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East Asia has been part of the globalisation trend that has brought development to the Asian region as a whole, and reduced the vast numbers of people who were living below the poverty line. Globalisation has occurred as firms around the world have continually reallocated labour and capital to new and different uses in response to changing regulations, trade barriers and business opportunities. Increasingly, the tasks that these firms perform can be moved with relative ease to a different country or a different firm with a totally dissimilar process of production. Naturally, the efficiency created through this transformation is the direct consequence of industrial relocation and transfer.

The global setting for Asian economic integration