economies work well together
Teo Chu Cheow, Council Secretary, Singapore Institute for International
September 22, 2005
third High-Level Conference on Asian Economic Integration was jointly
organized last week in Taiyuan, Shanxi, by Shanxi University for
Economics and Finance and the Research and Information System for
Developing Countries (RIS) of New Delhi, India. This initiative
was supported by the Sasakawa Foundation in Tokyo, which was also
an active partner in the first two conferences.
series of high-level conferences is thus an initiative of the three
big Asian powers, who are rightly leading Asian economic integration.
What stood out was a clear feeling of optimism that Asia is poised
to accelerate its economic integration, especially in the lead-up
to the East Asia Summit (EAS), which will take place in Kuala Lumpur
here to read further: http://www.chinadaily.com.cn/english/doc/2005-09/22/content_479928.htm
rise of China and India can benefit us all
Roger Kerr , Executive Director, New Zealand Business Roundtable
September 18, 2005
is often the case with great shifts in the world economy, the rise
of China and India have been met with a mix of excitement and fear
in Britain, Europe and the United States. The rest of the world
stands to benefit from this dramatic change, just as it benefited
from the rise of the US in the 19th century – but governments
must keep their economies open and flexible and not resist necessary
many respects China is following the earlier Asian success stories,
Japan and the four “Tiger” economies, Hong Kong, Singapore,
Taiwan and South Korea. At times, their prowess in low-cost manufacturing
and acquisitions of western assets were seen as an economic threat
before they were recognised as just another growth node in the world
here to read further : http://www.thebusinessonline.com/Stories.aspx?StoryID=46BEBFFD-2959-4DFC-AB90-B69B3A363DA0&SectionID=4166BAB1-3058-4524-82D3-F0526A1FAC82
Rivalry, Nationalism Obstacles to ASEAN+3 Summit”
The Korea Times, September 13, 2005
expert on Asian affairs pointed to nationalism in Asian countries
and rivalry between China and Japan as two major obstacles to the
upcoming ASEAN+3 Summit in an international conference Tuesday.
ASEAN+3 Summit, which stands for the Association of Southeast Asian
Nations and three Northeast Asian countries including South Korea,
China and Japan is scheduled for November in Kuala Lumpur, Malaysia.
Corrado G.M. Letta said he fears the two major problems will produce
uncertainty and aggressiveness in East Asia.
made the remarks in a keynote speech delivered at an international
conference, entitled “Strategic Thinking for the Success of
the ASEAN+3 Summit”. The conference was held at the Korea
Foundation Cultural Center in Seoul.
here to read further : http://times.hankooki.com/lpage/nation/200509/kt2005091319210911990.htm
ASEAN in search of new model
Christopher Roberts ,The Straits Times,
Singapore Asia News Network, The
September 10, 2005
years after the Philippines first proposed a charter for the Association
of Southeast Asian Nations, plans for the creation of a new "legal
charter" were announced at the 37th ASEAN Ministerial Meeting
in Jakarta in June last year.
spokesman for the ASEAN Secretariat, M.C. Abad, pointed out that
the charter was meant to provide "an opportunity for the organization
to review its decision-making structures and processes to make them
in tune with the demands of the times." That is, should the
proposed charter be adopted by the region`s leaders, it will radically
change not only ASEAN`s operational norms but its character too.
here to read further: http://www.koreaherald.co.kr/servlet/cms.article.view?tpl…/ico_edi_pic.gif&id=20050910000
Asia is in better shape than they
September 9, 2005
KONG Certain hedge fund operators, brokerage forecasters and their
youthful Western news media commentator handmaidens have been doing
overtime in recent days suggesting that we could be in for a repeat,
on a minor scale, of the 1997-98 Asian financial crisis.
reality is that most of Asia is, despite oil prices, in far better
shape than the currency traders and commentators would have us believe.
here to read further :
integration and the IMF
RODRIGO DE RATO, Managing Director, International Monetary Fund
September, 6, 2005
has emerged as an engine of growth in the world economy. It accounts
for more than 30% of world GDP and contributes half of global growth.
This impressive performance has been associated with the region's
firm integration into the global economy, as well as its emergence
as a leading producer of the goods the world demands.
in order to further strengthen its global role, as well as to face
its own challenges, Asia needs to integrate its financial markets
internationally. Asia has successfully reduced vulnerabilities through
the build-up of reserves. The next step should be to develop more
resilient national and regional financial markets. This would further
reduce vulnerabilities by improving the channeling of savings and
integration was the topic of a high-level seminar in Singapore last
week, jointly sponsored by the Monetary Authority of Singapore and
the IMF. It brought together Asian leaders who are key to this process.
The seminar produced a lively exchange of views and provided an
opportunity for the IMF to underscore its strong support for Asia's
regional and global integration _ including through increased Asian
representation at the Fund.
here to read further : http://www.bangkokpost.com/Business/06Sep2005_biz32.php
Asian Community Won't Hurt US Interests
The Daily Yomiuri/ANN
September 5, 2005
December, Malaysia will host an East Asian summit attended by leaders
from 16 countries--the ASEAN+3, comprising the members of the Association
Southeast Asian Nations and Japan, China and South Korea--as well
as India, Australia and New Zealand.
partly to the upcoming summit, the idea of establishing an East
Asian community has recently resurfaced.
their election manifestos, both the Liberal Democratic Party and
the Democratic Party of Japan have called for the creation of an
East Asian community.
there is mounting concern in the United States about the formation
of a China-led regional order.
Japan, questions also are being asked about the compatibility of
such a community with the Japan-US alliance.
here to read further : http://e.sinchew-i.com/content.phtml?sec=2&artid=200509050001