Tristan Kenderdine. Tony Webster. The Indian and Southern Oceans need as much foreign policy human and political capital as the Pacific Ocean to mould Australia into a three-ocean power, Tristan Kenderdine writes....
In the first decades of the 21 st century, the Asia Pacific region, with China at the centre, has become the growth engine of the world economy. Unlike the United States and Europe, nobody in Asia is fretting about globalization. Indeed Asia is charging ahead and has an open invitation for other regions of the developing world to get on board. Is the Pacific region up for the challenge? Asia has benefited from the trends underlying globalization such as flows of foreign direct investment, access to knowledge and innovation, open markets for trade in goods and services and rapid technological progress. Asian growth has also been built upon the foundation of prevailing regional peace, security and stability offered by regional and multilateral cooperation. So it is to Asia that the developing nations of the Pacific must look for future growth opportunities, without any pangs of regret for traditional economic partners who will understand — and are, indeed, also looking to Asia.
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