Asia Pacific Economic Identity

The world economic gravity map has gradually shifted from the West to East. The Asia Pacific region is regarded as the most economically dynamic region in the world, where China, India, and ASEAN are emerging dominating economies in terms of global production network and supply chain of products and services.

The evolving regional economic architecture is centered on ASEAN under the framework of ASEAN Plus Free Trade Agreement. However, ASEAN member states face the problem of economic relevance and development gap. The intra-regional trade and investment are still relatively low. The key question remains is wether they are able to realize and concretize its own economic community by 2015.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s