Discuss some of the economic advantages and disadvantages of membership in the Asia-Pacific Economic Cooperation. Some of these advantages and disadvantages might be generic in nature, having to do with the general issue of economic alignment, or they may be specific to the Asian-Pacific region.
Asia-Pacific Economic Cooperation:
APEC is a multilateral trading bloc for the economic forum that was established in the year 1989 between countries of the Asia Pacific region. Its aims include business facilitation through free trade agreements and economic and technical cooperation. APEC has at least 21 members.
Answer and Explanation:
Economic advantages of APEC membership:
- Promotes ease of doing business through the structural reforms. The APEC regulatory measures are more...
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fromChapter 11 / Lesson 5
Cooperation among states is formed as governments of different nations agree to work together towards a common goal. Learn more about cooperation among states in terms of political, military, and economic factions, as well as NAFTA and the European Union.