Asia-Pacific Trade and Investment Report 2013

Turning the Tide - Towards Inclusive Trade and Investment

image of Asia-Pacific Trade and Investment Report 2013
The main message of the Report is that the region's dominant export-led growth model should not be abandoned but does need some adjustment. While regional economies have largely succeeded in achieving sustained economic growth, additional policies are required to spread the benefits of that growth more fairly: to reduce poverty, limit rises in inequality, widen access to productive opportunities and bring excluded groups in from the margins. It is not enough simply to hope that rising wealth will eventually work for the benefit of all. The era of trade and invest now, distribute gains later has thus come to its end; we need to promote inclusive trade and investment.



Executive summary

The Asia-Pacific region continues to outperform the rest of the world in the pace of overall growth. Trade-led expansion continues to feed the region’s economic dynamism. The strong recovery in exports since 2009 has helped the region overcome the slowdown caused by the global economic and financial crisis, but this strategy of export-reliance is coming under increasing scrutiny. Continued overdependence on uncertain external demand creates risks and vulnerabilities. Increasing attention is therefore being given to fostering domestic sources of demand through investment in infrastructure and social sector and reforms aimed at addressing rising inequality.


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