As the U.S. and Europe appear to be headed for a deeper economic crisis, some analysts discern a “decoupling” of East Asia and other developing areas from the western economies.
The U.S. and India should not sign a treaty that will only serve the short-term interests of large corporations, and undermine the authority of governments to protect their people from financial crisis.
Europe and Asia should take the initiative to re-design the global financial system, according to delegates at the Asia Europe People’s Forum (AEPF), which began in Beijing today.
The Asia-Europe People's Forum (AEPF) is an inter-regional network of progressive civil society and social movements across Asia and Europe. Since 1996, AEPF has critically engaged the ASEM and has been organising the biennial gathering of people from Asia and Europe parallel to the official ASEM Summit Meetings. It has sustained its advocacy and commitment for peace and security, economic and social rights and democracy and human rights in Asia-Europe relations.
