TY - JOUR AB - Presents an essay on Asia Pacific Economic Co‐operation (APEC), an innovative and flexible form of co‐operation designed to accommodate the diversity of the economies on the Pacific Rim. The main challenge for the APEC process is finding a workable compromise between different approaches to economic co‐operation. Points out that the structure of APEC will need great flexibility to accommodate the declining influence of the USA in the Asia Pacific and the increasing strength of the Chinese and South East Asian economies compared to both Japan and the USA. Appendix contains an executive summary of the targets which were agreed by APEC governments, at Bogor, Indonesia, in 1994, in order to realize their vision of free and open trade and investment. VL - 23 IS - 4/5/6 SN - 0306-8293 DO - 10.1108/03068299610121796 UR - https://doi.org/10.1108/03068299610121796 AU - Drysdale Peter AU - Elek Andrew PY - 1996 Y1 - 1996/01/01 TI - The APEC experiment: an open economic association in the Asia Pacific T2 - International Journal of Social Economics PB - MCB UP Ltd SP - 164 EP - 187 Y2 - 2024/04/25 ER -