Asia Pacific Economic Cooperation?

Question

What are some of the failures and success of this organization? Websites would be helpful. (and i already checked the APEC website and there's nothing on failures)

Answer 1

APEC has had success in bringing together collective action of its members, much like that of the OAS. Yet, there is not really much significantly that has changed beyond that. One failure could be the inability of APEC to be effective in assisting members after the Asian Stock Market crash of the 1990s. The organization did little to nothing to help its members. This draws upon the typical problem that non-integrated regional organizations face: they want to serve an important purpose, but arent given the legal, political, or (especially) economic abilities to accomplish these goals.

Answer 2

As an Asian, APEC is mainly stregthening or plainly opening trade relations and securing all of the rules of each economies will be open for them. But one fall of APEC is its failure to address the greater good of poorer member-countries. The statistics of APEC will be boasting on billions of dollars poured in a basket of APEC countries but looking closely, the economic flow of each is still the same. The richer countries bargain the products they needed from the poorer ones without the latter obtaining much profit.

In any economic cooperation treaties, reciprocity must be present. However in APEC or in WTO, the trades are pegged to lower down tariffs, taxes, and all others which will benefit the other richer partner, but deprive the poorer countries the taxes, tariffs and all dues they desperately need to run their own economy. The effect is economic parasitism, and economic dependency. The poorer ones will always depend on foreign trade, than protecting their own produce.

For instance, with the influx of imported carrots, with so much less taxes and can be easily delivered to markets, the locally grown carrots might have no better competition. The imported carrots with less taxes, straight to market from piers will cost cheaper. While locally grown would yield higher price due to expenses on taxes, transport, etc. Effect: the death of the local manufacturers, and the survival of imports. The importing countries survive more.

Answer 3

APEC has served the interests of the superpowers in exploiting the poor countries in the Asia Pacific Region.

Answer 4

APEC has failed mainly in that it has not accomplished much in recent years and has instead turned into a circus of politicians in traditional garb.
http://www.iht.com/articles/2007/09/10/bloomberg/sxview.php