Asia Pacific Economies: Evaluating Growth and Development

This essay provides an overview of Asia Pacific economies, highlighting key factors such as economic growth, trade, cooperation, and investment. It references the Asia-Pacific Economic Cooperation (APEC) and discusses the role of government intervention in the banking sector, the importance of human capital investment, and the impact of international trade. The essay also touches upon the conglomerates in the Asia-Pacific business and the causes of the East Asian Crisis, including inadequate financial systems and crony capitalism. The conclusion emphasizes the strong economic fundamentals of Asia Pacific economies due to high investment and exports, noting the rapid development in East Asia, China, and India and predicting divergent development in the Asian region in the near future.

Running head: ASIA PACIFIC ECONOMIES
ASIA PACIFIC ECONOMIES
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Topic: Asia Pacific Economies
Newspaper Chosen: PwC: Asian Retailers and Consumers are the Most Optimistic about
Economic Performance in 2018 | CFO innovation. (2018). CFO innovation. Retrieved 28 April
2018, from https://www.cfoinnovation.com/story/14333/pwc-asian-retailers-and-consumers-are-
most-optimistic-about-economic-performance-2018
Introduction
The economic scenario of a particular nation is indicative of the standard living as well as
the nation performance. Therefore the major concern for the governments is to protect the
interest of their domestic’s economy in the objectives is to establish a successful country. The
East Asian miracle encourages investment in management and industry by increasing savings
and reducing expenditure for long-term gains (Rizvi, Arshad & Alam, 2015).
Content
Asia pacific Economic Cooperation is held responsible for providing growth, trade,
cooperation and investment in the Asia-Pacific region. In the East Asian region, government
intervenes or regulates the banking sector. This also leads to provide limits on entry and
competition besides close monitoring.
In the recent times, major emphasis is given on the increase in human capital and
investment in education. The economic growth largely from the interaction of physical and
human capital facilitates in developing the economic condition. This helps in creating policies so
that the human capital can be easily matched with the technologically advanced capital. The
international trade of the economy is created through appropriate exchange rate policy and

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macroeconomic stability ("PwC: Asian Retailers and Consumers are the Most Optimistic about
Economic Performance in 2018 | CFO innovation", 2018).
The conglomerates in the Asia-Pacific business include Chaebol, Kierestu and
Konglomerat that are the various diversified groups of Korea, Japan and Indonesia. Maximum
growth is achieved through increased productivity, efficiency as well as investment in both
physical and human capital. There are several causes of the East Asian Crisis includes
inadequate regulated financial system, increased debt of the private sector firms and crony
capitalism (Zhu, Li & Li, 2014). Furthermore rapid financial market liberalization and currencies
being overvalued weakens the export competitiveness.
Conclusion
The economic fundamentals of Asia Pacific economies are highly strong due to high
investment and exports. East Asia, China and India are developing at a rapid rate which further
proves to be a favorable opportunity for the development of economic condition. In the near
future the development in the Asian region is assumed to be divergent.

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References:
PwC: Asian Retailers and Consumers are the Most Optimistic about Economic Performance in
2018 | CFO innovation. (2018). CFO innovation. Retrieved 28 April 2018, from
https://www.cfoinnovation.com/story/14333/pwc-asian-retailers-and-consumers-are-
most-optimistic-about-economic-performance-2018
Rizvi, S. A. R., Arshad, S., & Alam, N. (2015). Crises and contagion in Asia Pacific—Islamic
v/s conventional markets. Pacific-Basin Finance Journal, 34, 315-326.
Zhu, H. M., Li, R., & Li, S. (2014). Modelling dynamic dependence between crude oil prices and
Asia-Pacific stock market returns. International Review of Economics & Finance, 29,
208-223.