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Regional Integration in the Asia Pacific

Issues and Prospects

image of Regional Integration in the Asia Pacific

This report, published by the OECD's International Futures Programme in co-operation with the Bob Hawke Prime Ministerial Centre in Australia, aims to stimulate informed debate about the main integration issues facing the Asia-Pacific region in the decades ahead.  It examines such issues as how the region compares to other regions of the world in terms of economic and political integration; regional co-operation on trade, investment and environment; and security and transportation concerns.  The book concludes with Mike Moore's "Reflections on Asia Pacific Integration".

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Executive Summary and Synthesis

The Asia Pacific is the world’s most economically dynamic region. Most of its economies are growing persistently, at rates of between 3.5% and 10% p.a. The pace is such that East Asia (excluding Japan) now enjoys an average GDP per capita (in purchasing power parity terms) not far short of Western Europe’s in 1950 (Angus Maddison, “World Development and Outlook 1820- 2030: A Quantitative Perspective”, Revised Note for the Meeting of OECD Economics and Environment Directorates, 25 June 2004, Table 2, p. 5). On present trends, East Asia will reach Western Europe’s 1990 GDP per capita in 30 years’ time (Maddison). In line with such growth, the region’s share of global exports has doubled over the past 25 years, and many regional businesses...

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