Canberra, November 13, 2026 | International News

The Asia-Pacific region has the potential to become an important example of international cooperation and shared prosperity for the rest of the world, according to renowned Australian economist Peter Drysdale.

In a recent interview with Xinhua in Canberra, Drysdale highlighted the importance of strengthening regional relationships, promoting common economic interests and maintaining cooperation amid growing international uncertainties.

He argued that the Asia-Pacific community should serve as a positive example for other regions by demonstrating how countries with different political and economic systems can work together towards shared objectives.

Regional Cooperation Is Essential in a Changing World

The global political and economic environment is facing considerable challenges, including geopolitical tensions, trade uncertainty and changing international economic relationships.

Against this background, stronger cooperation among Asia-Pacific economies could help maintain stability and create new opportunities for sustainable development.

Drysdale emphasised that regional cooperation cannot succeed without a genuine sense of shared identity and common interests among participating countries.

He explained that building a strong regional community requires governments to recognise their mutual interests and develop confidence through practical cooperation.

According to the economist, the Asia-Pacific Economic Cooperation (APEC) framework provides an important platform for achieving these objectives.

APEC Plays an Important Role in Global Economic Stability

Established in 1989, APEC brings together economies from across the Asia-Pacific region to encourage trade, investment and economic cooperation.

The organisation provides opportunities for governments to discuss common challenges and develop approaches to strengthening regional economic integration.

Drysdale described APEC as a stabilising force in the international political economy.

He noted that its principles could help countries manage difficult international circumstances by reducing uncertainty and encouraging greater confidence in economic and political cooperation.

At a time when global markets are increasingly influenced by geopolitical developments, such cooperation has become particularly important.

China’s Economic Development Strengthens Regional Opportunities

The Australian economist also highlighted China’s contribution to the growing importance of the Asia-Pacific region.

He observed that China’s modernisation and industrial development have played a significant role in transforming the regional economic landscape.

China’s expanding industrial capabilities, infrastructure development and international economic engagement have helped strengthen its position in global affairs.

Drysdale also pointed to the importance of continued collaboration, noting that cooperation has remained an important feature of China’s international engagement despite substantial economic changes over the years.

The development of stronger connections between China and other regional economies could create additional opportunities in trade, technology, investment and industrial cooperation.

Asia-Pacific Has a Greater Responsibility in Global Affairs

The region’s growing economic importance also brings greater responsibilities.

Asia-Pacific economies are increasingly connected through international supply chains, financial markets, manufacturing networks and technological development.

Disruptions in one part of the region can have consequences far beyond national borders.

For this reason, maintaining open communication and constructive diplomatic relationships is essential.

A stronger regional community could also help address wider challenges, including climate change, energy security, digital transformation and sustainable economic growth.

The ability of regional economies to cooperate on these issues may influence the future direction of the global economy.

Shenzhen APEC Summit Expected to Attract International Attention

The upcoming 33rd APEC Economic Leaders’ Meeting is scheduled to take place in Shenzhen, China, on November 18 and 19, 2026.

The gathering is expected to provide an important opportunity for participating economies to discuss regional priorities and strengthen their commitment to economic cooperation.

Drysdale described the meeting as an important international occasion, reflecting the growing influence of Asia and the Pacific in global economic affairs.

The discussions could help reinforce the importance of openness, dialogue and constructive partnerships at a time when international economic relationships are undergoing significant changes.

Building a Stronger Community Through Shared Interests

The future of the Asia-Pacific region will depend not only on economic growth but also on the ability of its members to develop lasting partnerships.

Differences in national interests and political approaches may create challenges, but continuous dialogue can help governments identify areas where cooperation is mutually beneficial.

APEC provides an established framework through which economies can strengthen these relationships and work towards common development goals.

Drysdale’s observations underline a broader message: regional stability and prosperity are more achievable when countries focus on shared opportunities rather than allowing differences to prevent cooperation.

As the world faces growing uncertainty, the Asia-Pacific community has an opportunity to demonstrate how international collaboration can contribute to a more stable, open and prosperous global future.