Asia-Pacific Economic Cooperation: The Goods Market

Cayetano Paderanga, Jr.


This articles into the static and dynamic effects of free trade areas such as the ASEAN Free Trade Area (AFTA) and the Asia-Pacific Economic Cooperation (APEC). It emphasizes the political economic role by these groupings in a step-by-step process of opening up and liberalization. It also examines some of the costs of joining APEC and what may be done to ease the process of adjustments.

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