The Pacific, A New « New World », by René Servoise Facing each other on opposite sides of the Pacific are the two most powerful and successful économies of the free world, the United States and Japan. Economically and technologically, they are creating a kind of « virtuous spiral » into which a number of other countries of the region are being drawn. A new and self-contained economy is being created around the Pacific basin. It is becoming an economically coherent whole thanks to considerable trans-Pacific trading activity, which is more important than their commercial and financial links with other parts of the world. This entity is technologically advanced and culturally geared towards the 21st century and a spirit of regional cooperation is emerging. An « economic world » (Weltwirtschaft) in the Fernand Braudel sense of the term has developed througt the interplay of economic agents and not by the design of nation states. This world has emerged not from Europe but from the USA and Japan. In this respect it is new « New World ».