Pacific Rim (4172)

The Pacific Rim refers to the countries and cities located around the edge of the Pacific Ocean. more...

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There are many economic centers around the Pacific Rim, such as Hong Kong, Singapore, Seoul, Tokyo, Manila, Los Angeles, Taipei, Sydney, Melbourne, Brisbane, Auckland, Santiago, San Francisco, Seattle, San Diego, Portland, and Vancouver. Honolulu is the headquarters of various intergovernmental and non-governmental organizations of the Pacific Rim including the East-West Center, Institute of Asian Research In addition, the RIMPAC exercise is coordinated by United States Pacific Command which is headquartered in Honolulu.

The region has great diversity — with the economic dynamism of Hong Kong, Taiwan and Singapore; the technological expertise of Japan, Korea and the western United States; the natural resources of Australia, Colombia, Canada, Mexico, the Philippines, the Russian Far East and the United States; the human resources of China and Indonesia; the agricultural productivity of Australia, Chile, New Zealand, the Philippines, and the United States among others.

Non-Economic Significance

Some theorists opine that with the established centers of industrialism in Europe and eastern North America apparently stagnating relative to the developing world, especially in Asia, the center of world economic activity may refocus on the Pacific Rim, with a consequent decline in the Western countries surrounding the Atlantic. This notion arose in the late 1980s and 1990s, when various hitherto underdeveloped Asian economies such as Thailand, Malaysia and South Korea began to rapidly modernize and grow at phenomenal rates. Before this time the only major industrialized economy in the region had been Japan, somewhat isolated from the major developed areas of the world, and at least partly dependent on export trade with Europe and North America to maintain its westernized living standards.

The sudden appearance of the Asian Tigers, as the newly developing countries became known, drew the attention of the West to the region, and opened the possibility that the old economic world order might be under threat from these dynamic young economies. The Pacific Rim concept represented a hope that these growing Asian economies might be drawn into a relationship with other forward-looking economic centers bordering the Pacific, like Australia, California, and the Pacific Northwest, and thereby rescue at least some First World countries from economic oblivion. In the early optimism of the Internet boom, the obvious technology synergies between Japan, Korea and Southeast Asia, and the well-established technology heartlands of Seattle and San Francisco strongly supported this idea.

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