Asia-Pacific Economic Cooperation (APEC): The First Decade (English-Language Series of the Institute of Asian Affairs, H)

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"APEC (Asia-Pacific Economic Cooperation) was founded in 1989. Since then the forum has developed into a major player in the triangular relationship between North America, East Asia and Europe. The Seattle and Bogor Summits were landmark events suggesting to many observers a gravitational shift in the world economy and world politics. Yet the Asian financial crisis had a sobering effect on high-flying expectations as APEC contributed little to crisis management. In the light of such erratic performance, distinguished scholars here examine APEC's achievements and failures, its role and functions in international relations, and the interests of major actors in the region."--BOOK JACKET.