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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.

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Regional links in trade and investment

Among the stylized facts used by most analysts of the world economy is an observed shift in the focus of growth towards the Asian and Pacific region over the last two decades. This is reflected mainly in the persisting competitiveness of several of the region’s developing economies, which have maintained both a high level of economic growth and a reasonably good trade performance. While part of the dynamism may be ascribed to close trade and investment linkages to Japan, which has performed well, much credit lies in the generally flexible production structures and responsive policy environment in these economies, which have enabled successful implementation of an export-led strategy of development. In fact, the robust growth of exports has effected a rise in the share of the developing ESCAP region in world trade from slightly under 9 per cent in 1980 to about 15.5 per cent in 1991.

English

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