Dynamics of Economic Integration in Asia Pacific: From Multilateralism to Regionalism to Bilateralism

Abstract

With its dynamic economy and rich cultural variety, the Asia Pacific area is fast expanding in importance and is poised to play a key and essential role in the globe as the twenty-first century unfolds. The region's governments' ability and desire to cooperate with one another across a wide variety of activities will be a significant component in its success. In terms of regional economic integration, the Asia-Pacific area has been a late starter.