Open regionalism in the Pacific: a world of trading blocs?

The center of international economic activity is shifting to the Asia-Pacific region. Another trend is emerging in the form of the creation of economic blocs in areas that have a dramatic impact on international trade. Trading blocs are being formed within the European Community and among the US, Canada and Mexico. The Asia-Pacific region is expected to welcome foreign trade and investment from other areas as a result of the participation of the US and Canada in its regional development.