The deepening economic interdependence in the APEC region
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The deepening economic interdependence in the APEC region

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Published by APEC Study Center, Institute of Developing Economies in Tokyo, Japan .
Written in English

Subjects:

  • Asia -- Foreign economic relations -- Pacific Area.,
  • Pacific Area -- Economic integration.,
  • Pacific Area -- Foreign economic relations.

Book details:

Edition Notes

Statementedited by Keiji Ōmura.
ContributionsOmura, Keiji., Asia Pacific Economic Cooperation (Organization). Study Center., Ajia Keizai Kenkyūjo (Japan)
Classifications
LC ClassificationsHC681 .D423 1998
The Physical Object
Paginationxi, 220 p. :
Number of Pages220
ID Numbers
Open LibraryOL19467113M
ISBN 104258590010

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Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. Since the Plaza Accord, economic interdependence among the Asian economies has been deepening on the back of rising intra-regional trade and investment, while their dependence on the United States has fallen sharply. Based on these emerging trends, this book explores the possibility of forming a yen bloc in the Asia-Pacific region. The model captures international specialization among regional neighbors in a simple way and enables us to quantify how their deepening interdependence affects economic activities in the area. Our main findings are as follows: (i) A Japanese recession may cause recession in East Asia and thereby rebound on Japanese exports. The Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitating economic growth, cooperation, trade, and investment in the Asia-Pacific region. It was established in in response to the growing interdependence of Asia-Pacific economies and the advent of regional economic blocs.

  Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. "Research by APEC's Policy Support Unit last year shows that APEC members are three times more likely to export to, and two times more likely to import from, a fellow member than a non-member," Ambassador Noor revealed to delegates of the Conference on Asia-Pacific Regional Economic Integration and Architecture in Auckland. APEC's role in sustaining regional growth and development derives from growing intraregional economic interdependence. The activities of the ten Working Groups are an essential part of APEC's efforts to contribute to the region's development and prosperity. 1. Interdependence in APEC Lower Interdependence in Influence of the Asian Crisis It is now widely believed that the interdependence of Asia Pacific economies has deepened. A research result published in showed a deepening interdependence in the APEC region by estimating import functions of major APEC members (see Osada ()).

ASEAN holds a geopolitically important position and has become a major player in the Asia-Pacific region in light of deepening mutual economic interdependence. ASEAN has played a major role in East Asian regional cooperation thus far, and ASEAN integration and development will be extremely important for the stability and prosperity of both. Recognizing our economic interdependence as well as our economic diversity, we envision a community of Asia Pacific economies in which: We reaffirm our support for the continued development of APEC as a forum dedicated to producing tangible economic benefits to the region. We urge APEC to expand its economic dialogue and advance its. The Asia-Pacific Economic Cooperation (APEC) Forum’s Leaders Summit will be held in Lima, Peru from November 19 to 20, The theme of the summit is “Quality Growth and Human Development” and the official logo is the architecture of the ancient city of Caral. It will be the second time Peru hosting to the APEC Summit, previously it had hosted the event in   Asia’s economic and political interdependence 28 May Author: Peter Drysdale, Editor, East Asia Forum. The famous Swedish economist, sociologist, politician and recipient of the Nobel Prize for economic science, Gunnar Myrdal, wrote a massive study of Asia’s development prospects in the early s called Asian Drama: An Inquiry into the Poverty of Nations.