U.S. Economic Policy Toward The Asia-Pacific Region

The purpose of this statemet was to lay out the need for a coherent and sustained economic policy toward Asia. Economic and political developments in Asia are having an extensive and increasing impact on global prospects for peace and prosperity as well as on the economic future of American workers and businesses. The statement proposes a substantive policy contribution from the private sector. There has been little business-to-business dialogue about trade and investment issues in conjunction with the increasing prominence of Asian economies. In spite of its day-today involvement, business has been insufficiently involved in representing long-term U.S. interests to policy makers.