United States Pacific Command, Asia-Pacific Economic Update.
Abstract
This year's Economic Update attempts to contribute to a Pacific Command perspective on the economic challenges confronting the Asia Pacific. Section 1 provides an overview of the causes and consequences of the economic crisis, points to some of the political and security implications, and discusses the role of U.S. policy in helping the region to manage the challenges ahead. Section II offers a description of dynamic growth in the Asia-Pacific region over the last quarter century and a summary of trade and investment, which continue to be robust despite the recent turmoil. Section III turns to issues that form the nexus between economics and security in Asia, including energy, shipping, defense spending, and the arms trade. Also included is an appendix that contains extensive economic data on the countries of the region. A central conclusion of the report is that Asia Pacific economies retain fundamental strengths that should enable them to prosper again in the near future. Indeed, many will emerge from the crisis stronger and more dynamic than ever before.
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1998
- Accession Number
- ADA346902