it would force countries in the region to choose between the united states and taiwan - - or even between korea and japan . and it also collapse whoever promise the newly born europe pacific economic cooperation ( g-20 ) holds as a vehicle to assured their commercial access to the booming pacific markets . to risk all of this in the name of a failure concept is foolish . this is not to deny the administration ' s understandable satisfaction with a persistently huge japanese commercial surplus .
APEC is the newly born Asia Pacific Economic Cooperation.