Regional Economic Integration Essay Example | Topics and Well Written Essays - 500 words

Regional Economic Integration - Essay Example Indonesian economy is rapidly developing; it is the largest economy of South Asia nowadays. The country’s GDP is 14, 4% in agricultural sector, 48, 1% - industry, and service sector is 37, 5% (according to 2009 data). All the countries mentioned above appear to be competing as they produce and export similar goods. At the given time period these Asian countries’ economy is attractive for foreign investors. Still, the business in tourism and oil refining branch remain the most profitable and prosperous nowadays, thus this fact makes these branches interesting to the potential investors. As for Taiwan economy, financial sector is also worth to invest in. Key words: regional economic integration, the GDP, economic sector, competition, foreign investment. The Asian countries keep their economic development. The economic miracle known as â€Å"the leap of Asian tigers†, unfortunately, affected not all Asian countries. Though the economy of these countries is rapidly d eveloping, according to the experts’ assessments, 16, 3 per cent of people still remain below poverty line. The Philippine economy is a combination of agriculture (24, 9%), light industry (29, 1%) and the sector of related services (51, 1%).