According to the authors, the Asia-Pacific region is the most dynamic region of the world economy. In the past three decades, this region has achieved growth rates that were considerably higher than those elsewhere. Using a ten-country calibrated general equilibrium (CGE) model, the authors...

At the 1994 APEC summit in Bogor, Indonesia, it was recommended that trade and investment barriers among the member countries be removed by 2020. Despite general consensus that trade liberalization would accelerate development in this most dynamic trading area, there is very little empirical...