APEC to draft action plan for the new economy

APEC members must meet the emerging challenges posed by the new economy in order to maintain their economic growth, according to Mitsuru Taniuchi [CQ], the chair of the APEC Economic Committee.

In a report, the Economic Committee voiced several concerns about the digital divide -- the gap between people who have access to communications technologies and those who do not. The report revealed that there was a huge disparity in Internet use among APEC economies. For example, the proportion of Internet users as a share of total population in the US and Canada is between 100 and 200 times higher than in developing economies like China, Mexico and Thailand.

In the report, Taniuchi underscored the significance of entrepreneurship, saying that in times of strong technological change there is a great deal of scope for entrepreneurial individuals and small firms to steal a march on larger firms.

Over the last decade or two, it has been small firms who have created jobs in major economies in the world. By contrast, the number of jobs in larger firms has shrunk. A case study on Taiwan's SMEs (small and medium-sized enterprises) showed that its well-developed SMEs were the source of dynamism and an engine of growth for the Taiwanese economy, according to the report.

APEC brings together 21 nations that border the Asia-Pacific region: Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Republic of the Philippines, Russia, Singapore, Taiwan, Thailand, Vietnam and the US.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

David Legard

PC World
Show Comments


James Cook University - Master of Data Science Online Course

Learn more >


Sansai 6-Outlet Power Board + 4-Port USB Charging Station

Learn more >



Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?