East Asia Trends. Phase Three. Topic A-17. Asean and the Pacific Economic Community,
Abstract
The emerging patterns of trade and investment in the past decade and a half increasingly delineates a regional Pacific rim state system with growing economic interdependencies having dual Japanese and American centers. Most projections indicate that these interdependencies will become even more pronounced in the future. The sense of vitality and intensity of the exchanges between the developed and developing capitalists and neocapitalist economies of the Pacific is caught up in the notion of the 21st century becoming the Pacific Era. At least three interrelated dynamics are work to reinforce this: (1) high economic growth rates in the Western Pacific; (2) an increasingly pronounced shift of economic activity from the Atlantic basin to the Pacific; and (3) the diffusion of intermediate and high technology throughout the region, including communications systems. This document states that the six nations of the Association of Southeast Asian Nations (ASEAN) are an integral part of the economic dynamics of the Pacific region. They experienced sustained high growth rates in the 1970s and, with the exception of the Philippines, have successfully weathered the recession of the early 1980s. Their performance since recovery demonstrates that the ASEAN economies can maturely adapt to changing conditions in the world environment and relatively high future growth rates for these countries can be expected.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1986
- Accession Number
- ADA177573
Entities
People
- Donald E. Weatherbee
Organizations
- foreign affairs ministry