ASU Center on Asian and Pacific Rim Trade and Economic Development
Recent decades have witnessed the emergence of the Asian and Pacific Rim economies as a powerful force in the global economy. Increased trade with Asia and the desire to promote economic development in Arizona through globalization suggests the need for the proposed Center on Asian and Pacific Rim Trade and Economic Development. Given the growing importance of these economies, it is essential to develop a sophisticated understanding in economic terms as well as socially and culturally.
When one considers Arizona’s global connections, its proximity
to Latin America suggests an economic orientation southward, and we are
indeed advancing teaching and research in this direction through our Pan-American
Initiative. Metropolitan Phoenix, however, is one of the largest American
cities located near the Pacific Rim. As metropolitan Phoenix diversifies
its economy, and in particular its high-tech base, increased trade with
Asia is both inevitable and desirable. Through the center we can broaden
opportunities in technology transfer and promote industrial research collaborations.
The economic prosperity of our region may be tied to Asia and the Pacific
Rim as well as Latin America.