Morrison, Charles E., The China Business Review
The Asia-Pacific region has a number of regional organizations that differ in geographical scope, function, degree of institutionalization, and government involvement. Here is a brief introduction to some of the most important of these organizations.
* ADB The Asian Development Bank was established in 1966 to provide regional financing. Virtually all Asian countries are members (including China and Chinese Taipei) and many nonregional nations--including the United States--are donors. Between 1968-92, the ADB loaned more than $42 billion to fund development projects in 31 countries in East and South Asia. The ADB's headquarters are in Manila.
* APEC The Asian-Pacific Economic Cooperation forum, established in 1989, has grown from 12 to 17 members. It holds annual ministerial meetings and has 10 technically oriented working committees. In 1992, a small secretariat was established in Singapore, and in 1993 an "informal leadership conference" was held in association with its 5th Ministerial Meeting.
* ASEAN The Association of Southeast Asian Nations was created in 1967 by several pro-Western Southeast Asian countries to promote economic, social, and cultural cooperation. ASEAN members Brunei, Indonesia, Malaysia, the Philippines, Singapore, and Thailand recently agreed to create an ASEAN Free Trade Area (AFTA). ASEAN foreign ministers meet annually with the foreign ministers of the United States, Japan, Canada, Australia, New Zealand, South Korea, and the European Community in the ASEAN Post-Ministerial Conferences (ASEAN-PMC). The ASEAN Regional Forum (ARF) is being established to discuss security issues and includes the six ASEAN nations plus …
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Publication information: Article title: Asia-Pacific Acronyms. Contributors: Morrison, Charles E. - Author. Magazine title: The China Business Review. Volume: 21. Issue: 1 Publication date: January/February 1994. Page number: 12. © U.S.-China Business Council Mar/Apr 2009. Provided by ProQuest LLC. All Rights Reserved.
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