APEC Is a hot entity because the Pacific itself is a hot region economically

Apec is a hot entity because the pacific itself is a

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APEC Is a hot entity because the Pacific itself is a hot region, economically speaking o APEC has 40% of the world’s population o 55% of the world’s GPD 44% of world trade occurs between these member economies This will increase in our lifetime He calls this the Pacific Century and the Pacific ocean is really the interstate highway of 21 st century trade o The most lanes and the fastest speed limits o For the last 500 years, the Atlantic ocean has been the center of world trade Europeans and Americans were the real hub which are located across the Atlantic ocean o APEC is taking advantage of this critical mass of action and everybody wants into it There are countries who aren’t even on the Pacific Ocean but they want in as well Who doesn’t want to be a part of innovative action He calls this the funniest organization to watch
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o The heads of state actually get together once a year for a big APEC meeting and they all adopt the custom traditional clothes of the host country and pose for a really goofy picture ASEAN This one is ancient and most people haven’t even heard of it while most people don’t care about o But it’s in the game for a long term and it’s an Asian Tiger on the hunt It is a Geopolitical and economic organization of 10 countries which comprises all the countries in the region we call Southeast Asia Started in 1967 by Indonesia, Malaysia, Philippines, Singapore, and Thailand o Economic activity was the basis but it was much more focused on working together to help each other build their nation-states while many of them were still in Independence wars o Weak countries that formed to build this block and he gives them kudos o They weren’t Anti-Western, they were leery of them but were more concerned about China as it just got back on its feet o Forward thinking grouping The membership has expanded to include Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Burma (Myanmar), Cambodia, Laos, and Vietnam o Much like Brazil is to MERCOSOR or the US is to NAFTA: Indonesia is the biggest economy by twice as much in this grouping and sees itself as kind of a leader of this group and is one of the rising regional powers They want to accelerate economic growth but they also hope for other things which make them unique o Social progress – more benefits to make the place a better place and culturally develop themselves o Protection of peace and stability – this is the first one with a stated goal from the very beginning You can’t have economic growth if you don’t have peace and stability It is striving to be much like the European Union Expanded ASEAN goals: o Regional political integration to make decisions as a group o They have worked out a regional shared airspace Conducive and helpful for tourism and economy o Common environmental policy – pretty forward thinking o Common energy security policy – built in energy alternatives they are promoting
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