Boao Forum: Asia's Choice Amid Globalization

Representatives from 25 Asian countries and Australia sealed the deal for
the establishment of the Boao Forum for Asia (BFA) Monday on this tropical
island in south China, paving the way for the formal launch of the Asian-led
international conference organization Tuesday.
Analysts here said the BFA is an inevitable choice for Asian countries amid
accelerating globalization, and will provide a platform of communications
and dialog for Asians to iron out their differences and establish mutually
beneficial co-operation.
Participants noted that economic globalization will be the top priority on
the agenda of the BFA, and that the severe situation will force Asian
countries to integrate their advantages before they can confidently face the
challenges of globalization.
The prevailing view among experts is that economic globalization has
increased the inter-dependence of Asian economies, and that enhanced
coordination and co-operation in the economic and financial fields will help
prevent financial turmoil, for the mutual benefit of Asian countries.
The message from the BFA is clear: Asians have realized that they have many
things in common, and have found a way to deal with globalization, i.e., by
eliminating estrangement and seeking closer co-operation.
Robert James Lee Hawke, former prime minister of Australia and an active
advocate of the forum, said the BFA will help Asian countries prepare for
participation in the process of globalization.
The idea of the BFA was first suggested two years ago, in the wake of the
Asian financial crisis. This very crisis shows clearly how pale and weak the
countries of Asia were in coordinating their economic policies to fend off
the crisis. 
The crisis proved to Asian countries that regional co-operation,
communications and bilateral aid are vitally necessary to enhance their
defense against potential financial crises.
It is widely noted that regional co-operation has been increasing in other
parts of the world, as represented by the North American Free Trade Zone and
the European Union.
Representatives to the forum pointed out that it will be an important
mission of the forum to seek solutions to poverty, population, environment
and other issues facing Asia amid the background of globalization.
They also discussed the issue of cultural values, and held that the
establishment of the BFA will make it easier for Asian arts, cultures and
traditions to get the respect and support which they deserve, and at the
same time make Asia a more interesting partner by keeping its many unique
characteristics. 
The advocates stressed the non-official, non-political and openness of the
forum, with the consideration that the gathering of the world's best brains
will help Asian leaders and entrepreneurs make wiser decisions, while
avoiding ideological arguments will provide an environment for free
exchanges and deliberations.
Asian countries have show strong interest in the establishment of the forum,
according to Chen Jinhua, co-chairman of the Preparatory Committee.
Experts predict that the forum will help Asian countries to protect their
interests and enhance their competitiveness as a unity, and may have laid
the cornerstone for another Asian economic miracle.
The time has come for Asians to leave behind their differences and become
united. The launch of the BFA is a good beginning for this, the organizers
claimed. 




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