 APEC: A Case of Open RegionalismA. S. Bhalla and P. Bhalla Chapter 5 in Regional Blocs, 1997, pp 98-120 from Palgrave Macmillan Abstract: Abstract The Asia-Pacific Economic Cooperation (APEC) Forum is one of the most recent and potentially significant cooperation initiatives. Established in 1989, this forum consists of 18 members from both developed (Australia, Canada, Japan, New Zealand and the United States) and developing countries (Brunei, Chile, China, Hong Kong, Indonesia, Malaysia, Mexico, Papua New Guinea, Philippines, Republic of Korea, Singapore, Taiwan, Thailand). Owing to its large membership, the fact that it includes the world’s leading economic powers, the US and Japan, and the world’s most rapidly growing newly industrializing economies (NIEs) of East Asia, it is likely to become an important influence in shaping the future of multilateral trade and globalization.1 APEC’s diverse group of economies accounts for more than half of world GDP, almost 40 per cent of world trade (compared with the EU-12 share of about 41 per cent) and about 65 per cent of intra-APEC exports which is higher than the EC share of intraregional exports (Elek, 1992; Yamazawa, 1996). Keywords: Free Trade; Trade Liberalization; Open Regionalism; Uruguay Round; Free Trade Area (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25811-6_5 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-25811-6_5 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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