Supporting by Asian governments
Asian governments are supporting these trends by
i) investing in education and infrastructure,
ii) offering favorable tax and regulatory treatment, and
iii)reducing tariffs and other barriers.
These measures, as well as Asia's underlying attractiveness, are helping to facilitate record numbers of cross-border transactions as well as rising trade and investment flows into the region.
After the 97 implosion, Asian countries are
i) a lot friendlier to one another, and
ii) there is renewed need for more cross-border trade,
iii) cooperation and inter-dependency among Asian countries.
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