Challenges to Economic Cooperation
Chapter 19: A Conversation with ROSS GARNAUT
Page 173 19 A Conversation with ROSS GARNAUT Q. I would like to make use of our limited time for a discussion on the Miami Initiative—the recent conference of all nations in the North and South Americas (except Cuba), hosted by the United States in Miami, with an agenda for the Americas’ hemispheric free trade area. It comes soon after the APEC Summit in Bogor, Indonesia in November 1994. How do you think it is going to impact on AsiaPacific Economic Cooperation? A. Well, I see the economic regional game in the Americas as a “little league” and in the AsianPacific as a “big league”—all in the World Series. The game here is the big league because the world’s strongest and dynamic regions, especially in the twentyfirst century, are going to be in the AsianPacific region. The United States is in the process of making a decision whether it is a player in the little league or the big league in the World Series. There is some feeling within the United States at the moment that economic integration with Latin America is more comfortable than with East Asia—there is less competitive threat, less competitive pressure, and with Latin America there is less political disagreement and fewer differences of political values within the United States. There is no reason in principle why there should be a conflict between the two paradigms—U.S. integration along the Americas and U.S. integration across the Pacific—especially if...
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