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OECD Development Centre Working Papers

The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. This series of working papers is intended to disseminate the OECD Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language.

English, French

Economic Integration in the Pacific Region

Economic integration in the Pacific region — which includes the United States, Canada and Mexico — is rapidly occurring, primarily as a result of intra-regional capital flows. Private-sector business opportunities between the west and east coasts and the northern and southern rims of the Pacific region are stimulating ever-larger flows of goods, services, capital, technology, and people among these economies.

Seven trends in the world economy are likely to strengthen these regional business relationships. They are: (1) the evolution of US-Soviet relations from conflict to co-operation, (2) the collapse of communism in the Soviet Union and eastern Europe, (3) the reversal of the "locomotive" role of the United States, (4) the ascendancy of Japan as the world's banker, (5) the econornic integration of Europe, (6) the economic integration of North America, and (7) the declining relevance of the GATT. However, a regional trend, the growing friction between Japan and the United ...

English

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