Economic and Social Survey of Asia and the Pacific 1999

Asia and the Pacific into the Twenty-First Century - Information Technology, Globalization, Economic Security and Development

image of Economic and Social Survey of Asia and the Pacific 1999

This year's issue of the survey reviews the economic progress in the ESCAP region over the past year and analyzes population dynamics and their related policy implications. It also provides a regional perspective on the subject of 'Financing for Development' looking at such issues as: domestic and external resources; trends in and current distribution of Official Development Assistance; and reform of the international financial architecture.



Electronic commerce

Trade, including both exports and imports, has played a central role in the development of many developing economies in the region. Over the last five years or so, between 15 and 20 per cent of world trade in goods and services originated in the developing ESCAP region. Also, for the majority of these economies, export and import ratios to GDP are significantly larger than the world average. In a worldwide context as well, trade has assumed an increasingly important role in driving economic progress: it is one of the major causes and signs of globalization. The dynamism which has characterized the trade sector over the past two decades, concomitant with the increasing liberalization of tariff and non-tariff barriers, is now being revolutionized and regenerated by the phenomenon of electronic commerce, particularly facilitated by the use of the Internet.


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