Word: economice
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In the past, government and business leaders gathering for meetings of the Asia-Pacific Economic Cooperation (APEC) forum had to resort to collective fashion blunders to demonstrate unity. Representatives of this diverse group of 21 Asia-Pacific nations, who together represent roughly 40% of the world's population and 54...
This year, outlandish costumes won't be necessary to unite the group when they meet Nov. 12-13 in Singapore. The global financial crisis has already done it for them. As Asia searches for a new growth engine to replace the economically sputtering U.S., and as the U.S. looks increasingly...
The anxiety over APEC's economic future has rejuvenated an idea once dismissed as unwieldy and unrealistic: the knitting together of a free-trade zone, similar to the European Union, straddling the Asia-Pacific region. Proposed by APEC's Business Advisory Council, this zone would include most of Asia (but...
The logic for closer Asian economic integration is becoming more compelling as intraregional trade becomes more important when compared with Asia's trade with the West. According to HSBC, the share of Asia's exports to the U.S. and Europe declined to 30% of the regional total in 2008, down...
An Asian free-trade zone would aid economic growth by cutting import duties and eliminating the murky morass of trade barriers that impedes commerce. A model to emulate would be the establishment of the E.U., which made it far easier for companies to import and export their goods within Europe...