Prioritizing Foreign Investment In APEC

Anthony Makin and Andreas Chai

Global Economy Journal (GEJ), 2018, vol. 18, issue 3, 1-9

Abstract: Expanded international trade in goods and services has driven economic development in the Asia-Pacific since the 1994 APEC Bogor declaration that called for free trade and investment in the region. Despite this goal, APEC has predominantly focussed on international trade rather than investment. To redress this bias, the paper first highlights the benefits from increased international investment before examining APEC foreign investment flows relative to trade flows in APEC economies. It then examines key trends before concluding that APEC should prioritize foreign investment to accelerate economic development and living standards in the region.

Keywords: Asia-Pacific economies; APEC; Bogor Goals; foreign investment (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1142/GEJ-2018-0025

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