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This article presents the analytical findings of economists Jeffrey Frankel of the University of California and Shang-Jin Wei of Harvard University on Japan's plans for the creation of a de facto trade bloc in East Asia. These economists suggest that Americans and Europeans need not fear of Japan's economic supremacy in creating Wast Asia the world's fastest growing region by means of cementing trade ties. Their analysis, summarized in a recent issue of the Federal Reserve Bank of San Francisco's periodical "Weekly Letter," shows scant evidence of a developing Pacific economic bloc dominated by Japan. These economists found that from 1979 to mid-1992, the major East Asian countries all consistently assigned a heavy weight to the dollar in valuing their currencies.

The article reports on a paper in the July 2006 issue of the "American Journal of Sociology" regarding the connection of Northern Europe with East Asia. The paper argues that the global trade network was caused by employee malfeasance. The study was conducted by sociologists Emily Erikson of the University of Massachusetts in Amherst and Peter Bearman of Columbia University in New York City.

Assesses the forecasts of increased competitiveness in international trade among East Asian countries. Highlights of the predictions in the 2001 White Paper on International Trade; Factors attributed to the dynamic development climate in East Asia; Pace of competitiveness heightened by the emerging dominance of China.

The article reports on the decline in U.S. foreign trade, as of June 1928. It presents an analysis of the U.S. foreign trade position as indicated in the nation's imports and exports and the need to use exceptional care in scrutinizing the divergent conditions in certain crucial markets to maintain a satisfactory level in overseas economic efforts for 1928. It also provides an update on the foreign trade situation in Europe, Great Britain, Latin America, and the Far East.

The article examines the foreign trade policies of the administration of U.S. President Bill Clinton toward East Asia as of September 1995. The Administration can claim the rare achievement of imperiling relations with Japan and China simultaneously and this is the result of a set of initiatives that make its Bosnia policy look like high strategy. The president renewed China's Most Favored Nation (MFN) status by Executive order in June 1993, but, in response to pressure from Congress, worded the Order so as to make MFN renewal contingent on specific human-rights improvements. In May 1994 Clinton renewed MFN unconditionally, announcing a policy of constructive engagement. The MFN decision was largely a response rather than part of a coherent China strategy.

The author ponders on the engagement of East Asian countries in the international trade. The author states that countries such as South Korea, Japan, and China, have been lately started to join into regional trade agreement (RTA) and cites that they have been expanded into agreements towards regionalism in 1990. However, the author also mentions that most of the intraregional agreements they have affiliated have not yet reached to scope and depth.