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Economic Regionalization in the Asia-pacific

Economic Regionalization in the Asia-pacific

Challenges to Economic Cooperation

M. Dutta

This original and comprehensive book provides a unique insight into the development of economic regionalization, with special reference to the Asia-Pacific. It presents international globalization strategies from a historical perspective and then analyses the effects on the development of Asia-Pacific Economic Cooperation (APEC). Focusing on APEC itself, the author provides a detailed investigation into its organization and agenda, and thorough personal interviews with some of the most influential people who have worked for APEC.

Chapter 13: A Conversation with MITSUO SATO

M. Dutta

Subjects: asian studies, asian economics, economics and finance, asian economics, international economics


Page 134  13  A Conversation with MITSUO SATO  Q. How do you view APEC from the vantage position of your office?  A. I think that the APEC meeting in Indonesia was quite an achievement. Even though the specific program for liberalization of trade and investment is not very clear, I  think that they have made an achievement by adopting the declaration that beginning in the year 2000, the APEC member­countries will liberalize trade and investment  by 2010, 2015 or 2020, as the case may be for a specific country.  Q. Do you think that the 18 sovereign member­countries will be able to continue to cooperate towards the 2020 goal?  A. There will foreseeably be many difficult questions over the years for them to find answers to. In other words, there will be some obstacles and difficulties as they  work on the APEC agenda for trade liberalization, but at the same time they have decided to resolve them. The APEC member­countries have made it very clear that  they are determined to do the needful. If there is a determination to achieve a goal, any and all obstacles can be overcome. I am quite optimistic.  Q. Given the fact that some members of APEC are very rich, some are becoming rich, while some others are still poor, does that make a difference adversely  impacting the goal?  A. I agree with you that differences in terms of stages of economic development, or in terms of per capita incomes, among APEC...

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