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Economic Integration in the Pacific Region

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  • Richard Drobnick
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    Abstract

    Economic integration in the Pacific region — which includes the United States, Canada and Mexico — is rapidly occurring, primarily as a result of intra-regional capital flows. Private-sector business opportunities between the west and east coasts and the northern and southern rims of the Pacific region are stimulating ever-larger flows of goods, services, capital, technology, and people among these economies. Seven trends in the world economy are likely to strengthen these regional business relationships. They are: (1) the evolution of US-Soviet relations from conflict to co-operation, (2) the collapse of communism in the Soviet Union and eastern Europe, (3) the reversal of the "locomotive" role of the United States, (4) the ascendancy of Japan as the world's banker, (5) the econornic integration of Europe, (6) the economic integration of North America, and (7) the declining relevance of the GATT. However, a regional trend, the growing friction between Japan and the United ... La rapide intégration économique de la région Pacifique — qui inclut les États-Unis, le Canada et le Mexique — est due d'abord aux flux de capitaux intra-régionaux. Les conditions particulières du secteur économique privé entre les cotes est et ouest et les zones litterales au nord et au sud de la région Pacifique favorisent d'importants échanges de biens, de services, de capitaux, de technologies et de personnes entre ces économies. Dans l'économie mondiale on peut distinguer sept tendances susceptibles de renforcer ces échanges régionaux. II s'agit : (1) du changement des relations entre les États-Unis et l'ex Union soviétique qui ont évolué du conflit vers la coopération ; (2) de l'effondrement du communisme dans la CEI et les pays de l'Europe de l'Est ; (3) du renversement du rôle-moteur des États-Unis ; (4) de la dominance bancaire du Japon sur la scène mondiale ; (5) de l'intégration économique de l'Europe; (6) de I'intégration économique de I'Amérique du Nord ; et, (7) du déclin du ...

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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 65.

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    Date of creation: May 1992
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    Handle: RePEc:oec:devaaa:65-en

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