The challenge we all face is how to gain the advantages of the new technologies without being swamped by their other consequences - such as the enhanced mobility of capital, of goods, ideas, skills, people and resources generally.
This poses challenges to some EMEAP economies and particularly some smaller nations in the Pacific area. We are working individually and collectively to try to address this challenging situation. One other noteworthy development is that several EMEAP members are collaborating with the Bank for International Settlements (BIS) Innovation Hub and each other to develop bilateral and multilateral linking of real-time retail payments systems.