Opinions < 2004 < September
Ties Could Alter the Trade Balance
The Strait Times
September 17, 2004
the headlines about a shifting power balance between the rising
Asian giants - China and India - and the West, a new relationship
is quietly taking shape that could affect the world economy profoundly:
the rapidly growing business ties between the once estranged giants
...the prolonged contact between the neighbours 'has been the major
factor in the shaping of the Asian mind, for, from China, its influence
radiated to Korea, Japan, Mongolia, and other more distant lands'.
here to read further: http://straitstimes.asia1.com.sg/commentary/story/0,4386,273021,00.html?
Exchange Rate Viable
Tong Yee Siong
The Edge Daily,Malaysia
September 15, 2004
intra-Asian exchange rate arrangement similar to the European Monetary
System will be more viable than a single currency for Asia, says
former European Central Bank (ECB) president.
Dr Willem Duisenberg said such an exchange rate arrangement would
be a clear step towards a regional monetary organisation. It would
have the advantage of providing an order to intra-regional trade
relations, making it independent of the vicissitudes of external
currencies,? he said at a luncheon talk on the Euro and Asia in
Kuala Lumpur on Sept 14.
Click here to read further http---www.theedgedaily.com-80-cms-content.jsp-id=com.tms.cms.article.
An Idea for Asian Community
The Japan Times
September 12, 2004
there should be harmony in leadership between the two driving forces
of the exercise, China and Japan. Second, various other pre-existing
formations should be brought to a flexible coexistence with the
future community. So far, we have a multitude of parallel mechanisms:
the 10-member Association of Southeast Asian Nations, ASEAN-Plus-Three
(China, Japan and South Korea), the Asia-Pacific Economic Cooperation
forum, the ASEAN Regional Security forum. But, as Hank Lim of Singapore
observed, "ASEAN is too formal, ASEAN-Plus-Three is too loose,
while APEC is dominated by the United States."Such expansion
would be fine, but then what of India? How could we exclude this
Asian giant on the technicality that it lies in South, and not East,
Asia? Would it be better therefore if we spoke of an "Asian
community" in general, leaving aside "East" ?
here to read further: http://www.japantimes.co.jp/cgi-bin/geted.pl5?eo20040912a1.htm
Partnership in Review/Economic Gravity : Asian Union
The Asahi Shimbun
September 6, 2004
the region's economy grows, a common Asian currency will gain favor,
says Mr. Yen. `The current calm Japan-U.S. economic relationship
basically means Tokyo is no longer seen as an economic threat to
Washington. This is the 15th in a series of interviews examining
Japan-U.S. ties and their implications.'
Eisuke Sakakibara, the man known internationally as Mr. Yen from
his time as head of international monetary affairs at the Ministry
of Finance, believes that Washington's unilateral action in Iraq
has triggered the beginning of the decline of the ``Pax Americana.''
He foresees that in the mid- to long term, creation of an Asian
version of NATO and a common Asian Monetary Unit could become a
here to read further: http://www.asahi.com/english/business/TKY200409060087.html