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Asia-Pacific Economic Growth and Multilateralism
Par Choi Kinchong discusses the importance of multilateralism and free trade for global economic growth, emphasizing APEC's role and China's contribution.
French
China
EconomyTradeIndo PacificGrowthMultilateralismAsia
ApecKasikornbankImf
Par Choi Kinchong
- What challenges to global economic growth does Kinchong highlight?
- The article emphasizes the challenges posed by protectionism and trade barriers from Western economic powers, contrasting it with APEC's commitment to free and open trade and investment.
- What is China's role in global economic growth, according to the article?
- Kinchong points to China's significant contribution to global economic growth, averaging 8.9% annually from 1979 to 2023, and its crucial role in global supply chains.
- What is Kinchong's recommendation for APEC members to address economic challenges?
- Kinchong advocates for APEC members to strengthen mutually beneficial partnerships and uphold multilateralism to foster sustainable growth, stability, and prosperity for the Asia-Pacific and the global economy.
- What are the key factors contributing to the Asia-Pacific region's economic potential?
- The Asia-Pacific region's economic potential is substantial due to its resources, tourism, dynamic markets, and expanding digital economy, the IMF predicting 5.3% growth in emerging Asia in 2024.
- What is the main argument presented by Par Choi Kinchong regarding global economic growth?
- Par Choi Kinchong highlights the importance of multilateralism and free trade for successful global economic growth, emphasizing APEC's role in promoting these principles in the Asia-Pacific region.