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Reforms
would help stabilise Asia’s bond markets
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Asia's
Trade Blocks |
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Confident
Asia ready to take on the US, Europe
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Asia
searches for security in trade |
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Asian
currency unit still a dream |
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East
Asia exposes the limits of the regional |
As
the 10th anniversary of the Asia crisis that began in 1997 approaches,
it is timely to consider whether such a shock could recur. The question
seems moot in the current climate. The Asian economic boom shows
no sign of abating, current accounts are mostly in substantial surplus
and most governments have bolstered their external positions with
unprecedented reserves. click
here to read further :
When U.S. President George W. Bush lands in Hanoi today for the annual Asia-Pacific Economic Cooperation summit meeting, he will call for a study into establishing a "Free Trade Area of Asia and the Pacific." This proposed FTAAP, which would encompass approximately 60% of global GDP and 40% of the world's population, would be the largest FTA ever conceived. There are at least two incentives for the White House to pursue an FTAAP: first, to restore and bolster Mr. Bush's trade legacy; second, to kick-start global trade negotiations. As a tactical matter, an FTAAP would presumably signal to America's trade partners in Europe, India and Brazil that the U.S. has alternatives to the World Trade Organization. That's roughly similar to Washington's approach in 1993, when its goal was to revive the Uruguay Trade Round. click
here to read further :
It is the fastest-growing economy in the region after China and raring to go. It is no longer the country the Americans had bombed and destroyed everything, except the will and the determination of the people. The increased confidence in Vietnam, the dynamism and determination of its people is also a reflection of the mood in East Asia. With growing linkages within the region, Bush will find Asia a different region, one becoming less dependent on the United States, looking to itself and with emerging powers such as India and China ready to take up the slack of the Americans and power the world economy. Click here to read further : http://www.nst.com.my/Current_News/nst/Friday/Columns/20061117080923/Article/index_html
It is the fastest-growing economy in the region after China and raring to go. It is no longer the country the Americans had bombed and destroyed everything, except the will and the determination of the people. The increased confidence in Vietnam, the dynamism and determination of its people is also a reflection of the mood in East Asia. With growing linkages within the region, Bush will find Asia a different region, one becoming less dependent on the United States, looking to itself and with emerging powers such as India and China ready to take up the slack of the Americans and power the world economy. Click here to read further : http://www.nst.com.my/Current_News/nst/Friday/Columns/20061117080923/Article/index_html
Southeast
Asia lies at the heart of a growing web of free-trade agreements
being spun for Asia by leaders afraid of being left out. This is
a grand mess in the making, threatening to tie trade in a massive
knot rather than cut costs and red tape. That matters less than
might be expected, because trade deals are often crafted to build
confidence on a continent still lacking robust security institutions.
It
was recently reported that the Asian Development Bank would formulate
a conceptual currency unit based on a package of Asian currencies
in order to promote regional economic cooperation and development.
This drew a series of reports on an "Asian Yuan".
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