Asia-Pacific

Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean. Asia-Pacific varies in area depending on context, but it generally includes East Asia, South Asia, Southeast Asia, and Oceania.

The term may also include parts of Russia (on the North Pacific) and countries in the Americas which are on the coast of the Eastern Pacific Ocean; the Asia-Pacific Economic Cooperation, for example, includes Canada, Chile, Russia, Mexico, Peru and the United States. Alternatively, the term sometimes comprises all of Asia and Australasia as well as Pacific island nations (Asia Pacific and Australian continent)—for example, when dividing the world into large regions for commercial purposes (e.g., into the Americas, EMEA and Asia Pacific) Western Asia is almost never included.

On the whole, there is no clear-cut definition of “Asia-Pacific”, and the regions included change depending on the context. The term has become popular since the late 1980s in commerce, finance and politics. Despite the heterogeneity of the regions’ economies, most individual nations within the zone are emerging markets experiencing rapid growth. (Compare the concept/acronym APEJ or APeJ—Asia-Pacific excluding Japan.)

Asia-Pacific is now the leading region of economic growth in the world and is enduring 5G & IoT digital revolution across the region.