When we look at Asia, the  BIS central bankers’ speeches  1  growth of its intra-regional trade in the last decade has been quite inspirational and has helped in building new channels of growth. These have indeed helped Asia to sustain its growth momentum in these challenging times and contain the spillover effects of lacklustre economic performance in traditional markets.
Africa, too, is gearing up its regional market, which has an immense potential. But Africa has a big infrastructural disadvantage – countries throughout the continent are not well-connected. Steady advances in regional integration and services will surely enable the move from overseas trade to trade between countries and across regions. Increasingly, Africa is making use of available technology to make progress on inclusive growth.