Asia-Pacific Economic Cooperation (APEC) was established in 1989 as a response to increasing Asian-Pacific economic interdependence and the growth of regional economic blocs. The original members include: Australia, Brunei, Canada, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, Thailand, and the United States. A regional economic organization, APEC was created to promote the principles of free-trade and cooperation. Other avowed goals of the organization: raise standards of living, raise levels of education, and nurture a sense of regional community. APEC’s decision-making structure was designed using the committee format. APEC is composed of advisory councils, working groups, policy groups, various committees. These groups meet once a year. However, at the top…
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Citation: Richert, Lucas Paul. "Asia-Pacific Economic Cooperation established". The Literary Encyclopedia. First published 01 October 2008 [https://www.litencyc.com/php/stopics.php?rec=true&UID=3885, accessed 26 November 2024.]
