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Key
to a Common Currency Mamoru Ishida (Guest fellow, The Institute of Asia-Pacific Studies, Zhengzhou University, China, and Adviser, IItochu Corp) The Japan Times |
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Creeping
Unification Newsweek, USA |
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Asia,
A Positive Force in World Economy Indo Asian News Service |
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The
Emerging Bay of Bengal Donald L Berlin (Professor of international relations at the Asia-Pacific Center for Security Studies in Honolulu) The Asia Times |
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Lineage
of the Asian Community Concept George Sioris (President Emeritus, Asiatic Society of Japan) The Japan Times |
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A
Vision for Asia P. S Suryanarayana The Frontline |
Key
to a Common Currency
Mamoru Ishida
The Japan Times
January 31, 2005
This year a summit of ASEAN plus China, South Korea and Japan is to
be held to discuss an East Asian community. The idea is to institutionalize
de facto economic integration and to promote further economic development
and security.
Essential to regional economic development is an Asian currency system aimed at controlling exchange-market volatility. A common Asian currency would eliminate exchange-rate fluctuations in the region and facilitate trade and investment.
At present, ASEAN currencies are either pegged to the dollar or to a basket of currencies in which the dollar is dominant. So it wouldn't be hard for ASEAN and China to shift to a common currency basket in the leadup to a common currency.
Click here to read further: http://www.japantimes.co.jp/cgi-bin/geted.pl5?eo20050131a1.htm
Newsweek,
USA
January 29, 2005
Asian governments are taking subtle steps toward a financial union that echoes the unification of Europe. True, an Asian central bank and unified currency could be more than a decade away, but financial integration is accelerating. Asian central banks are already moving to pool cash reserves in order to help bail out regional economies in times of crisis. Asian debt markets are starting to issue bonds in local currencies, rather than the dollar, while Asian stock exchanges have started to sell shares in companies from neighboring countries.
Click here to read further: http://msnbc.msn.com/id/6884664/site/newsweek/
Asia,
A Positive Force in World Economy
Indo Asian News Service
January 29, 2005
With
its dynamic model of cooperation, Asia has become a positive force on
the rise in the world economy, a senior Chinese official said at the
World Economic Forum (WEF), reports Xinhua.
Chinese Assistant Foreign Minister Shen Guofang said the development
in Asia, which has drawn worldwide attention amid growing globalisation
and regional integration, has three features.
Click here to read further: http://www.eians.com/stories/2005/01/29/29asia.shtml#
The
Emerging Bay of Bengal
Donald L Berlin
The Asia Times
January 25, 2005
The
Bay of Bengal basin, the Indian Ocean zone most ravaged by December's
tsunami, is fast becoming a more integrated and well-defined strategic
and economic arena.
Most recent were agreements this past month among India, Bangladesh
and Myanmar affirming their intention to cooperate in natural gas exploration
and to build a gas pipeline, the "Eastern Corridor Pipeline",
from India, through Bangladesh, to Myanmar.
Click here to read further: http://www.atimes.com/atimes/South_Asia/GA25Df05.html
Lineage
of the Asian Community Concept
George Sioris
The Japan Times
January 24, 2005
Last fall the embryonic concept of an Asian community appeared to gain some momentum. Now, of course, other topics, mainly the tragedy of the Dec. 26 tsunamis, have monopolized public attention, but the vision of a broader Asian community deserves further discussion.
Since the Asian community concept appears to have roots in the past, and as such is not a new initiative, I would like to offer a small historical insight that may not be known to everyone interested in this issue.
Click here to read further: http://www.japantimes.co.jp/cgi-bin/geted.pl5?eo20050124a1.htm
A
Vision for Asia
P. S Suryanarayana
The Frontline
Volume 22, Issue 01 (2005)
A "Revolution of rising expectations" or, simply, the idea of win-win inter-state cooperation is sweeping across much of East Asia as the region looks for a new architecture of "shared prosperity" for the countries concerned.
The vision is based on the recognition by the Association of South East Asian Nations (ASEAN), at its summit with China, Japan and South Korea in Vientiane on November 29, that "the establishment of an East Asian Community is a long-term objective". The leaders of these countries "reaffirmed the role of [the] ASEAN+3 process as the main vehicle for the eventual establishment of an East Asian Community". The ASEAN+3 forum consists of all 10 member-states of the ASEAN, and China, Japan and South Korea.
India's new initiative for the formation of a wider "Asian Economic Community", in the fullness of time for obvious reasons, acquires importance against such a background. Surprisingly, the ASEAN Chairman's statement, issued at the conclusion of its third summit with India in Vientiane on November 30, was silent on Prime Minister Manmohan Singh's proposal for an "Asian Economic Community".
Click here to read further: http://www.hinduonnet.com/thehindu/thscrip/print.pl?file=20050114000406000.htm&date=fl2201/&prd=fline&
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