This paper examines the region's growing importance in commerce written prior to the Obama administration's new partnership with Australia.
Below is a brief overview of the introduciton and a link to the full paper.
The Asia-Oceania region, which includes New Zealand, is fast becoming the single largest economic region of the world. In 2020 the region is projected to account for 43.2 percent of world gross domestic product (GDP), compared with 37.5 percent in 2005. Regional foreign direct investments (FDI) is projected to increase from 11.4 percent in 2005 to 20 percent in 2020 and 90 percent of the populations in developing economies within the region are expected to move upward into a middle income status.
It’s also projected that the annual global share of e-Commerce benefits will be $3.8 trillion by 2020. New Zealand is in a position to see, participate in and influence market efficiency in the region as demand from global electronic commerce (e-Commerce) increases in the region’s developing economies. The capacity for the nation to capitalise on long term growth in e-Commerce will depend on its ability to adopt and integrate the newer technological innovations. "