According to the IMF’s classification of capital account, 37 out of all 40 items have already achieved full or partial convertibility, accounting for 92.5%, leaving only 3 items to be opened.
If the countries which today are at the leading edge of the global value-added chain maintain their advantages in the development and production of technology-intensive goods and services, they can but profit from the low-cost products from Asia. It is not absolute but comparative cost advantages which decide the pecking order of economies and regions in the context of the international division of labour.