Opinions < 2004 < April
Values Shade Japan Hostage Crisis
Tom Plate, The Japan Times
April 29, 2004
true that Asian values may not be all they used to be. But they
still pop up now and again with the capacity to dazzle and astonish.
It's possible to argue, in fact, that if Asian values remain a strong
enough force over time, they could even mitigate emerging Asian
nationalism. Two recent Asian political dramas illustrate why.
examples, perhaps; but the good news is that these common Asian
values might just serve as the launching pad for the kind of regional
economic organization imagined by the visionary Long.
here to read the full Article : http://www.japantimes.co.jp/cgi-bin/getarticle.pl5?eo20040429tp.htm
Solidifying East Asian Co-op
Wu Yixue, China Daily
April 29, 2004
East Asian Community (EAC) is an alluring prospect, although its
prototype and methods for realization are still under discussion.
The establishment of institutionalized regional co-operation mechanism,
similar to that of the European Union (EU), undoubtedly serves as
the ultimate co-operation goal coveted by East Asian countries which
lag behind in promoting regional integration. Facing accelerated
globalization and regional integration, the two main trends of the
current world from which no nation is immune, any country or region
has no choice but to strive to keep pace. Otherwise, it risks being
here to read the full Article : http://www.chinadaily.com.cn/english/doc/2004-04/29/content_327160.htm
The Neighbourhood, at least is Looking Good
Sydney Morning Herald
April 29, 2004
the four large Asian states that, more than any others in the region,
will shape our security and economic growth - Japan, China, India
and Indonesia. Japan's economy is growing again and it is forging
a new, more active, role in the world; China's strong economic growth
is matched by effective regional diplomacy; India is shrugging off
the dead hand of a highly regulated economy and dynastic politics;
and, over the past few weeks, Indonesia has taken an important step
towards building a healthy democracy. There hasn't been a time in
the past 50 years when the collective news from the four regional
power centres has looked better.
here to read the full Article : http://www.smh.com.au/articles/2004/04/28/1083103550857.html
India Inc Flaunts at Boao
A Goswami, The Economic Times
April 27, 2004
Unprecedented growth in India and China has made the developed world
bullish on Asia. So, how is Asia looking at its new-found glory?
Several Asian leaders met at Boao, China, to chalk out a strategy
that would provide a win-win solution to all the Asian countries.
On day one of the third meeting of the Boao Forum, India, represented
by Ficci, showcased the country as the “land of opportunity”.
Addressing the official opening session of the conference, Ficci
president Y.K. Modi said, “Today’s India is going through
an intensely exciting phase of change, innovation, rediscovery of
its potential and remaking of its future. The old landscape is vanishing;
new landfalls are emerging and visible at a distance.
here to read the full Article : http://economictimes.indiatimes.com/articleshow/641234.cms
When will Asian Dollar Dream come True?
April 25, 2004
Dollar' is a goal that is worth pursuing," said Long Yongtu,
secretary general of the Boao Forum for Asia 2004 Annual Conference,
Sunday. ; As the globalization goes deeper, the importance of small
countries' currencies is diminishing in economic terms. The development
of the European Community has brought about the Euro, while in Asia,
people are talking more and more about "Asian Dollar"
as economic cooperation in this region is increasing in each passing
day. Like Long, Fidel V. Ramos, chairman of the board of the forum,
also mentioned "Asian Dollar". The integration of Asia
has greater potential, comparing to Europe and America. Currently,
Asia is experiencing the fastest economic growth in the world, and
thus, a unitary currency for Asia is of great significance.
here to read the full Article : http://news.xinhuanet.com/english/2004-04/26/content_1439364.htm
Asia: A Rising Power of World Manufacturing
April 25, 2004
believe that it is the global industrial transfer that enables an
increasing number of things labeled "made in Asia" to
become world crazes today. Experts attending the Annual Conference
2004 of the Boao Forum for Asia (BFA) agree that Asia, possessing
an independent and integrated development, supply, production and
sales mechanism, is becoming a rising power in the global economy.
Speaking Sunday at the "supply chain and made in Asia"
forum, Carlos Magarinos, director general of the United Nations
Industrial Development Organization (UNIDO), said it was the result
of integration and optimization of global production sectors that
Asia turned to be world manufacturing center.
here to read the full Article: http://news.xinhuanet.com/english/2004-04/25/content_1439295.htm
Topics for Asia Pacific Cooperation
April 23, 2004
ongoing 60th session of the United Nations Economic and Social Commission
for Asia and the Pacific (ESCAP) provides an important platform
for Asia-Pacific countries to exchange views on economic growth
and social problems. Hot topics under discussion for Asia-Pacific
cooperation at thesession are as follows:
With the robust economic growth in recent years, the Asia-Pacific
region has created a miracle by reducing its poor population to
400 million, but the region is still home to the majority of the
world's poor. The United Nations has set up the Millennium Development
Goals to reduce in half the world's poor population by 2015. Poverty
reduction is a serious challenge for the Asia-Pacific region.
here to read the full Article : http://news.xinhuanet.com/english/2004-04/23/content_1437572.htm
Rising Asia Draws World Attention
April 22, 2004
April 24 to 25, a small seaside village that is home to just over
20,000 people in China's southernmost island province of Hainan,
will draw the world's attention as the 2004 annual conference of
Boao Forum for Asia (BFA) is convened here. The
theme of this year's BFA annual conference has been set as "Asia
seeks common success, an Asia that opens up to the world",
which demonstrates that with the trend of globalization, Asian countries
and regions have a common will to strengthen regional economic exchange
and cooperation, to realize common development, and to further open
up to the rest of the world.
here to read the full Article : http://news.xinhuanet.com/english/2004-04/21/content_1433317.htm
Revitalising The Bangkok Agreement
first multi-member preferential trade agreement (PTA) between developing
countries, signed in 1975 as the Bangkok Agreement, has so far failed
to produce the desired results. Trade amongst the member countries
has not been much encouraging. Nonetheless, member countries are
putting in efforts to make the Agreement more fruitful, and are
planning major reforms, through what can be touted as the ‘revitalisation
Apparently, high importance is now being accorded
to the pioneering Asian PTA, which originally comprised
Republic of Korea
, Lao People’s Democratic Republic and
Sri Lanka , and later
acceded, by China
in April 2001. It then becomes important to dig out the reasons
for this renewed interest. More importantly, it becomes necessary
to look into the future potential of the Agreement.
here to read further: http://www.sawtee.org/PROACT_E-newsletter_Apr_04.html
Realising The Asian Dream
, The Financial Express
April 21, 2004
The twenty-first century can be truly Asia’s if the current trend of rapid
growth rates in China and India can be sustained. A study by Goldman
Sachs has projected that China, India and Japan would have about
57 per cent share in world GDP by 2050 — roughly the share Asia
had in global GDP up to 1820 AD, as estimated by an OECD study by
economist Angus Maddison.
other words, Asia is on course to regain its place as the centre
of gravity in the world economy. This transformation, however, will
depend on Asia’s ability to manage the growing global macroeconomic
imbalances without affecting the external demand that has fuelled
a part of its rapid growth rates over the past decades.
here to read the full Article : http://www.financialexpress.com/fearchive_frame.php
Wednesday, April 21, 2004. Edits and Columns
Big Appetite Ensures a Healthy Commodities Market
April 21, 2004
and, in time, India will generate much of the incremental world
demand for primary commodities over the coming decade. It is far
from clear that this will be enough to produce a decisive reversal
in the long-term trend decline in the real process of commodities.
More likely is increased volume, as supply is expanded to meet the
Asian giants' demand.
read further, visit www.ft.com
The Challenge of East Asian Economic Integration
The New Nation, Bangladesh
April 20, 2004
Japan-Singapore Economic Agreement for a New Age Partnership, which
was signed in 2002, is Japan's first-ever bilateral free trade agreement,
and the process of concluding it has provided vital experience in
terms of bolstering economic ties with other Asian countries. This
is an area in which I have long had a processional interest; serving
in Japan's Ministry of International Trade and Industry. I was involved
in discussions regarding East Asian regional frameworks from which
Malaysian Prime Minister Mahathir bin Mohamad first proposed the
idea of an East Asian Economic Caucus at the end of 1990. The Asia-Pacific
Economic Cooperation forum, which had been established in 1989,
included the United States, on which Asia depends both for security
and in the economic sphere. Mahathir's proposal, by contrast, was
for a framework that would exclude the United States. Given Washington's
fierce opposition, coupled with infighting within the Association
of Southeast Asian Nations over leadership of the proposed group,
the EAEC had no chance of being implemented at the time it was proposed.
Even so, it was unfortunate that Japan was unable to adopt a clear
stance on the idea. At the time, I think the dominant view was that
an Asia-only forum would compromise the Japan-US. alliance and could
lead Japan down a path toward the warped Asianism seen before World
War II. Talk of an East Asian forum without the participation of
the United States remained taboo for a long time afterwards.
Click here to read the full Article : http://nation.ittefaq.com/artman/publish/article_8457.shtml
Can Japan-China-India Axis be a Reality
Sunanda K Datta Ray
April 17, 2004
It is extremely surprising that the Japanese ambassador's suggestion of
a Japan-China-India axis has not received more attention in India.
days after Yasukoni Enoki proposed this trilateral axis, the Chinese
defence minister, Cao Gangchuan, who is also vice-chairman of the
powerful Central Military Commission headed by former president
Jiang Zemin, was in New Delhi for talks with George Fernandes.
Describing the proposal as "important for Asia's stability
and prosperity", Enoki said it "had been discussed informally
with the Indian side and will help India correct its positioning
in Japan's diplomacy."
here to read the full Article : http://www.rediff.com/money/2004/apr/17guest1.html
Asians Fighting The Next Asian Energy Crisis
April 16, 2004
of the enduring images of Japan's oil crises of the 1970s - a cool
sartorial safari-wear statement - occurred during the sweltering
summer of 1979 as the price of OPEC-controlled petroleum soared,
threatening the economy in the nation's second oil crisis; the first
oil upheaval had been in 1973.To champion the cause of energy conservation
at the time, bulldog-faced prime minister Masayoshi Ohira - anything
but a fashion plate - was persuaded by his advisers to become the
poster guy to model an "energy-saving" suit, as government
offices cut back on air conditioning.With cameras flashing, Ohira
appeared on stage with a nifty beige safari-type, short-sleeved
jacket, which he wore over a stiff, buttoned-up white shirt and
dark tie. The fashion mavens mourned.
Two and half decades later, Japan and other Asian countries are
still dependent on oil from the Organization of Petroleum Exporting
Countries (OPEC). The Japanese government is stepping up its efforts
to bring some order in Asia to the perilously chaotic state of energy
supplies, dysfunctional local energy markets and, most threatening,
a massive escalation in demand for oil and other energy resources.
here to read the full Article : http://www.atimes.com/atimes/Japan/FD16Dh01.html
Asean Must Hasten Reforms to Draw More Foreign
The Business Times Online
April 12, 2004
Asean, with its fierce respect for consensus, make progress fast
enough to expand the potential of financial markets that, in the
words of Singapore Deputy Prime Minister Lee Hsien Loong, are small
and fragmented by international standards?
our economies requires hard work, political will and, often, tough
decisions,' he said.
here to read the full Article : http://newslink.asia1.com.sg/
Asean+3 to Review Efforts to Cooperate Financially
The Business Times Online
April 12, 2004
ministers, plus those from Japan, China and Korea, will gather at
Jeju, South Korea, to review broader regional attempts to
achieve monetary and exchange rate cooperation, and to forge a pan-Asia
The discussions will coincide with this year's
annual meeting of the Asian Development Bank, and the agenda is
an unusually full and ambitious one, officials say. What is decided
in Jeju could set the whole of East Asia on a course towards much
closer economic, monetary and even political cooperation within
a kind of European Union-type context, some sources suggest.
A key issue is whether East Asia should move towards adopting an
'exchange rate mechanism' that could eventually lead o full monetary
Another is the need for a 'regional financial
arrangement' and whether the existing network of bilateral currency
swaps should be expanded and multi-lateralised. Third is development
of an Asian bond market, which some say could make currency crises
of the kind that hit Asia in 1997 a thing of the past.
here to read the full Article : http://newslink.asia1.com.sg/
India and the Asean Countries could be Natural
Partners For Trade
The Telegraph, India
April 10, 2004
Singaporean asked me in bewilderment if Indians didn’t want to be
rich. Assuring him that we hankered for wealth as much as anyone
else but that we also craved the piety of virtuous penury, I repeated
Sarojini Naidu’s gibe about the cost of keeping Gandhi in poverty
to illustrate the Indian paradox.
The contradiction is again
apparent in ambivalence over the Comprehensive Economic Cooperation
Agreement between India and Singapore that was discussed recently
for the eighth time. Obviously, there can be no conclusion until
after the hurly-burly of elections. Equally obviously, Indians must
be as clear as Singaporeans as to what they expect from a path-breaking
treaty that is far more than the conventional free trade agreement.
One objective should be to regain the Singapore market which India
once supplied with virtually everything. Manhole covers to management
training, ceiling fans to textbooks, iron safes to betel leaves
and lorries were Indian. The second aim is even more important.
Shining or not now, there certainly was a time when India’s light
radiated out to southeast Asia. The CECA with Singapore could be
the means of regaining the once and future swarnabhumi of
what historians call Farther India.
here to read the full Article : http://www.telegraphindia.com/archives/archive.html
10 April 2004, Opinions
Trade in South Asia Needs Synergy
India already has signed a free trade agreement (FTA) with Thailand,
is set to sign one with the Association of Southeast Asian Nations
(ASEAN), and expects to sign another specifically with Singapore
early next year. All these agreements could be the first step towards
closer economic integration among the nations in this part of the
, Asia Times
If the success of regional economic integration in other parts of
the world is any guide, a free trade arrangement among the South
Asian countries - namely India, Pakistan, Bangladesh, Sri Lanka,
Nepal, Bhutan and the Maldives - will be a big step towards their
greater economic welfare.
On the Asian continent, while several Regional Trade Agreements
(RTAs) involving ASEAN and Mercosur (Argentina, Brazil, Paraguay
and Uruguay) have come into being, the South Asian Preferential
Trade Agreement, the South Asian Free Trade Area, and the ASEAN
Free Trade Area, if seriously implemented, should complement each
other, thus making regional economic integration viable. To this
end, the trade policies of these countries must further the cause
of regional cooperation towards developing their external sector.
here to read the full Article : http://www.atimes.com/atimes/South_Asia/FD09Df03.html
Get Together to Strengthen Asian Power
April 7, 2004
China and Japan are the three major countries in East Asia. From
ancient times until the present, the three countries have shared
much. Historically, the three countries maintained unchallenged
political, economic and cultural importance in the region. But the
three countries have never met together to discuss and plan the
future of East Asia. Most recently, Seoul, Beijing and Tokyo sat
down together at meetings of multilateral cooperative bodies such
as ASEAN and the United Nations. But the bilateral or trilateral
meetings took place at a third party's initiative, and the three
countries have never prepared a meeting for themselves.
Click here to read the full Article : http://joongangdaily.joins.com/200404/07/200404072245141009900090809081.html
Asia, Booming Demand Powers Stocks Rise
Christian Secience Monitor
Finally, it seems, all of Asia is gaining strength. So are funds
that invest there. In the first quarter, Pacific region funds advanced
10.5 percent, while Japan funds gained 13.7 percent, according to
Morningstar. For the past 12 months, Pacific region funds have risen
more than 62 percent and Japan funds are up nearly 70 percent.
factors contributed to this strong performance, but the main driver
seems to be China. "You're seeing accelerated economic growth
out of China and you're seeing a lot of demand for products into
that market," says Michael Donnelly, a senior portfolio manager
at American Century Investments in Kansas City, Mo.
has boosted exports into China from Japan, South Korea, Indonesia,
and India, Mr. Donnelly explains. Even Taiwan, which has a very
good commercial - if not political - relationship with China, has
benefited from China's growth, he notes.
here to read further: http://www.csmonitorservices.com/csmonitor/
Growing Economic Integration in Asia
April 5, 2004
long last economic integration is taking off in East Asia. China
imports components, raw materials, food and tropical products from
Northeast and Southeast Asia. Just over three years ago China offered
the ten countries of ASEAN a free-trade agreement (FTA). ASEAN and
China signed a framework agreement in 2002. The FTA will be realized
by 2010, but there has been an early-harvest package on goods and
services since January. Moving ahead, Thailand has reached a limited
bilateral agreement with China to accelerate some of their commitments
under the framework agreement. Other ASEAN countries are seeking
Click here to read the full Article : http://www.forbes.com/business/global/2004/0419/016.html