People of the Pacific Basin must decide how to manage the Pacific Ocean commons, who does what in a changing industrial structure, and how to adapt to the new technological revolution. Although the United Nations' Law of the Sea moved into national jurisdiction many of the ocean resources of the Pacific Region, there is one new major resource--ocean thermal energy conversion (OTEC)--which, if managed well and in a cooperative manner, could be a source of much needed energy. OTEC is based on the idea that the substantial differences in temperature between the ocean surface and deep waters can be converted into energy by pumping the cold water to the surface. In the 21st century, sharing an ocean may be at least as good a basis for cooperation as sharing a land mass. The established leadership of each Pacific Region country--in politics, corporations, and trade unions--is making the readjustments made necessary by technological advancement. International cooperation can also help. Governments should try, through international agreements, to gain access to rich markets abroad for their products. An international central bank should be developed to shield the international monetary system from the domestic vagaries of U.S. monetary policy. As is much of the world, the Pacific Basin is fast becoming an information society. The implications are tremendous. For example, because of communication satellites and fast computers, people of the Pacific Basin no longer need to think of themselves as living in a remote part of the world. If they so choose, they too can participate in rule, power, and authority. (RM)