The Asia Pasific is Economically, The Faster Growing Region Globally, Do You Agree?

This is what pushes nations around the world—especially those in the Asia Pacific—to expand foreign investment through the development of digital technology, tourism, and numerous internationally recognized product brands. 

One of the causes of the crucial significance of Foreign Direct Investment (FDI) is because the proceeds or profits from foreign investment or foreign investment are used to facilitate sustainable development, increase economic growth and transfer production of digitalization of technology and some shares of multinational companies (Safira, 2010).

For the Asia-Pacific region to catch up with countries in Europe and the Middle East in terms of economic growth and sustainable development, foreign investment, also known as foreign Direct investment (FDI), is seen as a crucial component. By opening up free markets, boosting the tourism industry, and enhancing the globalization of local items or domestic brands, foreign investment is thought to be a very fulfilling alternative method of developing a much stronger economy.

The CEEC (Central Eastern and European Country) region benefits from the concentration of all economic income advantages from foreign investment in each nation's capital city area, which in turn enhances the region's economy and development. 

The Asia-Pacific region, on the other hand, has a desirable benefit in that there are numerous foreign investment opportunities that result from income from its geopolitical and geoeconomic conditions. 

The Asia-Pacific Region uses things like this to look for profitable chances in distribution goals, economic-political cooperation, and company expansion. It was established in the 1980s that the Asia-Pacific region's economy grew quickly, which attracted a significant number of foreign investors to invest in their businesses and build their operations there. 

Another piece of evidence came in 2019, when the Asia-Pacific region surpassed the previous year's prediction of 5.6 percent growth to become the region with the highest growth at the top of the global economy (Asian Economic Integration Report, 2017).

Conclusion

It is not just a boast to say that the Asia-Pacific region's economy is growing quickly and can keep up with that of the Middle East and Europe. This has been the case since the decade of 1967, when economic theorists first started slowly conducting academic activities in Japan. 

When the world started to experience changes in extremely rapid economic growth, it was noticeable that Europe and America were no longer the only centers of global economic progress and that it had instead spread to all regions of the world, including the Asia-Pacific region, which has its own distinctive characteristics. 

The economic growth expansion goals carried out by APEC (Asia Pacific Economic Corporation) at a high-level conference held in Bogor eventually led to the three pillars of the Asia-Pacific economy, namely Liberalization, Investment, and Development. Bilateral cooperation that takes place in the Asia-Pacific region and regional organizational bodies in the economic sector is a manifestation of this.