The rise in trade for manufactured parts and components is assisting East Asia in riding the growth of currency in the forex market while forcing better integration within economies.
"This burgeoning 'trade in tasks' is less sensitive to real exchange movements than exports of primary commodities or finished manufactured goods," according to an Asian Development Outlook report released by a Philippines-based lender.
"This burgeoning 'trade in tasks' is less sensitive to real exchange movements than exports of primary commodities or finished manufactured goods," according to an Asian Development Outlook report released by a Philippines-based lender.
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