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The annual Bulletin examines the effects on the region's outbreak of the SARS epidemic, trade expansion in the region and implications for SME financing. It provides an assessment of the most recent developments in the global economy and their impact and implications for various economies or groups within the ESCAP region. The articles in the Bulletin provide a perspective on some of the major policy challenges facing countries in managing stable and equitable economic growth and social development against the backdrop of the Millennium Development Goals as set forth by world leaders in 2000 as well as unexpected, adverse external shocks.

This issue of the Bulletin therefore embodies the ongoing and concerted efforts that are being made to enhance the role and relevance of the secretariat the ESCAP region. I. Global and regional economic developments: implications and prospects for the ESCAP region (Shahid Ahmed, ESCAP secretariat) II. China’s economic rise: implications for East Asian growth and integration (John Wong) III. South-East Asia and East Asian community: the nucleus of binding glues (Djisman S. Simandjuntak) IV. Business process outsourcing: impact and implications (Biswajit Nag) V. A perspective on entrepreneurship, intellectual property creation, enterprise development and competitiveness in ASEAN (N.V. Lam, ESCAP secretariat) VI. Food security: a development issue for Pacific island countries (Marin Yari, ESCAP secretariat and Ron Duncan) VII. Poverty in countries of Central Asia (Amarakoon Bandara, Muhammad Hussain Malik and Eugene Gherman, ESCAP secretariat)

Bulletin on Asia-Pacific Perspectives 2004/2005: Asia-Pacific Economies: Living with High Oil Prices?
I. Global and regional economic developments: implications and prospects for the ESCAP region (Shahid Ahmed, ESCAP secretariat)
II. China’s economic rise: implications for East Asian growth and integration (John Wong)
III. South-East Asia and East Asian community: the nucleus of binding glues (Djisman S. Simandjuntak)
IV. Business process outsourcing: impact and implications (Biswajit Nag)
V. A perspective on entrepreneurship, intellectual property creation, enterprise development and competitiveness in ASEAN (N.V. Lam, ESCAP secretariat)
VI. Food security: a development issue for Pacific island countries (Marin Yari, ESCAP secretariat and Ron Duncan)
VII. Poverty in countries of Central Asia (Amarakoon Bandara, Muhammad Hussain Malik and Eugene Gherman, ESCAP secretariat)