Lee Kuan Yew offers U.S. some advice on Asia policy

Article Abstract:

Singaporean senior minister Lee Kuan Yew feels that a triangular Asian- Pacific relationship will rest mainly on the US-Sino relations even as he urges the US to adopt a strategy of engagement regarding China. The Nixon Center for Peace and Freedom Awardee also advised the US to give incentives to China to help it evolve into a major power. However, Lee cautions that China is an old civilization and is not easily cowed by external threats. On the other hand, he warned China against asserting its hegemony to avoid alarming the whole Asian region.

China, International aspects, Practice, Asia, Chinese foreign relations, United States foreign relations, Lee Kuan Yew

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U.S. frustration mounts as transplants from Japan purchase car parts at home

Article Abstract:

Japanese automotive manufacturers in the US continue to secure needed parts from Japan, an activity which the Clinton administration has minimal control. The substantial presence of Japanese transplants in the US has not cut the US' automotive trade deficit with Japan, which has risen from $30.8 billion in 1990 to a projected $39.4 billion for 1995. Deficit in automotive parts has also increased from $9.6 billion in 1990 to a projected $14.2 billion for 1995.

Motor Vehicles & Parts, Transportation Equipment Manufacturing, Motor Vehicles and Equipment, Japan, International trade, Automobile industry

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Road to OECD door gets shorter for South Korea

Article Abstract:

South Korea's bid to become a member of the Organization for Economic Cooperation and Development (OECD) received a boost when it got a positive rating from the group's two most important examining bodies. Sources disclosed that some issues concerning labor and environmental practices will still have to be resolved but it is likely that South Korea will become the OECD's 29th member before the end of 1996.

South Korea, Economic policy, Membership, Organization for Economic Cooperation and Development

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