Asian Leaders Seek to Reduce Western Trade Ties.

[elleng]

Source: nyt/reuters

HUA HIN, Thailand (Reuters) - Asia-Pacific leaders called on Sunday for regional-wide free trade and other measures to reduce dependence on the United States and big Western markets as Asia leads the way out of the global economic downturn.

Japanese Prime Minister Yukio Hatoyama urged Asian leaders to keep up fiscal and monetary stimulus measures even as their economies show mounting signs of recovery, saying there was "no room for complacency" and that the job market was still "dire."



Read more: http://www.nytimes.com/reuters/2009/10/25/world/international-us-asia-summit.html

[placton]

1. east asian co-prosperity sphere

worked so well in the 1930's-40's

[vadawg]

2. rofl, wonder if hawaii should think about hardening her ports....

[nyy1998]

4. lmao

:rofl:

[Odin2005]

5. LOL!

:rofl:

[ThomCat]

9. Have you noticed all the economic and structural changes in the last

70 years? :shrug:

Asia is now the strong manufacturing base distributed across a wide variety of industries in several countries. They are also stable, no longer destabilized post-colonial countries. And we are not exactly the superpower we used to be.

Your point is interesting, but I don't see how it is very relevant to today.

[jwirr]

3. Let's hope they are thinking regional self-sufficiency. That is what

is needed all over the world.

[ThomCat]

6. Doesn't sound like it.

It sounds like preparing to cut loose some dead weight. :(

[mule_train]

7. now that they have all our manufacturing base, why not?

thanks clinton

[ThomCat]

8. Yes, things are very different now that Asia is the major region

for manufacturing in the world, and we're a debtor nation with a dead and dragging economy. :(