Asia Pacific Economic Cooperation in the Changing World Economy

Author(s):  
Youn-Suk Kim
2020 ◽  
Vol 6 (4) ◽  
pp. 118-124
Author(s):  
Mykola Palinchak ◽  
Olena Zayats ◽  
Viktoria Bokoch

The number of actors that affect the distribution of the competitive force in the global economy is growing, and the spheres of economic competition or cooperation are expanding to build up the competitive force. The article emphasizes the significant impact of international economic integration on the sustainable economic development of the world economy. It also shows that the study of the competitive force of interstate integration groupings is highly relevant today, as international economic integration plays a fundamental role in the development of trade and competitive relations between countries. The paper offers the methodology for competitiveness grouping of Member States of the international integration groupings in order to assess the global competitive force of trade and economic groupings in the world economy. The purpose is to investigate the Integrated Competitive Force Index of Asia-Pacific Economic Cooperation (APEC) 2019 in order to analyze the attractiveness of APEC in terms of the global competitive force. It is also important to determine the attractiveness of APEC competitive environment according to 12 criteria on the basis of the research, which, in turn, allows for a better understanding and ranking of interstate integration groupings according to their competitive forces. Result. Based on the data of the Global Competitiveness Report 2019 on the competitiveness of Asia-Pacific Economic Cooperation Member States (APEC), the Integrated Competitive Force Index of APEC as an interstate integration grouping has been calculated. The Index will help to assess economic integration or disintegration processes in the global economy. The article proves the necessity of the annual integrated competitive force ranking of international integration groupings. Practical implications. The introduction of the new Integrated Competitive Force Index of interstate integration groupings will help competition policymakers to decide which processes of economic integration or disintegration should be preferred in order to build up their competitive force in the global economy.


2017 ◽  
Vol 62 (05) ◽  
pp. 1077-1095 ◽  
Author(s):  
JUNG HUR ◽  
HYUN-HOON LEE

The Asia–Pacific Economic Cooperation (APEC) forum, whose approach is voluntary and non-binding in open regionalism, has been criticized for its alleged failure to develop a rapid liberalization process and to contribute to a greater level of intra-regional trade in the APEC region. Nonetheless, we find that APEC has been contributing to intra-regional trade creation, particularly in trade in manufactured goods as compared to trade in non-manufactured goods. This finding is robust to the various fixed-effect models and the first-differencing models which are applied to the gravity equation.


Author(s):  
Tatiana V. Lezhenina ◽  

In the post-Soviet era, after a period of stagnation of the 90s, Russia and Mongolia began to actively cooperate, using and updating the economic potential created during the years of cooperation between Mongolia and the USSR. Goal. Explore modern conditions for the transition from stagnation in relations between Russia and Mongolia to cooperation. Tasks. Assess the readiness of the two countries to resume wide-ranging communications on mutually beneficial conditions. Methodology. The use of methods of scientific knowledge, the experience of economic relations of large and small countries in conditions of instability of the world economy, new threats and challenges in the XXI century. Results. It is proved that on the basis of mutually beneficial economic cooperation and coordination of domestic and foreign policies, Russia and Mongolia have created guarantees to maintain peace and promote integration in the Asia-Pacific region. Findings. Using the example of studying bilateral relations between Russia and Mongolia together with tripartite ones in the new Russia-Mongolia-China format, the possibility of reducing the dominance of China's role in Mongolia, reducing American influence and pressure on the leadership of Mongolia in order to weaken the Russian and Chinese presence is proved.


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