In other words, not every jurisdiction needs to produce each and every good that it requires. Already,  1  At end 2014, ASEAN GDP stood at $ France and UK were are $ and $ respectively while Brazil, Russia and India were at $ $ and $ respectively. 2  “Understanding ASEAN: Seven things you need to know”. McKinsey & Company. May 2014.
Through joint projects such as the one being undertaken by federations of savings banks to develop risk know-how and management systems, advanced risk management tools have also become available to smaller institutions.