But as we consider the impact of increased competition from Asia, it is important to remember that economic growth in Asia is lifting hundreds of millions of people out of poverty. That’s an absolute good. And it is a new source of opportunity, creating more demand for goods and services from the industrialized countries and thus providing a boost to global economic growth.
Healthy financial systems As our economies have become more open, we have also been reminded of the importance of a solid, efficient financial system. In any country, growing firms need access to credit from a sound, wellfunctioning financial sector, including a healthy banking sector.