Abstract
The world economic pattern of the 1990s will have many characteristics. For example: 1) the world economy will tend to move further toward multipolarization and several fairly large regional economic blocs will be formed with these polars as their center; 2) the United States, Japan, and Europe will play a dominant role in the new world economic pattern; and 3) the Asia-Pacific economies will be the most vigorous part of the world economy. Since the 1980s, with the development of the internationalization of the world economy and regional integration, Asia-Pacific economic cooperation has entered into a new period. However, it is very difficult to form a close entity of economic cooperation (such as the EC) including the whole Asia-Pacific region. Perhaps it is more practical to found a subregional economic cooperative body, such as a “Northeast Asian economic sphere,” in the near future.
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