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Article: Economic interests and strategic rivalries in Asia-Pacific: Montreal, October 3, 2006.
- Article from:
- Behind the Headlines
- Article date:
- September 22, 2006
- Author:
CopyrightCOPYRIGHT 2006 Canadian International Council. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Pacific Basin is today the engine of world growth, as the transatlantic relationship had been in the post-WWII world economy. Increasing economic ties are a common feature of both periods but there is a striking difference. The former was based on European integration and on a solid geopolitical alliance; the latter has a weak institutional framework with no geopolitical ground. The Pacific basin, exploding as the new driver of world growth, is frequently said to open an age of unprecedented "globalization", by which we mean that the new driver plays primarily by a set of rules based on pure economic interests. Too little attention has been paid in this context to the ...