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Asia Pacific
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Asia-Pacific
or APAC is that part of the world in or near the
Western Pacific Ocean. The area includes much
of East Asia,
Southeast Asia, Australasia and Oceania). Sometimes
the term Asia-Pacific includes South Asia, though
India
and its neighbours are on or near the Indian Ocean
rather than the Pacific Ocean. The term may also
include Russia
(on the North Pacific) and countries in North
and South
America which are on the coast of the Eastern
Pacific Ocean.
Although an imprecise geographical descriptor,
the term Asia-Pacific became popular from the
late 1980s as the economies within the heterogeneous
region flourished due to increased regional capital
flow, trade and other forms of economic and political
interaction. The inclusion of Oceanian countries
such as Australia
and New
Zealand is largely based upon the economic
relationships between those countries and their
East Asian trading partners to the north.
In some contexts, the region may extend further
to include major Asian countries, as well as those
around the Pacific Rim, stretching from Oceania,
up to Russia, and down the western coast of the
Americas. The Asia-Pacific Economic Cooperation,
for example, includes Canada,
Chile, Russia,
Mexico,
Peru, and the United
States. (Credit:
Wikipedia).
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