The Asia-Pacific region continues to face a deeply challenging external environment. The V-shaped recovery from the depths of the 2008-2009 global financial crisis in 2010 proved to be short-lived, as the world economy entered the second stage of the crisis in 2011, due to euro zone debt concerns and the continued uncertain outlook for the United States economy. The region will be affected by slackening demand for its exports and higher costs of capital, as well as by loose monetary policies and trade protection measures of some advanced economies.
The Asia-Pacific region’s rapid growth since the 1950s had been supported by a favourable external economic environment and opportunities arising from globalization. This, however, has changed dramatically in the aftermath of the global financial crisis of 2008-2009. In the new global environment, sustaining the region’s growth and realizing the Asia-Pacific century critically depends on its ability to harness the potential of regional economic integration.
The UN Asia-Pacific Regional Cooperation Mechanism Thematic Working Group (TWG) on International Migration including Human Trafficking, co-chaired by ESCAP and IOM, launched the 2012 Situation Report on International Migration in South and South-West Asia in Dhaka, Bangladesh on 5 April 2012.
UNICEF and the Asia-Pacific Interagency Group on Youth called on regional governments to focus greater energy on Asia-Pacific’s 1.1 billion young people, which they say are vital for the region’s future economic development.
They launched a new policy guide Investing in Youth Policy.This policy guide makes a strong case for governments to put young people higher on the policy agenda.
The Asia-Pacific Trade and Investment Report (APTIR) is a publication prepared by the Trade and Investment Division of the United Nations Economic and Social Commission for Asia and the Pacific. It provides information on and independent analyses of regional trends and developments in trade and investment; emerging issues in trade, investment and trade facilitation policies; and impacts of these policies on countries’ abilities to meet the challenges of achieving inclusive and sustainable development.
Simplification and harmonization of trade data and documentary requirements can contribute significantly to the reduction of time and costs for international trade transactions. Harmonizing data used in trade documents and aligning them with international standards also ensures data interoperability among the various parties engaged in a trade transaction.
The Asia-Pacific Development Journal (APDJ) is published twice a year by the Macroeconomic Policy and Development Division of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and to stimulate policy debate and assist in the formulation of policy.
Concept note for the High-level Subregional Forum on Accelerating Achievement of the Millennium Development Goals in South Asia, which took place on 17-18 February 2012 in New Delhi, India. The Forum was jointly organized by UNESCAP, ADB and UNDP