Book excerpt: This report explores how Asia and the Pacific can capitalize on growing opportunities in digital services through structural reforms and international cooperation. Another year into the coronavirus disease (COVID-19) pandemic, the report describes an Asia and Pacific region that has more experience in tackling pandemic hardships, better data showing positive integration trends, and greater confidence in regional cooperation to address shared concerns. The publication gives an overview of changes in trade and global value chains, cross-border investment, financial integration, and the movement of people since the pandemic began.