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Viewpoint: Asia's Global Role Has Huge Potential - The Key To Unlocking Asia's Full Potential In The Global Economy Is To Accelerate Integration And Co-operation Within The Region And Internationally, Writes Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
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Viewpoint: Asia's Global Role Has Huge Potential - The Key To Unlocking Asia's Full Potential In The Global Economy Is To Accelerate Integration And Co-operation Within The Region And Internationally, Writes Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
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Viewpoint: Asia's Global Role Has Huge Potential - The Key To Unlocking Asia's Full Potential In The Global Economy Is To Accelerate Integration And Co-operation Within The Region And Internationally, Writes Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
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Viewpoint: Asia's Global Role Has Huge Potential - The Key To Unlocking Asia's Full Potential In The Global Economy Is To Accelerate Integration And Co-operation Within The Region And Internationally, Writes Tan Sri Dato' Sri Dr Zeti Akhtar Aziz
2006
Overview
Asia has become a key part of the world economy, not only in terms of its economic size, but also in terms of its influence in global economic and financial developments. In the recent decade, it has emerged as the fastest growing region, contributing almost 40% of global output, one-fifth of world trade and nearly two-thirds of the world's international reserves. This economic progress and growing economic prosperity have reduced income disparities and increased economic opportunities to more than half of the world's population that reside in Asia, with per capita income rising about 6% per annum in this recent decade. There has been an increase in the potential for Asia to be an important engine of growth in the global economy through the strengthening of its trade and investment relationships. In this process, Asia will contribute towards the rebalancing of global growth and towards the adjustment of global imbalances. It will also have an important role in facilitating the efficient allocation of funds by rechannelling its large current account surplus into productive investment, thereby spreading growth opportunities in the region and in the world.
Publisher
The Financial Times Limited
