional economic cooperation and promoting development. One broad result that emerged despite the heterogeneity among the developing economies of the Asian and Pacific region is that a large part of the region’s general dynamism may be attributed to the complementary nature of the interrelationship between intraregional trade and investment expansion. While the foregoing analysis of the previous chapters has demonstrated that the synergetic nexus between the two has had a catalytic impact on growth based on trade, it is also observed that the autonomous impulses emanating from the tradeinvestment nexus in itself have been more successful than formal arrangements in linking the economies of the region. In this setting, given the constraints on the spread of this virtuous growth propellant in several developing economies of the region, this chapter also considers operational mechanisms which may stimulate intraregional trade and investment expansion as vehicles for enhancing economic cooperation and development within the Asian and Pacific region.

English

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