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Japanã¢Â‚¬Â„¢S Approach To Asia Pacific Economic Cooperation

Author

Listed:
  • Peter Drysdale

    (AJRC)

Abstract

Since emerging as a leading industrial economy, Japan has played an important role in promoting Asia Pacific economic cooperation. Japan has been instrumental in every major initiative in economic cooperation in the region over the past three decades, including the Asia Pacific Economic Cooperation (APEC) forum launched in 1989. Japans commitment to free trade, reinforced by its own experience of discriminatory trade policies in the immediate postwar period, has made it a strong advocate of the principle of open regionalism on which APEC is founded. Commitment to this principle has provided the basis for a process of unilateral liberalisation of trade, including agreed time frames, which allows the developing economies of the Asia Pacific region to progress towards free trade in a flexible manner and provides some protection against free riders. The strength of this commitment will assist member economies to counter pressure for preferential trading arrangements and facilitate the extension of free trade to sectors which involve cooperation with economies outside the Asia Pacific region.

Suggested Citation

  • Peter Drysdale, 1998. "Japanã¢Â‚¬Â„¢S Approach To Asia Pacific Economic Cooperation," Trade Working Papers 22864, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:tradew:22864
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    File URL: http://www.eaber.org/node/22864
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    Cited by:

    1. Kwack, Sung Yeung, 2004. "An optimum currency area in East Asia: feasibility, coordination, and leadership role," Journal of Asian Economics, Elsevier, vol. 15(1), pages 153-169, February.

    More about this item

    Keywords

    Japan; APEC; Asia Pacific;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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