Asia–Pacific
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The Asia–Pacific (APAC) also known as Indo-Pacific is the region of the world adjoining the western Pacific Ocean and consisting of the second half of the Old World. The region's precise boundaries vary depending on context, but countries and territories in Australasia, East Asia, and Southeast Asia are often included. In a wider context, Central Asia, North Asia, the Pacific Islands, South Asia, West Asia (including the Arabian Peninsula and the Levant), and even Pacific-adjoining countries in the Americas can be included. For example, the Asia-Pacific Economic Cooperation (APEC) includes five economies (Canada, Chile, Mexico, Peru, and the United States) in the New World (more standardly referred to as the Western Hemisphere). The term has become popular since the late 1980s in commerce, finance, and politics. Despite the heterogeneity of the regions' economies, most individual nations within the zone are emerging markets experiencing significant growth. Sometimes, the notion of "Asia–Pacific excluding Japan" (APEJ) is considered useful.[1][2]
Related regions
- Central and Eastern Asia (CEA)
- Eastern Asia – some companies separate their Eastern Asian business from the rest of Asia, and refer to the Oriental region separately from the Western/Central Asia region
- Pacific Asia - specifically the Pacific-bordering regions of Asia
- Oceania
- South-eastern Asia
- Southern Asia
- Western Asia
List of countries and territories by subregion
In accordance with the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Asia–Pacific region includes a total of 51 countries and 7 territories grouped into 5 subregions:[3]
- East and North East Asia (ENEA)
- North and Central Asia (NCA)
- Template:Country data Armenia
- Template:Country data Azerbaijan
- Template:Country data Georgia
- Template:Country data Kazakhstan
- Template:Country data Kyrgyzstan
- Template:Country data Russian Federation
- Template:Country data Tajikistan
- Template:Country data Turkmenistan
- Template:Country data Uzbekistan
- South and South West Asia (SSWA)
- Template:Country data Afghanistan
- Template:Country data Bangladesh
- Template:Country data Bhutan
- Template:Country data India
- Template:Country data Iran (Islamic Republic of)
- Template:Country data Maldives
- Template:Country data Nepal
- Template:Country data Pakistan
- Template:Country data Sri Lanka
- Template:Country data Turkey
- South East Asia (SEA) – ASEAN
- Template:Country data Brunei Darussalam
- Template:Country data Cambodia
- Template:Country data Indonesia
- Template:Country data Laos
- Template:Country data Malaysia
- Template:Country data Myanmar
- Template:Country data Philippines
- Template:Country data Singapore
- Template:Country data Thailand
- Template:Country data Timor-Leste (East Timor) Not part of ASEAN
- Template:Country data Vietnam
- The Pacific (PACIFIC)
- Template:Country data American Samoa (United States)
- Template:Country data Australia
- Template:Country data Cook Islands
- Template:Country data Fiji
- Template:Country data French Polynesia (France)
- Template:Country data Guam (United States)
- Template:Country data Kiribati
- Template:Country data Marshall Islands
- Template:Country data Micronesia
- Template:Country data Nauru
- Template:Country data New Caledonia (France)
- Template:Country data New Zealand
- Template:Country data Niue
- Template:Country data Northern Mariana Islands (United States)
- Template:Country data Palau
- Template:Country data Papua New Guinea
- Template:Country data Samoa
- Template:Country data Solomon Islands
- Template:Country data Tonga
- Template:Country data Tuvalu
- Template:Country data Vanuatu
In a wider context, the following countries and territories can also be included in the Asia–Pacific region:
- Asia
- Template:Country data Bahrain
- Template:Country data British Indian Ocean Territory (United Kingdom)
- Template:Country data Taiwan (Taiwan)
- Template:Country data Cyprus
- Template:Country data Iraq
- Template:Country data Israel
- Template:Country data Jordan
- Template:Country data Kurdistan
- Template:Country data Kuwait
- Template:Country data Lebanon
- Template:Country data Oman
- Template:Country data Palestine
- Template:Country data Qatar
- Template:Country data Saudi Arabia
- Template:Country data Syria
- Template:Country data United Arab Emirates
- Template:Country data Yemen
- Oceania
- Template:Country data Baker Island (United States)
- Template:Country data Bougainville
- Template:Country data Christmas Island (Australia)
- Template:Country data Clipperton Island (France)
- Template:Country data Cocos (Keeling) Islands (Australia)
- Template:Country data Coral Sea Islands (Australia)
- Template:Country data Ashmore and Cartier Islands (Australia)
- Template:Country data Heard Island and McDonald Islands (Australia)
- Template:Country data Howland Island (United States)
- Template:Country data Jarvis Island (United States)
- Template:Country data Johnston Atoll (United States)
- Template:Country data Kingman Reef (United States)
- Template:Country data Midway Atoll (United States)
- Template:Country data Norfolk Island (Australia)
- Template:Country data Palmyra Atoll (United States)
- Template:Country data Pitcairn Islands (United Kingdom)
- Template:Country data Tokelau (New Zealand)
- Template:Country data Torres Strait Islands (Australia)
- Template:Country data Wake Island (United States)
- Template:Country data Wallis and Futuna (France)
- Template:Country data Chuuk State (Micronesia)
- Template:Country data Easter Island (Chile)
- Template:Country data Isla Salas y Gómez (Chile)
Economic overview
The World Bank's April 2024 update indicates that the growth rate for the Asia-Pacific region, excluding China, is expected to slightly increase to 4.6% in 2024, up from 4.4% in 2023. This underscores a diverse economic resilience against global pressures. Meanwhile, global trade growth, which was minimal at 0.2% in 2023, is projected to improve to 2.3% in 2024, crucial for the region's export-oriented economies. However, private investment remains below pre-pandemic levels due to higher debt levels and rising interest rates, signaling a cautious investment climate. The region faces significant challenges from both external factors, such as high core inflation and modest global trade recovery, and domestic issues like increased debt and political uncertainties, potentially hindering economic growth. Additionally, a hypothetical 1% decline in GDP growth in the US or China could reduce GDP growth in other developing Asia-Pacific economies by approximately 0.5% and 0.3%, respectively. The increase in trade-distorting measures, which have tripled since 2019 among G-20 countries, reflects a trend towards protective industrial policies, although other East Asia-Pacific countries, except for China and Indonesia, have been less involved in these measures.[4][5]
See also
- Asia-Pacific Union
- Asia-Pacific Economic Cooperation (APEC)
- Asia Pacific Forum
- Asia Pacific Foundation of Canada
- Asia-Pacific Network Information Centre (APNIC)
- Asia Society
- Asian Century
- Pacific Century
- China Rim
- East Asia Summit
- East-West dichotomy
- Free and Open Indo-Pacific
- Indo-Pacific
- List of country groupings (including AMEA and AMER)
- Oceania
- Pivot to Asia
- South Asian Association for Regional Cooperation (SAARC)
- Valeriepieris circle
References
External links
- APEC official website
- The Asia Pacific Foundation of Canada
- Asia Pacific Indigenous Youth Network (APIYN)
- BBC Asia-Pacific Template:Webarchive
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- ↑ World Bank. (2024). Firm Foundations of Growth: East Asia and the Pacific Economic Update April 2024. Retrieved April 11, 2024, from https://doi.org/10.1596/978-1-4648-2102-8