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APEC Promotes Stability

Senator Daniel Inoye
Chair
U.S. Senate Appropriation Committee

APEC Promotes Stability in the Asia-Pacific

YOKOHAMA, JAPAN (Nov. 12, 2010) – Speaking yesterday at the 2010 Asia-Pacific Economic Cooperation meeting in Yokohama, Japan, U.S. Senate Appropriation Committee Chairman Daniel K. Inouye (D-Hawai‘i) said the meeting comes at a time when “the interdependence among the world’s economies have reached a level never seen before.”

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State of the Region 2010-2011

Yuen Pau Woo
President and CEO
Asia Pacific Foundation of Canada

Coordinator
State of the Region Report
State of the Region 2010-2011

The world economy has been on a roller coaster ride since the collapse of Lehman Brothers in September 2008. A deep plunge in economic output through the greater part of 2009 was followed by a sharp upturn, only to settle now into what can be described as a period of great uncertainty. Recovery in the US and Europe has been spotty, and the risk of another financial crisis remains present. Contrasting policy responses across the Atlantic further complicate the outlook, and underscore the differences among leading nations not only in prognosis but also in the type and degree of international coordination that is needed for sustained recovery.

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