{
    "success": true,
    "data": {
        "id": 1111012,
        "msgid": "asia-should-not-look-to-us-for-growth-pbec-1447893297",
        "date": "2001-08-30 00:00:00",
        "title": "Asia should not look to U.S. for growth: PBEC",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Asia should not look to U.S. for growth: PBEC HONG KONG (AFP): South East Asian countries have to look within their own region for future economic growth rather than relying on the United States, the head of a regional economic council said Wednesday. \"ASEAN has to look within itself. It has to look somewhat inward,\" the secretary-general of the Pacific Basin Economic Council (PBEC) Robert Lees said in an interview.",
        "content": "<p>Asia should not look to U.S. for growth: PBEC<\/p>\n<p>HONG KONG (AFP): South East Asian countries have to look<br>\nwithin their own region for future economic growth rather than<br>\nrelying on the United States, the head of a regional economic<br>\ncouncil said Wednesday.<\/p>\n<p>\"ASEAN has to look within itself. It has to look somewhat<br>\ninward,\" the secretary-general of the Pacific Basin Economic<br>\nCouncil (PBEC) Robert Lees said in an interview.<\/p>\n<p>Member countries of the Association of South East Asian<br>\nNations (ASEAN) have seen their economic growth weaken or<br>\ndisappear in the face of the U.S.-led global slowdown.<\/p>\n<p>Due to increased competition around the world, it is getting<br>\nharder to \"export yourself out of your problems\", he said citing<br>\nthe example of Japan.<\/p>\n<p>He said the United States has been the main engine of the<br>\nworld economy and since the Asian financial crisis, which broke<br>\nout in mid-1997, the U.S. has been the \"only game in town\".<\/p>\n<p>\"That's just not sustainable,\" Lees said.<\/p>\n<p>ASEAN has to \"get its proverbial act together\".<\/p>\n<p>\"And how? By really have leaders get together... to say that<br>\nwe have to make this ASEAN free trade area work.\"<\/p>\n<p>\"The barriers have to go down, as you know there is still<br>\nevidence there to protect their own little interests and certain<br>\nindustries.\"<\/p>\n<p>Lees said the total population of half a billion people in the<br>\n10 ASEAN member states makes the region a \"very interesting<br>\nmarket\".<\/p>\n<p>PBEC is a U.S.-based business organization which boasts a<br>\nmembership of more than 1,100 corporations in 20 economies around<br>\nthe Pacific Rim.<\/p>\n<p>Lees' comments in Hong Kong, echoed those made by the head of<br>\nthe regional bloc who was speaking at a university forum in<br>\nSingapore on Wednesday.<\/p>\n<p>\"ASEAN countries have to recognize that they must integrate<br>\ntheir economies faster because investors are looking for large,<br>\nintegrated markets rather than small, fragmented ones,\" ASEAN<br>\nSecretary-General Rodolfo Severino said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asia-should-not-look-to-us-for-growth-pbec-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}