Overview

Asian and Pacific nations are rapidly emerging as engines of global growth. In 2006 the 7.9 per cent increase in the size of the region's developing economies represented a third of worldwide growth. Significantly, these gains were broadly distributed among all sub-regions. The area's developed economies expanded by a healthy 2.2 per cent, while even countries affected by the 1997 Asian financial crisis reported robust 5 per cent growth and a reassuring macroeconomic outlook, with inflation under control, improved external accounts and stronger financial systems.These encouraging trends are set out in Economic and Social Survey of Asia and the Pacific 2007: Surging Ahead in Uncertain Times . However, the survey urges against complacency; deeper integration into the global economy offers exciting opportunities for Asian and Pacific nations, but it also poses its own unique challenges. This publication identifies some of these concerns and analyses the near and medium term policy implications.This publication also addresses the issue of gender discrimination. Restrictions on women's choices and opportunities carry significant socio-economic costs at all levels of society, and the survey proposes action in four areas: economic participation; education; health; and empowerment.

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