Asia-Pacific miracle: Exports, savings and absorptive capacity
Asia-Pacific miracle: Exports, savings and absorptive capacity
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What has driven the "Asia-Pacific miracle" in recent decades? Krzysztof Pelc, a professor at Korea University and University of Oxford, cites three factors: export-oriented economies, high savings and a high absorptive capacity. With APEC about to convene in South Korea, Professor Pelc believes the institution will serve as an ideal platform for achieving positive outcomes despite the global trade tensions, thanks to its consensus-based structure, rather than binding treaties. #APEC #APEC2025 #A
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