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The state government and WA's economic future in the Indo-Pacific

Publisher
International trade Economic development Economic forecasting Western Australia Indo-Pacific Region
Description

The emergence of India as a major economic partner, and the continuing modernisation of Indonesia, Vietnam and wider ASEAN, means the Indo-Pacific has become the global economy's most dynamic region. As a trade-intensive and capital-importing state, Western Australia must take active steps to participate in the economic rise of its Indo-Pacific neighbours. Time-zone and geographic proximity alone will not guarantee WA has deep economic partnerships with these countries. To ensure WA realises economic opportunities in the Indo-Pacific, the state government should orient its international engagement towards the emerging global growth countries of India, Indonesia, Vietnam and wider ASEAN.

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