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The primary emphasis of the Asia Pacific Development Journal is the publishing of based, policy-oriented articles that can engage the attention of policy makers, academicians, and researchers. The articles analyze development issues and problems relevant to the Asia-Pacific region. This issue discusses the following topics: bond markets in the Pacific rim; developing debt markets in Singapore; developing bond markets to diversify long-term development finance; SME subcontracting as a bridgehead to competitiveness; human resource competitiveness; and inflow of foreign direct investment to the ASEAN region. The Journal is issued twice a year.