The Future Of The Asia Pacific Economic Cooperation Forum Apec

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The Asia-Pacific Economic Cooperation (APEC) was founded in 1989. Since then the forum has developed into a major player in tri-partite relations between North America, East Asia and Europe. The Seattle and Bogor Summits were landmark events suggesting to many observers a gravitational shift in the world economy and world politics. Yet the Asian financial crisis had a sobering effect on high-flying expectations as APEC contributed little to crisis management. In the light of such contradictory performance, distinguished scholars here examine APEC's achievements and failures, its role and functions in international relations, its linkages with regional organisations and the interplay between the forum and national interests of major factors in the region.

Analyses various aspects of economic cooperation among 18 Pacific-Rim countries, members of the Asia Pacific Economic Cooperation (APEC) forum. Covers trends in the 1990s and gives projections to 2020.

"As perhaps the world's most economically dynamic region, the Asia-Pacific is generating increasing attention from academic, business, and policymaking circles alike. The most ambitious attempt at regime creation in this region began in 1989 with the formation of the Asia-Pacific Economic Cooperation forum (APEC). Asia-Pacific Crossroads provides a novel theoretical approach to examine the interplay of economic, political, and security factors in APEC's evolution. It focuses on the likelihood of APEC becoming smoothly "nested" within the World Trade Organization and considers how subregional groupings in the Asia-Pacific might in turn become nested within APEC."--Book jacket.

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.

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.

As perhaps the world's most economically dynamic region, the Asia-Pacific is generating increasing attention from academic, business, and policymaking circles alike. At a time when the area is projected to continue its unprecedented economic growth well into the 21st century, it is ironic that the Asia-Pacific regional institutional framework is incommensurate with developments in other parts of the world. The most ambitious attempt at regime creation in this region began in 1989 with the formation of the Asia Pacific Economic Cooperation forum (APEC). Asia-Pacific Crossroads provides a novel theoretical approach to examine the interplay of economic, political, and security factors in APEC's evolution. It focuses on the likelihood for APEC to become smoothly 'nested' within the World Trade Organization and considers how subregional groupings in the Asia-Pacific might in turn become nested within APEC. The essays draw on the examples of the OECD and the EU to explore APEC's future prospects for fostering economic liberalization in the Asia-Pacific and across the globe. The book offers the first rigorous and systematic theoretical and empirical examination of the Asia-Pacific Economic Cooperation (APEC) forum by a multinational, interdisciplinary group of scholars.