Integrity Legal

12th June 2011

It recently came to this blogger’s attention that the Prime Minister of Singapore has been discussing some of the issues associated with the development of the Association of Southeast Asian Nations (ASEAN) and that organization’s relationship with other international organizations.  To provide further insight upon these developments it may be best to quote directly from the official website of Channel News Asia, ChannelNewsAsia.com:

JAKARTA: ASEAN’s ties with various regional and international groupings are an organic architecture which is gradually developing, says Singapore Prime Minister Lee Hsien Loong. He was speaking at a plenary session at the World Economic Forum on East Asia in the Indonesian capital Jakarta on Sunday. Mr Lee said ASEAN’s ties with groupings like the East Asia Summit, the ASEAN Plus Three (which involves China, Japan and South Korea) and the Asia Pacific Economic Cooperation (APEC) have helped to strengthen ties with one another. He said while there’s temptation to make things neater, it’s wiser to accept the “untidiness” of these arrangements and let the structures evolve…

The administration of this blog encourages readers to click upon the relevant hyperlinks noted above to learn more on this issue.

An interesting aspect of ASEAN’s evolution involves the fact that ASEAN is quintessentially Asian in that it is somewhat amorphous. The jurisdictions which comprise ASEAN operate both independently, but maintain something of a common purpose and overarching goals. How ASEAN will evolve in the future remains to be seen, but for now it would appear as though “organic” evolution will continue. It should be noted that the United States of America recently was noted for apparently undertaking cooperative efforts to engage ASEAN, along with China. How such developments will play out in the future is anyone’s guess.

On something of a related note, a Chinese rating house was recently noted for an analysis of the U.S. financial situation. To quote directly from Yahoo News Canada at Yahoo.com:

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. “In our opinion, the United States has already been defaulting,” Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying. Washington had already defaulted on its loans by allowing the dollar to weaken against other currencies — eroding the wealth of creditors including China, Guan said…

This blogger encourages readers to click upon the hyperlinks noted above to find out further details. Hopefully, the United States can determine a course of action to deal with such issues that is beneficial for all concerned. Those interested in such matters are encouraged to conduct their own research to come to informed conclusions.

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