The world economic pattern in the 1990s and Asia-Pacific economic cooperation |
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Authors: | Min Shi |
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Institution: | 1.deputy director and professor of the Institute of Asia-Pacific Studies,
the Chinese Academy of Social Sciences, China ; |
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Abstract: | The world economic pattern of the 1990s will have many characteristics. For example: 1) the world economy will tend to move
further toward multipolarization and several fairly large regional economic blocs will be formed with these polars as their
center; 2) the United States, Japan, and Europe will play a dominant role in the new world economic pattern; and 3) the Asia-Pacific
economies will be the most vigorous part of the world economy. Since the 1980s, with the development of the internationalization
of the world economy and regional integration, Asia-Pacific economic cooperation has entered into a new period. However, it
is very difficult to form a close entity of economic cooperation (such as the EC) including the whole Asia-Pacific region.
Perhaps it is more practical to found a subregional economic cooperative body, such as a “Northeast Asian economic sphere,”
in the near future.
This article was originally prepared for a roundtable conference on “Economic Issues in the Northwest Pacific: Perspectives
in a Dramatically Changing World,” held December 14–16, 1990, in Oiso, Japan. The cosponsors of the conference were Taisho
Research Institute, the Japan Economic Foundation, and The American Council on Asian and Pacific Affairs. |
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Keywords: | |
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