How has the Asia-Pacific region benefitted from industrialisation? 300 words approx
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VIENNA/BANGKOK, 21 May 2015 – The role of inclusive and sustainable industrial development in the post-2015 development agenda was discussed today at a side-event which took place during the Asia Pacific Forum on Sustainable Development being hosted by the United Nations Economic and Social Commission for Asia and the Pacific in Bangkok.
Organized by the United Nations Industrial Development (UNIDO), the discussion at the side-event brought together participants from Bangladesh, China, Thailand and Viet Nam, including representatives from the ministries of industry, academia and other international agencies.
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Asia and the Pacific’s unrelenting industrial development has been a driving force in the economic growth of scores of countries in the region and beyond. This shift has led to greater prosperity, increased urbanization and sustained population growth. Yet as the region has become the “world’s factory”, it is increasingly realizing not only the benefits but the challenges of industrial development. These challenges are often environmental in nature. The 6th Global Environment Outlook, showed us that sustainable development was at risk from a number of factors. This report, a special product of GEO-6, further examines how these environmental problems are caused - and can be addressed - by the region’s rapid industrialization.
The Asia-Pacific region accounts for almost 37% of world GDP at purchasing power parity. Moreover, it also comprises some of the most dynamic economies in the world. The contribution to global growth of emerging Asia alone, perhaps the most dynamic economic area of the world, reached around 40% last year.
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