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Economic Regionalization in the Asia-pacific

Economic Regionalization in the Asia-pacific

Challenges to Economic Cooperation

M. Dutta

This original and comprehensive book provides a unique insight into the development of economic regionalization, with special reference to the Asia-Pacific. It presents international globalization strategies from a historical perspective and then analyses the effects on the development of Asia-Pacific Economic Cooperation (APEC). Focusing on APEC itself, the author provides a detailed investigation into its organization and agenda, and thorough personal interviews with some of the most influential people who have worked for APEC.

Chapter 22: APEC Organization

M. Dutta

Subjects: asian studies, asian economics, economics and finance, asian economics, international economics


Page 195  22  APEC Organization  EMINENT PERSONS’ GROUP (EPG)  In Part II, I have shared with the readers my extended conversations with the “Eminent Persons” of South Korea, the United States of America, Indonesia, the  People’s Republic of China, Singapore, Australia, Thailand and Malaysia. Earlier in 1994, I also had an occasion to exchange views on APEC with the EPG member  of Japan (Yamazawa, 1994). I remain pointedly advised by each eminent person I have spoken with that he/she acts not as an official of the government of the specific  member­country, but as a non­official advisor. In a different context, they would have been designated their home country’s Ambassador to APEC. Or, the designation  Advisor Plenipotentiary may appropriately describe the office. An international organization of 18 sovereign nation­state­based economies with a combined gross  national product of U.S.$ 13.2 trillion in 1993, 56 per cent of the world’s total GNP, and 46 per cent of the world’s total merchandise trade, would certainly warrant a  standing appointment of a group of high ranking advisors.  In 1992, APEC foreign ministers at their meeting in Bangkok, Thailand voted to set up an independent, non­governmental Eminent Persons’ Group, with one eminent  person from each member­country. Professional/scholarly eminence became the basis for an individual member’s designation. These eminent persons, so appointed,  resolutely maintained their independent, non­governmental status.  The EPG’s assignment was to develop an agenda for APEC, and they completed their task by developing, A Vision for APEC: Towards...

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