Role of Regional Cooperation

This publication contains two papers that examine emerging issues in the field of business development among the developing Asia-Pacific countries and suggest some possibilities for regional cooperation in Asia and the Pacific. The first paper explores a role for regional (and subregional) cooperation in support of pro-business regulatory reform in Asia and the Pacific, and recommends some specific areas to explore further by the developing countries and donor agencies, where specific technical assistance must be provided to support such reform. The second paper provides an overview of the current trend of increasing South-South foreign direct investment (FDI) flows in Asia, specifically South, East and South-East Asia, as well as current policies and strategies related to inward and outward FDI.