Last Updated Aug 24, 2009 8:52 PM EDT
(Episode 314; 19 minutes 45) Is the time right for the formation of an Asia Pacific economic community, similar in style to the EC?
Professor Fariborz Moshirian from the Australian School of Business recently wrote on the subject for the Journal of Banking and Finance. He says the formation would be a process rather than an event, but would it work in such a diverse region dominated by two key players (China and Japan)?
What would such a market mean for Australia if it provided a free flow of capital and labour? Would it challenge our export position or provide new opportunities?
Professor Moshirian believes it can happen and in the long run it would contribute to greater global financial stability.
What do you think? Leave a comment in the Talkback section at the end of this post.
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