Apec’s evolving role as a regional economic agreement

Abstract

Outlines the development of the Asia Pacific Economic Co‐operation Forum (APEC), which began as a deliberately informal discussion group in 1989, and traces the evolution of its membership and organizational structure. Summarizes the research and planning work undertaken to date, pointing out that decisions are consensus‐based and not binding on members. Lists the issues identified as crucial to the Asian economic crisis by the 1998 APEC meeting and discusses its role in Asia and in the global economy. Admits that significant, tangible results have been few so far and considers the reasons why; but believes it has the potential to “establish itself as a viable force in dealing with the economic problems of its members”.

Citation

Shooshtari, N.H., Fleming, M.J., Radighieri, J.P. and Nitzsche, C. (2000), "Apec’s evolving role as a regional economic agreement", Managerial Finance, Vol. 26 No. 1, pp. 1-13. https://doi.org/10.1108/03074350010766431