Spat in the supermarket

Article Abstract:

Asian business persons are ambivalent about the apparent lack of cohesion in the European Community (EC). Divisions in the EC could make it difficult to resist the influx of relatively cheap Asian imports. On the other hand, these divisions and weaknesses could lead the EC to reconsider its trade policies and this might be detrimental to the interests of Asia. Most Asians believe that the economic and political divisions in the EC might slow the pace of unification, but will not stop it. They prefer a unified Europe because of the advantages of a single market of 320 million prosperous customers.

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If you can't beat 'em: Europe tries softer approach to Asian business

Article Abstract:

The European Community (EC) and Asia are coming closer on the economic front. The sizable trade imbalance between the two regions has reduced between 1986-1990. This has allayed Asian fears that European unification will lead to a closed market. Moreover, the EC has granted foreign banks in the EC the same status as national ones and has also reduced restrictions on import of Japanese cars. European companies are responding to competition by entering into collaborations with countries such as the US and Japan.

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Deep pockets: IMF wants to tap Asia's central banks

Article Abstract:

The International Monetary Fund's interest in raising money from East Asian countries to bail out Mexico signals recognition of the region as a global economic player. Though funds from outside the G-10 - the world's 10 largest national economies - were ultimately not needed, such requests in the future could lead to a greater international voice for these developing nations. That would require them to take a greater share in such agencies, which some existing members, like the US, might resist.

International Monetary Fund, East Asia

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