• BLOG SURF
KATHMANDU, MAY 03
Asia and the Pacific is home to half the world's people–workers, consumers, entrepreneurs, travelers, citizens–and is on a path to represent one-half of global gross domestic product.
The region is set to be a global leader at the forefront of worldwide efforts to rebound from the pandemic and chart a path to future prosperity.
Its success with decades of growth and poverty reduction is due in large part to the international movement of trade, capital, people, knowledge, and resources.
This regional cooperation has allowed countries to pursue common development goals and address shared problems.
Asia and the Pacific has indeed suffered economic and social losses from the spread of COV- ID-19, yet a potentially much larger degree of damage was averted through prompt and sustained collaboration. And problems of access to credit and liquidity constraints were promptly addressed through trade finance programs.
Throughout Asia and the Pacific, there are examples of cooperation that have moved the region forward.
A version of this article appears in the print on May 4, 2021, of The Himalayan Times.