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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (262848)	10/6/2003 10:45:30 PM
From: Tom Smith	Respond to of 436258

that's old world economics....I only believe in perpetual motion derivative machines....I understand they're quite easy to build......obviously the subject is too deep for Europeans to fathom (smug British journalists, of course, excluded) or the EU wouldn't be in a jam.

To: Haim R. Branisteanu who wrote (262848)	10/7/2003 12:36:43 AM
From: maceng2	Read Replies (1) \| Respond to of 436258

The Guardian also has story about another community.. S.E. Asia Leaders Sign Landmark Accord Tuesday October 7, 2003 4:16 AM guardian.co.uk By STEVEN GUTKIN Associated Press Writer BALI, Indonesia (AP ) - Leaders of 10 Southeast Asian nations ranging from fledgling democracies to an absolute monarchy gathered Tuesday to sign a landmark accord aimed at wrestling their disparate region into a European-style economic community by 2020. The blueprint, dubbed the Bali Concord II, envisions a single market and production base encompassing 500 million people. The Association of Southeast Asian Nations wants to band together to counter the burgeoning economic might of India and China, Asian powerhouses that are siphoning off investment and trade seen as essential for Southeast Asia's development. The 36-year-old ASEAN is comprised of diverse nations that include communist autocracies and a military dictatorship alongside the region's democracies. Leaders who gathered for Tuesday's start of a two-day summit on this resort island acknowledge that this diversity will complicate efforts to emulate European integration. Singapore Prime Minister Goh Chok Tong on Monday said it will take 40 to 50 years before a Euro-style common currency can be created for Southeast Asia. But Goh said ASEAN must hasten its efforts at regional integration or risk being marginalized in global competition. Draft summit statements promise to set up a network of free trade zones across Southeast Asia and set deadlines for lowering tariffs and travel restrictions. They aim to create by 2020 the ASEAN Economic Community, modeled on European integration of the 1960s and 1970s before the advent of the European Union. ASEAN comprises Brunei, Cambodia, Laos, Vietnam, Indonesia, the Philippines, Singapore, Myanmar, Malaysia and Thailand. At an ASEAN business summit over the weekend, delegates pointed out that Southeast Asia, a star performer of the global economy until the 1997-98 Asian financial crisis, is now attracting only a fifth of what China is receiving in foreign investment. ASEAN leaders were expected to move closer to signing a free trade agreement with China that will eventually create a market of 1.7 billion consumers with a combined gross domestic product of $2 trillion - the biggest free trade zone in the world in terms of population. The Chinese premier, as well as the leaders of India, Japan and South Korea, are attending the summit on Bali - a venue chosen to show the region will not be cowed by the terrorists who blew up two nightclubs here a year ago, killing 202 people.