APEC adrift: implications for economic regionalism in Asia and the Pacific

Author: Ravenhill J.

Source: The Pacific Review, Volume 13, Number 2, 1 June 2000 , pp. 319-333(15)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

APEC’s lack of success in securing tangible benefits in its first decade has particularly disappointed its ‘Western’ members. Its failures stem primarily from three weaknesses: a lack of consensus over its objectives and how these might best be realized; the absence of an institutionalized driving force for the grouping; and a failure to engage with civil society. APEC’s shortcomings have put at risk what is arguably its most significant achievement: the annual meetings that bring together leaders from around the Pacific Rim. Modest changes to organizational procedures might enhance APEC’s prospects – especially if its efforts are concentrated in trade facilitation and economic and technical cooperation rather than on trade liberalization. Such a change in direction would not only return APEC to its roots but also be in accord with the priorities of East Asian governments.

Keywords: REGIONALISM; INTEGRATION; COOPERATION; ASIA-PACIFIC; TRADE LIBERALIZATION

Language: English

Document Type: Research article

Publication date: 2000-06-01

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