Peter Drysdale Urges Asia-Pacific Cooperation as Global Stability Beacon
Economist Peter Drysdale advocated for the Asia-Pacific community to serve as a global beacon of stability and cooperation during a recent interview in Canberra.
Peter Drysdale, head of the East Asian Bureau of Economic Research and East Asia Forum at the Australian National University, called for the Asia-Pacific community to act as a global beacon of stability and cooperation. Speaking in Canberra, Drysdale argued that the Asia-Pacific Economic Cooperation (APEC) initiative serves as a stabilizing force in the international political economy by reducing global uncertainties through shared interests.
Drysdale attributed the increasing global significance of the region to the industrialization and modernization of China, characterizing the area as an important bastion for openness. He emphasized that building confidence in cooperation is essential for addressing current economic and political challenges.
Looking forward, Drysdale identified the upcoming 33rd APEC Economic Leaders' Meeting as a critical event that will draw significant global attention.
