Promoting Sustainable Development of the Asia-Pacific Region through the APEC Approach: Challenges and Opportunities
In: Asian perspective, Band 22, Heft 2, S. 105-131
ISSN: 2288-2871
Abstract: Whether trade and investment liberalization contribute to sustainable development or sabotage the basis of sustainable development is a question yet to be answered sufficiently, since the countries in the Asia-Pacific region are inclined to rely on foreign trade and foreign direct investment for their economic success. APEC has made remarkable achievements in advancing its trade and investment liberalization agenda due to its flexible mechanism and unique cooperative approach. With the same approach it has much to contribute to sustainable-development endeavors in the region. With the rapid pace of integration into the world economy and liberalization of trade and investment, particularly in Asia-Pacific, developing countries and regions are facing tough choices as to how to achieve economic development on an environmentally sustainable basis. This study reviews and analyzes the state of the region's economies and challenges for the developing economies; and we identify opportunities for regional cooperation through APEC to reduce, simultaneously, the impediments to promoting trade liberalization, environmental improvement, and economic development.