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As the importance of the Pacific Rim as a global centre of large-scale investment, development, and trade continues to increase, so do the potential benefits that Canada and other countries could reap as a result of an increased presence in this diverse region. This book, a revised, and to a large extent new, version of The Pacific Rim: Investment, Development, and Trade (1987), integrates a broad range of current economic data concerning the Pacific Rim with some of the more important theoretical issues in the area of economic development and trade. It demonstrates the paradoxical combination of strength and fragility that characterizes the emerging integrated Pacific Rim economy and attempts to clarify the nature of the framework and constraints that face foreign investors and trading partners.
Peter N. Nemetz (editor) is an associate professor in the policy analysis division of the Faculty of Commerce and Business Administration at the University of British Columbia. He is also the editor of the Journal of Business Administration, where earlier versions of many of the articles in this book have appeared.
Nemetz raises as many questions as he answers; therein lies the value of his book. Anyone contemplating business in Asia or the Pacific should read it. For the rest of us, its overview is invaluable for understanding both opportunities and pitfalls in our trade and investment relations with the region.
It presents an unusual perspective on regional developments, Canada being in an advantageous position to participate in the rapid changes to the various national economies that are taking place. The collection integrates a broad range of current economic data concerning the Pacific Rim with some of the more important theoretical issues in the areas of economic development and trade.