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Developing Countries in the Asia-Pacific Region

Asia Pacific Economic Dynamics. Economically Developed nations-Japan, Australia

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Developing Countries in the Asia-Pacific Region

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    1. Developing Countries in the Asia-Pacific Region

    2. Asia Pacific Economic Dynamics Economically Developed nations-Japan, Australia & New Zealand Developing -New Industrialising countries (NIC’s)-Indonesia, Philippines,Thailand, Malaysia, Singapore, & Brunei Developing-Socialist Market Economies-China, Vietnam, Cambodia, Laos(No Sea link) & North Korea

    3. Asia Pacific Growth Asia Pacific region experienced strong economic growth especially North East Asia-Japan, China/HK, Korea & Taiwan Visit www.dfat.gov.au Japan dominant economic power over 15% global production-Aust Exports $22.9 Billion China worlds largest population & significant mineral & labour resources

    4. Asia Pacific Korea & Taiwan strong manufacturing & High Technology base with significant exports in value added Secondary/High Tech products. Both Economies strong domestic growth Singapore –7th largest Trading Partner-Aust Exports $3.5 Billion Investment $10 Billion Singapore Investment $33 Billion

    5. Asia Pacific Economic Cooperation (APEC) 21 Asia Pacific Economies 60% Global Income Last ten years 70% Global growth Lower Income APEC Economies increased by 74% 165 million escaped poverty & 195 new jobs Aust Exports $83 Billion to APEC Economies

    6. Australia & New Zealand South East Asia Nations Australia & New Zealand plus Ten Countries of South East Asia Indonesia, Philippines, Thailand, Malaysia, Singapore, Papua New Guinea,Myanmar(Burma),Cambodia,Laos & Brunei.

    7. Asian Development Bank Established 1966, Philippines Recommendation from United Nations Economic Commission Fosters Economic growth & development in Asia Pacific 19 Countries contribute $1100 Realistic interest rates & capital flows

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