The Asia-Pacific Region and the Emerging International Economic Order

Abstract

It is commonplace today to talk of the Asia-Pacific (AP) region, comprising Japan, China, the newly industrialized economies (NIEs) of South Korea, Taiwan, Hong Kong, and Singapore, and the Association of Southeast Asian Nations (ASEAN) of Brunei, Indonesia, Malaysia, Philippines, and Thailand as the world's most successful and dynamic and economic group. These AP economies are all situated on the western rim of the Pacific, and they have displayed a strong capacity for high economic growth for a sustained period.