Asia-Pacific poised to become third global economic powerhouse through regional integration
The Asia-Pacific region is a key player in the global economy, but it needs to focus more on domestic consumption and regional economic cooperation after the financial crisis. By working together through the CEPEA framework, countries in Asia can boost their economies and benefit the rest of the world. This collaboration can create more trade opportunities and help the region become a major economic force alongside NAFTA and the EU. By integrating their economies and working together on monetary and financial issues, Asian countries can increase their global influence and contribute to a more balanced world economy. This cooperation can also promote peace and stability in the region.