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This book provides the most up-to-date and comprehensive account of the APEC (Asia Pacific Economic Cooperation) organisation and examines the challenges APEC now faces in the new century. Subjects covered include: * the history of APEC * APEC and the latest WTO round * case-studies of countries in the region including China, Japan, Malaysia, Korea and Taiwan * APECs approach to competition and deregulation policy * assessment of APECs standing as an international institution Featuring contributions from distinguished groups of international academic experts, this book is essential reading for all those interested in political and economic developments in the Asia-Pacific.
In 1989, President George Bush was President of the United States the Asia-Pacific Economic Co-operation (APEC) forum was established to promote economic integration around the Pacific Rim and to sustain economic growth. APEC currently has 21 members: Australia; Brunei Darussalam; Canada; Chile; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; Republic of the Philippines; Russia; Singapore; Chinese Taipei; Thailand; USA; Vietnam. The United States, recognising the value of top-level meetings to advance the work of creating a Pacific community, invited member economies' leaders to Blake Island, Washington, to meet informally to discuss major issues in the APEC region. This gathering of economic leaders has become the single most important institution in the Asia Pacific region. It brings top level attention to APEC's vision of free trade and investment as well as providing a forum for leaders to meet on a regular basis both as a group and bilaterally to discuss current issues and resolve disputes. The economic health of the APEC region is vitally important to America's continued prosperity. Economic growth across the APEC region waned this year, largely in response to the slowing US economy and the weakening global demand for many of the Asian members' exports (particularly electronics). Many members have lowered their 2001 growth projections in light of poor performance during the first half of the year, although most will still post positive results. This compelling book about APEC and its background, goals and problems, provides the reader with the necessary information on the crucial role that it plays. A revived Asia-Pacific region means more exports from and investments by U.S. companies, more jobs for Americans and more U.S. economic growth.
"This book assembles papers that were produced under a three year collaborative research program on 'China and APEC' undertaken by the AustraliaJapan Research Centre, in the Asia Pacific School of Economics and Management at The Australian National University and the APEC Policy Research Center, in the Chinese Academy of Social Sciences. ... The work on this project and the papers in the volume provide a base for developing ideas that could be helpful to the policy agenda for APEC 2001."--Preface.
In its first ten years, what has the Asia-Pacific Economic Cooperation (APEC) accomplished? Has the 21-member forum - including the United States, Japan, China, Mexico, and most of Southeast Asia -- fulfilled its promise? To answer these vital questions, leading scholars at APEC Study Centres from thirteen APEC member economies undertook detailed studies of such central issues as trade in services, investment policy, human resource development, food and agriculture, energy, and financial stability.The findings are summarized in a policy report, "Learning From Experience", that has received wide praise and close scrutiny from senior government officials. The report concludes that APEC has successfully established itself as a world-class forum that has contributed to the affirmation of a coherent set of positive ideas. However, the report notes shortcomings in each of the critical areas of trade and investment liberalization, economic and technical cooperation, and institutional structure, and offers remedial policy recommendations to improve APECs future performance. This volume contains both the policy report and the issue studies. It is the product of the APEC International Assessment Network (APIAN), a collaborative, independent project among participating APEC Study Centres to track and assess the design and execution of key APEC initiatives.
Spanning 20 years of history, the achievements of APEC may seem uneventful in the eyes of some observers. Yet careful deliberation will point to APEC's many remarkable high points as well as some of the challenges. The foundations of APEC were set in place about 40 years ago based on the achievements of the Association of Southeast Asian Nations (ASEAN) and the Pacific Economic Cooperation Council (PECC). One of the cornerstones of APEC's vision is to achieve a free and open trade area among its member economies. This vision is anchored in the Bogor Goals that remain the centrepiece of the APEC process. The Bogor Goals represent a cause for celebration as well as angst. Celebration because the region has moved towards achieving a much more liberalized environment of trading and investment since 1989, angst because the deadlines for achieving the goals have not yet been fully realized. Today, APEC embraces many of the world's dynamic developed and developing economies that are better poised to meet the new challenges of this century. For those seeking to get a quick sweep of APEC, this book recalls, reflects and provides enough food for thought on the possible remake of APEC. The chapters are carefully written by experts who have been directly involved in the APEC process one way or another. The invaluable insights serve to place the whole APEC process in a balanced perspective, yet with candid deliberations.
The Asia-Pacific Economic Cooperation (APEC) grouping is the first comprehensive economic arrangement to link countries from around the Pacific Rim. Since its establishment in 1989, APEC has graduated from a ministerial-level gathering of nine countries to an institution that stages annual summits, has a permanent secretariat, and whose twenty-one members have committed themselves to establishing free trade in the region. A decade after its foundation, however, members have been increasingly frustrated with the grouping's progress. In this timely book, John Ravenhill examines the reasons for APEC's establishment, its evolution, and the causes of its failures. His conclusions address central questions in international relations about international collaboration and regionalism. The book will interest all those concerned with broader questions about regional economic and political cooperation.
APEC is a crucial trans-regional arrangement that draws the US into constructive economic engagement with East Asia. This book makes it clear why APEC remains such a crucial element of regional economic architecture and defines an agenda doing forward to which regional leaders should aspire.
Political and academic interest in economic relations among APEC economies and in the APEC process has been gaining momentum. The November 1993 Seattle meetings of APEC ministers and leaders marked a turning point for the APEC forum.APEC: Challenges and Opportunities is the result of the First APEC Roundtable held in June 1994 to analyze the issues involved and explore the future direction of APEC. Two papers provide the background for the analysis of APEC economic relations and the co-operation agenda, one examining security issues in the region and the other, the economic dynamism of East Asia. The next set of papers trace the evolution of the concept of Asia-Pacific economic co-operation, examine the APEC process and structure as well as differences in American and Asia approaches, and explore the likely institutional structure and appropriate agenda for APEC. Also looked into are the trends and patterns of trade and investment interdependence among the APEC countries, the various options for regional trade and investment facilitation, and the cse for an APEC free trade area and an APEC investment code. The two final papers examine subsets of the APEC relationships, namely, the complementary and competitive elements between ASEAN and APEC and between ASEAN and NAFTA.
Assesses the strengths and weaknesses of APEC's 'soft' institutionalism, and its capstone policy report, identifies reforms that would close the credibility gap between APEC's promises and accomplishments. Leading scholars at APEC Study Centres investigate APEC's core agenda and delve into the inner workings of bureaucracy.