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It is hardly possible to overrate the Pacific Basin in its economic and political importance. Currently, it is one of the economic regions with the highest dynamic growth throughout the world. Economically this region is sometimes considered to be the future centre of the world econom- often with reference to well-known authors such as Arnold Toynbee and Herman Kahn who predicted the inevitable approach of a Pacific century. The economic development of the Pacific Basin has proceeded far already following Japan's ascent into the position of an economic superpower. Considering the concentration of East and South-East Asian dynamic developing countries the Pacific Basin has meanwhile developed into a regional centre of economic activities. Furthermore the ambitions and in terests of three nuclear powers - the USA, the Soviet Union and China - collide in this region. Obviously these countries increasingly perceive and take into account the political and strategic importance of this region.
China East Asia International Economic Policy Japan Pazifische Wirtschaftsregion economic development