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Unleashing the tiger: market forces are driving the Asian nations toward open economies and free trade

Article Abstract:

Changes within the Asia-Pacific market have been the prime movers toward greater economic liberalization and free trade. Countries within the region have become more hard-pressed to compete for capital investments from the US and Japanese. Moreover, they have begun to experience strong pressures to enhance technology and address key economic issues such as labor migration and skilled labor shortages. In support of these changes, the US should strive to provide adequate supports for Asian products to allow them to compete effectively against subsidized products from Japan and Europe.

Pacific Area

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Global economies need freedom, not intervention

Article Abstract:

The world economy needs less intervention in order to more ably work toward a healthier economy. Thus, the proposal presented by US financier and philanthropist George Soros to create another international agency that would set limits for international loans lacks viability. The so-called Asian Tigers realized their economic prosperities because they made less intervention, and not because they were perfect free marketeers.

Administration of General Economic Programs, Intnl Economic Policy, Evaluation, Column, International economic relations, Free enterprise

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Japan and U.S. should act as supportive anchors to APEC

Article Abstract:

The success and prosperity of the Asia-Pacific Economic Cooperation (APEC) depend largely on the cooperation of the US and Japan. The recent APEC summit in the Philippines indicated a willingness by the US and Japan to relax their 2010 ad 2020 deadlines for comprehensive, APEC-wide free trade. This is designed to assure APEC's smaller members that the free trade goal will not put them at a disadvantage.

Analysis, Japan, International relations, International trade, Asia-Pacific Economic Cooperation

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