1. APEC and the search for relevance: 2007 and beyond
- Author:
- John Ravenhill, Lorraine Elliott, Helen E.S. Nesadurai, and Nick Bisley
- Publication Date:
- 11-2006
- Content Type:
- Working Paper
- Institution:
- Australian National University Department of International Relations
- Abstract:
- In September 2007, Australia will host the annual Economic Leaders' Meeting of the Asia–Pacific Economic Cooperation (APEC) forum. This will be the culmination of over 100 days of ministerial, official and business group meetings, working groups and dialogues that will be held in various Australian cities from January to August. Fifteen federal government departments will be involved along with a range of other interested actors, predominantly in the private sector. The Australian government will spend considerable sums of money on the leaders' meeting itself, not least to ensure the security of those attending. This will include, if all goes according to plan, the heads of government of 21 countries—member economies in APEC-speak—including the United States, Russia, Japan and China. Security may well be the least of the government's worries. Few would argue that APEC is 'going strong' as a regional economic forum and recent reviews have suggested that at best it faces an uncertain future and that at worst it could be in a state of terminal decline. The forum is argued to have lost its relevance and to have generally been unsuccessful in attaining any of its more ambitious goals such as regional trade liberalisation.
- Topic:
- Security, Development, Economics, and International Trade and Finance
- Political Geography:
- Russia, United States, Japan, China, Australia, and Australia/Pacific