Economic Regionalization in the Asia-pacific
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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.
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Chapter 16: A Conversation with NARONGCHAI AKRASANEE

M. Dutta


Page 156  16  A Conversation with NARONGCHAI AKRASANEE  Q. I would appreciate it if you would define APEC.  A. A lot of people think APEC is going to be a trade forum, trade and investment forum—a forum spending most of its time in the development of trade and  investment.  Q. How does it relate to the Miami initiative—a conference in Miami in December 1994 of all nations of the North and South Americas (except Cuba), hosted by the  United States, proposing a free trade area of the Americas?  A. The Miami initiative is a call for another free (trade) forum. I believe that the U.S. is determined to open up trade around the world and will use every means  possible, unilateral, bilateral, regional and multilateral. APEC is a forum whereby the U.S. can be active in opening trade and further the same objective.  Q. I want to bring to your attention the concern of some economists from other parts of the world, a concern that this Americanization of America may be a matter of  concern to the APEC initiative.  A. I don’t think so. APEC is a forum of (sovereign) members sharing the goal about the opening up of intra­APEC trade. All APEC nations may not be ready to the  same degree, but certainly the fact that the 18 countries are signatories to the APEC Agreement must mean that they subscribe to the same common goal.  Q. You do not seem to suggest that the Miami Initiative...

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