Asia-Pacific Leaders Deal with Global Economic Trouble at APEC Conference

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Asia-Pacific Leaders Deal with Global Economic Trouble at APEC Conference
Asia-Pacific CEOs will press world leaders on Friday to boost growth and seal a regional trade deal.
November 11, 2011

HONOLULU (Reuters) - Asia-Pacific CEOs will press world leaders on Friday to boost growth and seal a regional trade deal, goals made more urgent by the European debt crisis that has darkened global economic growth prospects.

Business leaders advising the Asia-Pacific Economic Cooperation (APEC) summit said a "volatile and uncertain economic environment" was discouraging private-sector investment and could spawn protectionist sentiment.

In a letter to U.S. President Barack Obama, who arrives for the Honolulu talks late on Friday, CEOs called on governments "to liaise closely with business as we work together to stimulate economic growth and create jobs in the short term, and work toward balanced growth in the long term."

With Europe in danger of slipping into a recession and U.S. growth sluggish, Asia represents the best bet for keeping the world economy on track.

http://www.usnews.com/news/articles/2011/11/11/asia-pac...

Very clearly the future of the world economy lies in the Far East and in order for cooperation to be successful leaders must not be afraid to have conflicting views over such issues as labor, human and environmental rights. This will be the biggest foreign policy challenge of the 21st century and calls for trade isolation are antiquated and we must work together to conceive how we will live together in harmony on this planet in the 21st century.