(_!,) The creation of similar, mutually competitive export-oriented hydrocarbon-based capacities can be observed in a number of Arab States. Recent joint Arab ventures in petrochemicals and also in aluminium, iron and steel and ship-building in the Gulf subregion show that attempts are being made to better co-ordinate investments. Complementarity and regional industrial integration remain a crucial issue for the industrial development of Arab States. The capital resources of the large oil producers could be further combined with the labour skills available in, for instance, Egypt, Jordan, Morocco, Sudan, Syrian Arab Republic and Tunisia. Similarly, natural raw materials could be used to a greater extent in the build-up of industries for the regional market as a whole; In the industrially more advanced countries, more developing certain capital goods industries industries as well as industry related services. The Asia and Pacific Region weight is likely to be given to and selected high technology 29. In the Asia and Pacific region industrial growth has in the past been very rapid although growth performance has varied considerably in different areas owing to the very large size and heterogeneous nature of the region. The share of the Asia and Pacific developing countries in world MVA rose from 2.13 per cent in 1963 to 2.38 in 1973 and continued to grow to 3.74 per cent in 1983. Since the late 1970s, the growth momentum has slowed down and has not yet regained its previous level. New elements in the international economy and the effects of internal constraints will necessitate the formulation and implementation of fresh strategies and policies. 30. Toe industrialization efforts of many Asian countries have increasingly suffered from · Th1·s has 1·nvolved such aspects as the oil glut in the case of foreign exchange constraints. Indonesia, decreasing worker remittances coupled with declining cotton exports in ID/B/339 Page 11 
**Analysis**
The text primarily discusses the economic development of Arab States and the Asia-Pacific region, focusing on industrial growth, investment, and trade. It also touches on the potential for regional integration and cooperation to drive economic development.

**Category**
Economic development, Industry, International trade