Foreword

The Asian and Pacific region has carved out a leading position in the world economy and become a centre of growth. For the last seven years, the region’s GDP growth rate has consistently and significantly surpassed world growth and its trade with outside world has increased sharply. The region’s share of world savings is around 40 per cent; its foreign exchange reserves of $2.7 trillion represent more than 70 per cent of total world reserves. In a nutshell, the region has reaped considerable benefit from globalization and has grown rapidly.

Sustainable Development Goals:

Decent Work and Economic Growth