The Asia-Pacific region is and will remain the engine of the world economy going forward – it accounts for 57% of global GDP, 46% of world trade and more than a third of the global population – and there is much to celebrate about APEC’s achievements in recent years. However, APEC economies are not immune from risk.
Increasing tax revenues and ensuring sustainable domestic resource mobilisation will be critical as emerging Asian economies seek to boost the provision of public goods and services and improve economic growth and living standards.
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4-page policy note detailing the key results and recommendations from OECD Trade Policy Paper 179 on the Participation of Developing Countries in Global Value Chains.
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24-page summary paper of the OECD trade policy paper #179 on participation of developing countries in global value chains available on the OECD iLibrary.
While the outlook for many OECD countries remains subdued, Emerging Asia is set for healthy growth over the medium term. Annual GDP growth for the ASEAN -10, China and India is forecast to average 6.5% over 2015-19. Growth momentum remains robust in the 10 ASEAN countries, with economic growth averaging 5.6% over 2015-19.
The project “Interrelations between Public Policies, Migration and Development: Case Studies and Policy Recommendations”, aims to enhance partner countries’ capacity to incorporate migration into the design and implementation of their development strategies.
The OECD Development Centre is carrying out a project, co-funded by the EU Thematic Programme on Migration and Asylum, on the Interrelations between public policies, migration and development of partner countries.
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Although growth outlook is mixed across Emerging Asia, the latest Asian Business Cycle Indicators (ABCIs) suggest signs of growth stabilisation for China and a more positive outlook for the Philippines and Singapore, while still weak growth prospects for India.