ABSTRACT
This chapter presents development of economic cooperation between members of existing and new international organizations in the Pacific Basin. The post-Cold War era of the 1990s witnessed major changes in international relations in the Pacific Basin. The most dangerous potential flash point along the western rim of the Pacific Basin in the 1990s was the Korean peninsula where South and North Korea were technically in a state of war. Though Australian led and dominated the force included personnel from many other Pacific Basin countries: New Zealand, Canada, the US, South Korea, Thailand, the Philippines, Singapore and Malaysia. In the post-Cold War world South Korea was no longer a special case for US assistance, as had happened in earlier economic crises. The investments by Japanese capitalists in Russia were also a mere 0.5 per cent of world-wide Japanese investment.
