APEC in the 21st Century

Cover

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Title Page, Copyright

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Table of Contents

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pp. v-vi

Acknowledgements

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pp. vii-

The editors would like to thank all the chapter contributors for their support in generating this volume. Initial versions of the chapters were first presented as papers at the APEC Roundtable on 8–9 June 2001 at the Institute of Southeast Asian Studies (ISEAS) Singapore.

Abbreviations

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pp. viii-xii

1. APEC’s Achievements and Tasks

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pp. 1-20

China hosted the Ninth Leaders’ Meeting and the Thirteenth Ministerial Meeting of APEC in Shanghai in October 2001. China joined APEC together with Hong Kong and Chinese Taipei in 1992. Together with its accession to the World Trade Organization (WTO), this provided a superb opportunity for China ...

2. APEC’s TILF Agenda: Progress and Future Directions

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pp. 21-60

APEC has placed tremendous importance on trade and investment liberalization and facilitation (TILF). This is the reason why TILF is found in two of the three pillars of APEC’s programme. The 1994 APEC Economic Leaders’ Bogor Declaration could be considered as the catalyst for APEC seriously addressing its TILF work. ...

3. Economic and Technical Cooperation in APEC: New Beginning or Revised Agenda?

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pp. 61-88

At almost every APEC meeting, whether within or outside the official APEC circle, the subject of economic and technical cooperation (ECOTECH) is likely to be brought up and discussed among participants. In 2000, ECOTECH was a major focus of discussion at the APEC Summit in Brunei. ...

4. Trading with Favourites: Free Trade Agreements in the Asia-Pacific

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pp. 89-106

Bilateral and regional agreements — often referred to broadly as regional trading arrangements (RTAs) — have proliferated in East Asia in recent years. In this paper, we examine the motivations for countries to enter into such arrangements, identify the risks involved, analyse the significance of the risks ...

5. Preferential Trading Agreements in the Western Hemisphere

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pp. 107-149

As of 30^th June 2001, there were 26 Preferential Trading Agreements (PTAs) in force within the Western Hemisphere (WH). These are listed in Table 1. From that total, 4 are sub-regional PTAs, each aimed at becoming a common market and are now trying to complete the customs union stage.¹ ...

6. The Implications of China’s Accession to the WTO

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pp. 150-187

The ability of China to raise per capita income by over 8 per cent a year over the last two decades places it in a very small group of countries experiencing rapid economic growth.¹ Rising standards of living, including lifting nearly 250 million people out of poverty, have been made possible through a factor-accumulation-based strategy ...

7. International Financial Flows and Regional Financial Safeguards in East Asia

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pp. 188-211

There exists a rich literature detailing the various channels through which a devaluation might be contractionary (see Bird and Rajan 2001a and Rajan and Shen 2002 and references cited within).¹ An important channel that was not paid sufficient attention to in this literature is the so-called “balance-sheet effect” ...

8. Trade and Foreign Direct Investment in East Asia

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pp. 212-300

One notable and common characteristic of the emerging East Asian economies in recent years has been the increase in their international economic transactions such as international trade and foreign direct investment (FDI).¹ In the pre-crisis, “miracle” period, the share of foreign trade in gross domestic product (GDP) was significantly higher ...

About the Contributors

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pp. 301-302