Senator Yuen Pau Woo

A shift by Chinese authorities from emphasizing exports to boosting domestic demand will create unprecedented opportunities for Canadians, from academics to exporters of more than just potash. It’s an opportunity to make China and the rest of Asia loom as large in our imagination as the United States. Or, is the opportunity an imperative? This article is adapted from a speech given by Yuen Pau Woo, President and CEO of the Asia Pacific Foundation of Canada, on November 25, 2009…

Abstract This paper measures economic integration in the Asia-Pacific (AP)region using a composite index. The weights of the index are obtainedfrom a two-stage principal component analysis. In the firststage, we obtain a convergence index to measure the extent ofconvergence among the main macroeconomic indicators of asample of AP economies. In the second stage, we use indicatorsof trade, FDI, and tourism, as well as the convergence index, tocompute the weights for the composite…