By United Nations
The central coverage matters and demanding situations dealing with the zone over the subsequent yr are serious about the process oil costs, the danger of worldwide exterior fee imbalances unwinding precipitously, the effect of upper rates of interest and the opportunity of the avian influenza to become a human pandemic. Longer-term matters relate to the continued problem of poverty aid, using the advantages of domestic remittances to at the same time enhance social symptoms and macroeconomic basics, and re-energizing the exchange liberalization schedule following the 6th international alternate association Ministerial convention, held in Hong Kong, China, in December 2005.
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Additional resources for Economic and Social Survey of Asia and the Pacific 2006
The current outbreak is caused by the H5N1 strain. The infection is spread by migratory birds and mechanical vectors, such as contaminated cages and clothing. Crowded poultry markets exacerbate the problem. International trade in live poultry could also spread the disease. The main mode of transmission to humans has been exposure to infected birds; almost all cases have been traced to this mode or the handling of infected carcasses. Until recently, the current outbreak of avian influenza has affected mainly poultry in East and South-East Asia, although it has the potential to spread to humans under certain conditions.
Between 2002 and 2004, the value of imports by China from the rest of the world increased by more than $250 billion, compared with the United States ($320 billion) and Japan ($117 billion). In the same period, China increased its imports from the Asian and Pacific region by more than $100 billion, almost keeping pace with the United States ($106 billion) but outpacing Japan significantly ($60 billion). created in the industry and of significant price weakness. Countries that are major participants in this industry, for instance some of the economies of East and North-East and South-East Asia, are consequently prone to greater cyclical fluctuations in trade than others, a feature that would then feed backwards into domestic production.
United States financial markets, for example, intermediate between unrelated third-country savers and investors. 1 The major contributor has 1 Bank for International Settlements, BIS 75th Annual Report (Basel, BIS, 2005). 7 Economic and Social Survey of Asia and the Pacific 2006 been the Asian and Pacific region, especially China, the national saving rate of which has risen to more than 45 per cent of GDP. 6 per cent in 2004, again with much of the increase occurring in the Asian and Pacific region.