The Asian share of the global economy is also increasing in terms of trade (Chart 8). In this regard, Japan’s “White Paper on the International Economy and Trade” published in 2011 provides an insightful analysis on the global trade structure. This Paper divides the world into six areas, that is, NAFTA, the EU, ASEAN, MERCOSUR, China and Japan (Chart 9).
The Kansas City Fed has helped lead on these issues through its “Grow Your Own” entrepreneurship-based economic development guidebook, and its 2018 Growing Entrepreneurial Communities Summit.4 These are just a few of the ways that Federal Reserve Banks and the Board of Governors support the efforts of community development organizations.