The Asia-Pacific (APAC), also known as the Indo-Pacific, is a major geopolitical and economic region of the world adjoining the western Pacific Ocean and comprising the part of the Old World located outside the EMEA region. The region's precise boundaries vary depending on context, but countries and territories in the Far East (East Asia, North Asia, and Southeast Asia) and Oceania are often included while countries in Central Asia and South Asia are also sometimes included. In a wider context, even countries and territories in West Asia and the Pacific-adjoining countries in the Americas can be included. For example, the Asia-Pacific Economic Cooperation (APEC) includes five economies (Canada, Chile, Mexico, Peru, and the United States) in the New World (more standardly referred to as the Western Hemisphere). The term has become popular since the late 1980s in commerce, finance, and politics. Despite the heterogeneity of the regions' economies, most individual nations within the zone are emerging markets experiencing significant growth. Sometimes, the notion of "Asia-Pacific excluding Japan" (APEJ) is considered useful.
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👉 Asia–Pacific in the context of Post–Cold War world
The post–Cold War era is a period of history that follows the end of the Cold War, which represents history after the dissolution of the Soviet Union in December 1991. This period saw many former Soviet republics become sovereign states, as well as the introduction of market economies in Eastern Europe. This period also marked the United States becoming the world's sole superpower.
Relative to the Cold War, the period is characterized by stabilization and disarmament. Both the United States and Russia significantly reduced their nuclear stockpiles. Much of the former Eastern Bloc became democratic and was integrated into the world economy. In the first two decades of the period, NATO underwent three enlargements, and France reintegrated into the NATO command. Russia formed the Collective Security Treaty Organization to replace the dissolved Warsaw Pact, established a strategic partnership with China and several other countries, and entered the Shanghai Cooperation Organisation and BRICS alongside China, which is a rising power. Reacting to the rise of China, the United States began a gradual rebalancing of strategic forces to the Asia–Pacific region and out of Europe.
Asia–Pacific in the context of Far East
The Far East is the geographical region that encompasses the easternmost portion of the Asian continent, including North, East and Southeast Asia. South Asia is sometimes also included in the definition of the term. In modern times, the term Far East has widely fallen out of use and been substituted by Asia–Pacific, while the terms Middle East and Near East, although now pertaining to different territories, are still commonly used today.
The term first came into use in European geopolitical discourse in the 15th century, particularly the British, denoting the Far East as the "farthest" of the three "Easts", beyond the Near East and the Middle East. Likewise, during the Qing dynasty of the 19th and early 20th centuries, the term "Tàixī (泰西)" – i.e., anything further west than the Arab world – was used to refer to the Western countries.
Asia–Pacific in the context of Empire of Japan
The Empire of Japan, also known as the Japanese Empire or Imperial Japan, was the Japanese nation state that existed from the Meiji Restoration on January 3, 1868, until the Constitution of Japan took effect on May 3, 1947. From August 1910 to September 1945, it included the Japanese archipelago, the Kurils, Karafuto, Korea, and Taiwan. The South Seas Mandate and concessions such as the Kwantung Leased Territory were de jure not internal parts of the empire but dependent territories. In the closing stages of World War II, with Japan defeated alongside the rest of the Axis powers, the formalized surrender was issued on September 2, 1945, in compliance with the Potsdam Declaration of the Allies, and the empire's territory subsequently shrunk to cover only the Japanese archipelago resembling modern Japan.
Under the slogans of "Enrich the Country, Strengthen the Armed Forces" and "Promote Industry" which followed the Boshin War and the restoration of power to the emperor from the shogun, Japan underwent a period of large-scale industrialization and militarization, often regarded as the fastest modernization of any country to date. All of these aspects contributed to Japan's emergence as a great power following the First Sino-Japanese War, the Boxer Rebellion, the Russo-Japanese War, and World War I. Economic and political turmoil in the 1920s, including the Great Depression, led to the rise of militarism, nationalism, statism and authoritarianism, during which Japan joined the Axis alliance with Nazi Germany and Fascist Italy, conquering a large part of the Asia–Pacific; during this period, the Imperial Japanese Army (IJA) and the Imperial Japanese Navy (IJN) committed numerous atrocities and war crimes, including the Nanjing Massacre. There has been a debate over defining the political system of Japan as a dictatorship, which has been disputed due by the absence of a dictator, and over calling it fascist. The other suggested terms were para-fascism, militarism, corporatism, totalitarianism, and police state.
Asia–Pacific in the context of Japanese war crimes
Before and during World War II, the Empire of Japan committed numerous war crimes and crimes against humanity across various Asian–Pacific nations, notably during the Second Sino-Japanese War and the Pacific War. These incidents have been referred to as "the Asian Holocaust" and "Japan's Holocaust", and also as the "Rape of Asia". The crimes occurred during the early part of the Shōwa era.
The Imperial Japanese Army (IJA) and the Imperial Japanese Navy (IJN) were responsible for war crimes leading to millions of deaths, ranging from sexual slavery and massacres to human experimentation, torture, starvation, and forced labor. Evidence of these crimes, including oral testimonies and written records such as diaries and war journals, has been provided by Japanese veterans.
Asia–Pacific in the context of Guangdong
Guangdong is a coastal province in South China, on the north shore of the South China Sea with Guangzhou as the capital. With a population of 127.06 million (as of 2023) across a total area of about 179,800 km (69,400 sq mi), Guangdong is China's most populous province and its 15th-largest by area, as well as the third-most populous country subdivision in the world.
Guangdong's economy is the largest of any provincial-level division in China, with a GDP of CN¥14.16 trillion (US$2.0 trillion in GDP nominal) in 2024, contributing approximately 10.5 percent of mainland China's economic output. It has a diversified economy, and was known as the starting point of ancient China's Maritime Silk Road. It is home to the production facilities and offices of a wide-ranging set of Chinese and foreign corporations. Guangdong has benefited from its proximity to the financial hub of Hong Kong, which it borders to the south. Guangdong also hosts the largest import and export fair in China, the Canton Fair, in Guangzhou. The Pearl River Delta Economic Zone, a Chinese megalopolis, is a core for high tech, manufacturing and international trade. In this zone are two of the four top Chinese cities and the top two Chinese prefecture-level cities by GDP: Guangzhou and Shenzhen, the first special economic zone in the country. These two are among China's most populous and important cities, and have become two of the world's most populous megacities and leading financial centres in the Asia–Pacific region.
Asia–Pacific in the context of UBS
UBS Group AG (stylized simply as UBS) is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's largest private bank. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients, with over US$6 trillion in assets (AUM). Based on international deal flow and political influence, the firm is considered one of the "biggest, most powerful financial institutions in the world". UBS is also a leading market maker and one of the eight global 'Bulge bracket' investment banks. Due to its large presence across the Americas, EMEA and Asia–Pacific markets, the Financial Stability Board considers it a global systemically important bank and UBS is widely considered to be the largest and most sophisticated "truly global investment bank" in the world, given its market-leading positions in every major financial centre globally.
UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Apart from private banking, UBS provides wealth management, asset management and investment banking services for private, corporate and institutional clients with international service. The bank also maintains numerous underground bank vaults, bunkers and storage facilities for gold bars around the Swiss Alps and internationally. UBS acquired rival Credit Suisse in an emergency rescue deal brokered by the Swiss government and its Central bank in 2023, following which UBS' AUM increased to over $5 trillion along with an increased balanced sheet of $1.6 trillion.