Since the last edition of this book was written in 2004, a number of changes have taken place in the Asia-Pacific region. Key among them include the enhanced economic contributions of economies in the region towards the global economic growth, the further emergence of significant emerging markets in the region (including China becoming the second-largest economy of the world and India becoming the third most important destination for global foreign direct investment [FDI]), the rapid emergence of multinational companies from emerging markets in the region (such as India and China), a strong resilience of the Asia-Pacific region against the present global economic crisis, rapidly growing centres of excellence in business and management ...
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