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A Study on APEC¡¯s Economic Cooperations under WTO

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  • Dr. Jae-Sung, Lee

Abstract

The changes in the international economic order are posing new challenges to the Asia-Pacific countries. To adapt to the WTO system and APEC, they must change their basic pattern of economic policy in relation to industry, finance and other areas, such as labor standards and competition policy. Government policy, however, is not the only, or even the major area facing new challenges. It will be the firms that will have to bear the brunt of the burden of adapting to the new environment. Moreover, the new global economic order no doubt means intensified competition, and it is the firms that compete. In order to survive in the new environment, they must be ready to undergo drastic changes, e.g. strategic alliances beyond national borders. This paper examines how to cooperate each other under APEC & WTO system to realize foreign open policy and to encourage the developing countries to be grow market orient.

Suggested Citation

  • Dr. Jae-Sung, Lee, 2012. "A Study on APEC¡¯s Economic Cooperations under WTO," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(6), pages 55-59, November.
    • Handle: RePEc:jfr:ijba11:v:3:y:2012:i:6:p:55-59
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