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Article
Publication date: 1 March 1997

Alan M. Rugman

The Asia‐Pacific Economic Cooperation (APEC) forum has only recently included investment liberalization on its agenda. A review of actions since the Bogor declaration of…

Abstract

The Asia‐Pacific Economic Cooperation (APEC) forum has only recently included investment liberalization on its agenda. A review of actions since the Bogor declaration of 1994 reveals that critical components of an investment liberalizing strategy are already being assembled within APEC. For example, an investment experts group has been meeting regularly and it has undertaken work on impediments to investment and on implementing the non‐binding investment liberalizing procedures endorsed by members at Bogor in 1994. Investment is also now a required component of each member's annual individual action plan. It would be useful to formalize this process and then move towards adoption of the rules‐based investment provisions of NAFTA, especially the national treatment principle. Then the process developing within APEC to liberalize investment as well as trade by 2020 would help to speed up the economic integration of APEC.

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Asia Pacific Journal of Marketing and Logistics, vol. 9 no. 3
Type: Research Article
ISSN: 1355-5855

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Handbook of Transport Strategy, Policy and Institutions
Type: Book
ISBN: 978-0-0804-4115-3

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Article
Publication date: 1 March 1997

Doren D. Chadee and Deborah A. Schlichting

APEC represents the world's most powerful economies. Although much trade related research has been undertaken on APEC countries, investment in the region is still not well…

Abstract

APEC represents the world's most powerful economies. Although much trade related research has been undertaken on APEC countries, investment in the region is still not well understood. This paper provides an overview of FDI of selected APEC economies. Three main themes emerge from this review. First, APEC economies have experienced phenomenal growth in FDI over the last twenty years although such growth is uneven among countries. Second, FDI appears to shift from the primary sector into the manufacturing and tertiary sectors of the economy as economies grow further. Thus, future FDI in APEC economies will likely be relatively higher in the tertiary sector as the poorer members of APEC continue to grow. Third, FDI is found to contribute positively to economic growth in all economies considered although results show that FDI in the tertiary sector generally leads to higher economic growth.

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Asia Pacific Journal of Marketing and Logistics, vol. 9 no. 3
Type: Research Article
ISSN: 1355-5855

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Article
Publication date: 1 April 1996

Peter Drysdale and Andrew Elek

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…

Abstract

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.

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International Journal of Social Economics, vol. 23 no. 4/5/6
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 January 2000

Nader H. Shooshtari, Maureen J. Fleming, Jeffrey P. Radighieri and Carl‐Christian Nitzsche

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…

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”.

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Managerial Finance, vol. 26 no. 1
Type: Research Article
ISSN: 0307-4358

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Article
Publication date: 6 March 2017

Hikari Ishido

The purpose of this paper is to address the importance of establishing global value chains (GVCs) through the liberalization of trade in services, with the Republic of…

Abstract

Purpose

The purpose of this paper is to address the importance of establishing global value chains (GVCs) through the liberalization of trade in services, with the Republic of Korea comprising part of these value chains.

Design/methodology/approach

The construction of a database has revealed rather disconnected policy arrangements across Asia-Pacific Economic Cooperation (APEC) members in terms of service trade liberalization.

Findings

Although the economic benefits arising from harmonized and liberalized policies across APEC members are widely recognized in the business sector, the relevant policy coordination seems to be missing.

Research limitations/implications

With this status quo in mind, APEC could work on establishing its own harmonized “service trade commitment table” centering on simple foreign capital participation criteria. This would surely contribute to forming an APEC-wide GVC surrounding Korea, which actively aims to expand its economic ties in the Asia-Pacific region.

Originality/value

The comparison of WTO-based and free trade agreement-based service trade commitments by APEC members (including Korea) and Association of Southeast Asian Nations ten members is an original research area, with many policy implications for Korea in the Asia-Pacific Region.

Details

Journal of Korea Trade, vol. 21 no. 1
Type: Research Article
ISSN: 1229-828X

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Article
Publication date: 1 December 2001

Greg Tegart and Tamsin Jewell

The Asia‐Pacific Co‐operation (APEC) region, which comprises 21 developed and developing economies, is expected to become predominantly urban by 2020 with at least 15…

Abstract

The Asia‐Pacific Co‐operation (APEC) region, which comprises 21 developed and developing economies, is expected to become predominantly urban by 2020 with at least 15 cities exceeding 10 million inhabitants. Whether such megacities will be “healthy” in the sense of physical, mental and social wellbeing is critical to the future of the region. A modified scenario creation technique has been used in this study of APEC megacities to 2020. Fifteen key issues have been identified and these can be grouped using the concept of cities as living organisms. A healthy megacity is one which reduces its resource inputs and waste outputs, whilst simultaneously improving the quality of life for its inhabitants. The study concludes that healthy megacities are possible if appropriate policy actions are taken.

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Foresight, vol. 3 no. 6
Type: Research Article
ISSN: 1463-6689

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Article
Publication date: 1 April 2003

Tamsin Jewell

This paper presents and discusses the APEC Center for Technology Foresight’s experiences with its first five international foresight projects. The projects are described…

Abstract

This paper presents and discusses the APEC Center for Technology Foresight’s experiences with its first five international foresight projects. The projects are described in some detail to illuminate the kinds of topics addressed, the rationale for their selection and the kinds of conclusions which emerged. The impact of the projects on policy is considered, and important additional benefits are demonstrated, especially their contribution to the creation of a “forward‐thinking” culture among scientists and policy‐makers. Thus, the projects are seen to address critical issues of regional and global concern and, at the same time, to build foresight capacity within the Asia‐Pacific region.

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Foresight, vol. 5 no. 2
Type: Research Article
ISSN: 1463-6689

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Book part
Publication date: 1 April 2007

Manoranjan Dutta

Abstract

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European Union and the Euro Revolution
Type: Book
ISBN: 978-1-84950-827-8

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Article
Publication date: 1 October 2001

Greg Tegart and Ainsley Jolley

Increasing urbanization in the Asia and Pacific region is leading to a rapid increase in the number of megacities. A major concern is the issue of sustainable transport…

Abstract

Increasing urbanization in the Asia and Pacific region is leading to a rapid increase in the number of megacities. A major concern is the issue of sustainable transport. This article describes the procedures used and results of a multi‐economy foresight study of sustainable transport in megacities of the Asia‐Pacific region. Key issues and policy actions needed are identified.

Details

Foresight, vol. 3 no. 5
Type: Research Article
ISSN: 1463-6689

Keywords

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