What is APEC? | APEC members | APEC-related web sites
What is APEC? | APEC members | APEC-related web sites
ASIA-PACIFIC ECONOMIC COOPERATION
"APEC is people -- a lot of them. In mid-1996, 38 per cent of the world's population lived in the APEC economies. More than just numbers, APEC is young people -- some 600 million under the age of 15. They, along with their peers in Europe, probably represent the world's first global generation -- a group of whom national and physical boundaries will be pushed aside by free trade and the power of information technology."
APEC news -- Asia Pacific Foundation of Canada
APEC, or the Asia-Pacific Economic Cooperation, is an international group of countries and economies whose goal it is to promote trade and investment by changing policies and laws that slow down and or prevent the process of people doing business with each other.
APEC members use a consensus-based model. In other words, no one in the group is forced to change their policies unless they want to. This means that APEC members rely heavily on the use of "peer pressure" when they want to meet certain self-imposed targets.
Gareth Williams, the Australian founder of APEC, coined the phrase "APEC is four adjectives in search of a noun". He later modified his definition, stating that APEC was a community built by consensus.
Click on any of the names below to discover interesting facts and figures on the member economies of APEC:
*United States
APEC Secretariat
APEC Secretariat related websites page
Government of Canada's APEC pages
© 1997 - TG Magazine / The Students Commission
© 1997 le magazine TG / la Commission des
Ètudiants