The 2013 Asia-Pacific Economic Cooperation meeting was held in Bali, Indonesia, from Oct 5 to 7 under the theme of "Towards Resilience and Growth: Reshaping Priorities for the Global Economy". According to the organizers, the summit was aimed at building Asia-Pacific into a region of vitality to enable it to fuel global economic growth.

APEC's motto and motive are more that welcome, especially when large parts of the global economy are still struggling with economic downturn. Since the United States and the European Union both are yet to recover from the global financial and the eurozone debt crises, the attention of the entire world is focused on the Asia-Pacific region to put the global economy back on the track of growth.

And the Bali theme shows that APEC has the potential and confidence to pull the global economy out of recession.