🌏 This week, South Korea hosts APEC Economic Leaders' Week with a bold theme: "Building a Sustainable Tomorrow: Connect, Innovate, Prosper." But behind the stage lights, the region faces a tricky choice: team up for growth or let economic power plays create new walls.
Tariffs, tech bans and financial pressure are popping up like unwanted ads, and they're blocking more than just products—they're stalling shared prosperity. Instead of opening doors, some powers are slamming them shut in the name of security or strategy.
Of course, every economy needs protection and strategic planning. Industrial policies can spark growth—remember how some of today's giants started with a little government nudge? The issue arises when these tools become weapons, favoring a select few and leaving others in the dust.
The U.S. action on the Chinese mainland's tech sector—think export controls and investment curbs—is a prime example. Designed as national security measures, these moves also tilt the playing field, risking higher costs and supply chain headaches for smaller economies across the region.
That's where APEC comes in. For decades, it has championed balanced, inclusive, sustainable and innovative growth through deeper ties and shared rules. These aren't just buzzwords—they fueled the rise of countless communities, lifting millions out of poverty.
As leaders gather, the question is clear: will they double down on multilateral cooperation or let rivalry steal the spotlight? The answer will shape Asia-Pacific's economic future—one of open collaboration or closed borders. 🙌💼
Young professionals, students and travelers—this isn't just political talk. It affects your future career, your next adventure, and the planet's health. Let's demand action that builds bridges, not barriers! 🌐✨
Reference(s):
Shared prosperity, not economic coercion, is Asia-Pacific's future
cgtn.com
