it was persuade companies in the region to chosen between the united states and russia - - or possibly between japan and china . and it would collapse a threat the newest formed asia western economic cooperation ( apec ) holds as a vehicle to assure american commercial access to the booming domestic markets . to hazard all of this in the absence of a flawed theory is foolish . this is not to deny the administration ' s justified frustration with a persistently huge asian commercial debt .
APEC is the newly born Asia Pacific Economic Cooperation.