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APEC is an experimental multilateralism, relying not on a large bureaucracy but rather upon national government agencies, semi-autonomous inter-governmental committees and "virtual" associations. Organized around the principles of consensus, voluntarism and unilateralism, APEC has eschewed binding agreements enforced through monitoring and robust compliance mechanisms. This volume assesses the strengths and weaknesses of APEC's "soft" institutionalism, and its capstone policy report, "Remaking APEC", identifies reforms that would close the credibility gap between APEC's promises and accomplishments. Chapters by leading scholars at APEC Study Centres investigate APEC's core agenda -- trade and investment liberalization and capacity-building -- delve into the inner workings of APEC's bureaucracy, and explore APEC's interactions with civil society, including the private sector and NGOs.This volume contains both the policy report and in-depth specialized studies. It is the product of the APEC International Assessment Network (APIAN), a collaborative, independent project among participating APEC Study Centres. APIAN's first major study, Assessing APEC's Progress: Trade, Ecotech and Institutions was also published by ISEAS (2001)

The tuna resources of the Western and Central Pacific (WCP) are the world's largest and most valuable fisheries of their type and are of significant economic importance to the Pacific Island countries (PICs), through whose waters of national jurisdiction the tuna migrate. Two major concerns exist with the current governance of the fishery. First, PICs are receiving only a small share of the resource rents from the tuna fisheries. Second, current management structure of the fisheries will not ensure the long-term sustainability of the resources. The paper presents a simple model to argue for increased resource taxation as a means of raising tax revenues and improving sustainability of the resource. Such an outcome is only possible when a single policy-maker has the prerogative to set taxes so that the government acts as a Stakelberg leader in this game. Institutional mechanisms to engender cooperation between PIC governments and with distant water fishing nations (DWFNs) to achieve the espoused outcomes of the model are also presented.

The tuna resources of the Western and Central Pacific (WCP) are the world's largest and most valuable fisheries of their type and are of significant economic importance to the Pacific Island countries (PICs), through whose waters of national jurisdiction the tuna migrate. Two major concerns exist with the current governance of the fishery. First, PICs are receiving only a small share of the resource rents from the tuna fisheries. Second, current management structure of the fisheries will not ensure the long-term sustainability of the resources. The paper presents a simple model to argue for increased resource taxation as a means of raising tax revenues and improving sustainability of the resource. Such an outcome is only possible when a single policy-maker has the prerogative to set taxes so that the government acts as a Stakelberg leader in this game. Institutional mechanisms to engender cooperation between PIC governments and with distant water fishing nations (DWFNs) to achieve the espoused outcomes of the model are also presented.

APEC as an institution : multilateral governance in the Asia Pacific (A project of the APEC international assessment network (APIAN)) -- Contents -- The Contributors -- Glossary -- Introduction -- Section I: Policy Report -- 1. Remaking APEC as an Institution: The Third APIAN Policy Report -- Section II: APEC's Strategic Objectives -- 2. APEC's Overall Goals and Objectives, Evolution, and Current Status by Hadi Soesastro -- 3. APEC as a Pacific OECD Revisited by David MacDuff and Yuen Pau Woo -- Section III: Management Reforms -- 4. The APEC Secretariat: A Management Perspective by Stewart Goodings -- 5. Project Selection and Evaluation: APEC's Budget and Management Committee and the Secretariat by Richard E. Feinberg -- Section IV: Trade, Investment and ECOTECH -- 6. The APEC Decision-Making Process for Trade Policy Issues: The Experience and Lessons of 1994–2001 by Joseph M. Damond -- 7. Towards an Assessment of APEC Trade Liberalization and Facilitation by Ippei Yamazawa and Robert Scollay -- 8. Investment Liberalization and Facilitation in the Asia-Pacific: Can APEC Make a Difference? by Myrna S. Austria -- 9. The Wheel that Drives APEC: The Critical Role and Mandate of ECOTECH in APEC by Medhi Krongkaew -- 10. Potential in Search of Achievement: APEC and Human Resource Development by Nigel Haworth -- Section V: Non-Governmental Participation in APEC -- 11. Business Involvement in APEC by Michael C. Mullen -- 12. Civil Society Participation in APEC by Stewart Goodings -- Section VI: APEC and the Security Agenda: First Thoughts -- 13. APEC's Role in Political and Security Issues by John McKay -- Index.