HPU News for November 2011

HPU holds APEC panel discussion

November 10, 2011

APEC discussed at HPU, SIFE

In front row, economist Leroy Laney, Ph.D; College of Business Administration Dean Deborah Crown, Ph.D.; chairman of the Department of Social Sciences Carlos Juarez, Ph.D.; and Chamber of Commerce of Hawai‘i President and CEO Jim Tollefsen are joined by some members of HPU’s Students in Free Enterprise, following a presentation on the impact of the Asia-Pacific Economic Cooperation Conference on local businesses.

HONOLULU — Hawai‘i Pacific University students, faculty and staff filled the seats of The Plaza Club Nov. 2 to listen to three local experts discuss the Asia-Pacific Economic Cooperation (APEC) Conference.

Jim Tollefson, president and CEO of the Chamber of Commerce of Hawai‘i, joined HPU professor Carlos Juarez, Ph.D., chairman of the Department of Social Sciences, and noted economist and HPU professor Leroy Laney, Ph.D., for a panel discussion on “The Impact of APEC on the Future of Entrepreneurship in the Pacific.”

The heavily-attended event was hosted by HPU’s Students in Free Enterprise (SIFE). It was part of the Pappas Entrepreneurial Lecture Series, presented by the College of Business Administration Entrepreneurship Center.

The Chamber of Commerce is sharing Hawai‘i success stories with the influx of international delegates, journalists and visitors to APEC, Tollefson said. The chamber created the Hawaii Business Innovation Showcase, and award winners are being recognized at various Hawaii APEC programs.

“We went to leading, cutting-edge businesses — entrepreneurs, frankly — who have these great products and services,” Tollefson said.

Juarez, who is Honorary Consul General for Peru, reminded the audience how APEC member economies also include three Latin American countries.

“Mexico is a key player for the United States, our largest trading partner,” he said. “That relationship with Mexico is very complex.” Mexico and other APEC member economies Peru and Chile “see themselves as part of the Pacific Rim.

“Their own world view and, more importantly, their interconnection today is increasingly more and more with Asia,” notably with China, Japan and Korea. Those strengthening ties could affect those Latin American countries’ relationships with the U.S., Juarez noted.

APEC member economies also include several of the United States’ major trading partners, said Laney, panel moderator. “From a U.S. perspective, it accounts for about 58 percent of U.S. exports to the rest of the world.”

Laney said APEC boasts the world’s three largest economies, the U.S., China and Japan. “No other economic bloc does that.”

Following their presentations, Tollefson, Juarez and Laney took questions from the audience.

“We really endorse that people learn more about APEC because it has just a huge impact, not just on the global economy but the local economy, as well,” said SIFE President Ingrid Johnsen.

She was impressed with Tollefson’s presentation on how local businesses will be promoted by APEC, since SIFE is focused on entrepreneurism. HPU professors Juarez and Laney provided worthwhile insights about international relations and economics, she added.

For more information about SIFE and its upcoming events, email sife.hpu@my.hpu.edu. Learn more about the Entrepreneurship Center at http://www.hpu.edu/CBA/Entrepreneurship_Center/index.html.