Asia Pacific is a vast pool of natural, human and technological resources. Southea is rich in many raw materials, both mineral (bauxite, tin, manganese, natun petroleum) and agricultural (timber, palm oil, rubber, fisheries, cocoa, coconuts region also enjoys a comparative advantage in terms of labour. Asian govert realized this in the 1960s and created export processing zones to attract
investment. The first industrial estates, located in Singapore, Korea, Malaysia, Ind the Philippines and Taiwan, served as models for China's Special Economic (SEZs). While productivity and discipline may vary, wages are far lower than ' standards and these zones have attracted labour-intensive industries as dive electronic assembly, textiles, and shoe manufacturing.
Technology is another key resource. Until recently, Japan was the only country where Western firms wanted to set up research and development centres. This is no longer the case: a Scientific Park opened at Hsinchu in Tai 1980, followed by one at Kent Ridge in Singapore (1984.. These parks infrastructure and skilled personnel at lower costs to attract Western re laboratories.
These resources all add to the region's appeal in terms of cost, quality, tin flexibility - the four major dimensions of competitive advantage. For example, found that a printing plant in Singapore had higher productivity (by 30%), faster market (over 50%), better quality (10-15%) and two or three times more models similar facility in the USA.
The importance of Asia Pacific as a resource base : Learning from Strategy Management article from Strategy Learning Catagory The importance of Asia Pacific as a resource base
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