Asia-Pacific (APAC) has been the world's most dynamic emerging area of economic development and trade in recent decades. This study reveals the significant and imbalanced environmental and socio-economic effects of the region's growth during 1995–2015. Owing to intra-regional trade, APAC economies became increasingly interdependent in resource use, emissions, and labor, while environmental and economic disparity widened. APAC played a significant role in globalization, engaging in 50–71% of virtual flows embodied in international trade by 2015. While the region's final demand and trade became less resource- and emissions-intensive, predominantly due to China's transformations, APAC still lagged behind global averages. More joint efforts and attention to sustainable transformation are needed.
Publisher
Nature Communications
Published On
Sep 08, 2020
Authors
Lan Yang, Yutao Wang, Ranran Wang, Jiří Jaromír Klemeš, Cecília Maria Villas Bôas de Almeida, Mingzhou Jin, Xinzhu Zheng, Yuanbo Qiao
Tags
Asia-Pacific
economic development
environmental impact
socio-economic effects
globalization
sustainability
trade
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