Global dynamics and economic co-operation

Abstract

This paper will reflect on some major global trends affecting world trade and economic co-operation, and on policy implications and suggestions which are of practical use and relevance. The following seven trends or issues will be discussed: 1. The General Agreement on Tariffs and Trade (GAIT) and the unfinished Uruguay Round. 2. The role of the US, with special reference to: i - Its relations with Japan in the Strategic Impediments Initiative and Japan bashing . ii. North America free trade area (NAFTA) with Canada and Mexico iii. Asean-US Initiative 3. The role of Japan 4. The role of the newly industrialising economies (NIEs) 5. The East Asian Economic Group (EAEG) 6. Asean and the growth triangles 7. The role of the Pacific Economic Co-operation Conference (PECC) and other non-governmental organisations.