Countries of East Asia face a substantial challenge to sustain income growth and poverty reduction in today's competitive global economy, as they continue to recover from the 1997 financial crisis and to adapt to China's emergence as a major world and regional trader. But even as they make decisions about the pace and extent of change needed to compete in the new East Asia, governments also face fundamental challenges to ensure that the benefits of regional and global trade are shared more evenly, among and within countries and social groups.
| Trends in Regional Trade | | Emerging East Asia: share of world trade |  |
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