Pacific Opportunities: Leveraging Asia’s Growth
The past decades hint at Asia's potential as a market for Pacific goods as well as a source of investment, and a labor market, with significant scope to expand mutually beneficial trade and other economic transactions.
This book copublished with the Asian Development Bank (ADB) represents an initial effort to analyze and discern some of the main trends driving economic relations between Asia and the Pacific. It aims to assess how the Pacific developing member countries can better tap into opportunities arising from Asian growth, and overcome constraints to mutually beneficial economic ties between the two regions.
ADB's long-term forecasts suggest that solid growth in Asia is likely to continue. By 2030, Asian economies are expected to be roughly four times larger than they are today, and Asia’s share of global output is expected to rise to 40% of the global total. In contrast, most countries in the Pacific have experienced extended periods of relatively low growth, and many have suffered significant setbacks from disasters.
These two very different regions have drawn closer economically over the past two decades as improvements in transport infrastructure and advances in information and communications technology have helped to bridge geographic distance.
- Figures, Tables, and Boxes
- Executive Summary
- Part I: Current Economic Conditions in Asia and the Pacific
- Part II: Links Between Pacific Economies and Asia
- Part III: Strengthening Links between Pacific Economies and Asia