Word: wignaraja
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...August. Nineteen of those FTAs are among 16 Asian economies, a trend that could help the region become a powerful trading bloc. "Asian integration is sort of a dream, but it is much more realistic than it was before," says Ganeshan Wignaraja, an ADB economist. "There is a move toward making a better business environment in Asia. The momentum is quite strong." (See pictures of the global financial crisis...
...Still, the benefits of greater regional integration could prove powerful enough to overcome the roadblocks. The ADB's Wignaraja foresees Asia becoming a NAFTA-like free-trade zone within the next 10 years. "In Asia, the only thing everyone agrees upon is business," he says. "In the end, pragmatism will prevail." If it does, the world economy may never be the same...
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