Asia Regional Integration Center

Digitalization contributes to resilient remittance inflows, setting the path to lower remittance costs and greater financial inclusion.

Trade and financial transactions continue being performed largely in US dollars. Over three-fourths of trade are in US dollars, while roughly 50% of financial transactions are in US dollars.

Nonresident capital inflows in Asia and the Pacific have doubled in the last decade, with notable changes in the composition and patterns of capital flows.

Producing semiconductors are highly specialized and geographically concentrated, rendering the sector vulnerable to supply chain disruptions. To ensure supply, an enabling environment research and development (R&D), investments, and skills development are key areas of government intervention.

RCEP is the most ambitious application of a rules-based trading system among economies in Asia and the Pacific.

Remittance inflows to Asia and the Pacific displayed resilience despite the pandemic, propping up limited fiscal space and providing a lifeline to many affected households in the region. Several factors have contributed to this, as explained in Chapter 5 of the AEIR 2022.