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Asia’s New Order: Implications for the United States

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Abstract

What are the key trends shaping the scene in Asia today? The first set of trends relates to the new economic order. In this, the most dynamic region in the world, economic interdependence — through both horizontal and vertical channels — is rapidly advancing. Intraregional trade and investment are growing at an extraordinary rate.1 A now familiar imagery first drawn by Japanese economists has frequently been applied, that of flying geese. The lead goose, Japan, having reached a high-technology level and with the yen greatly appreciated, has progressively internationalized portions of its industries, producing components or whole products where it can find cheaper labour and selling its high-tech products to the developing economies. In this instance as in many others, it is often meaningless to ask where a product was made.

Keywords

Foreign Policy Democratic Progressive Party World Order Major Power Asia Pacific Economic Cooperation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1997

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