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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.

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Linking inclusive growth and trade and investment: Identifying transmission channels

Inclusive growth refers to growth that is accessed and shared equitably by all segments of society (Kamel, 2013). Inclusive growth should be broadly based; involving all economic sectors and large parts of a country’s labour force, both as contributors and beneficiaries (Ianchovichina and Lundstrom, 2009).

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