International trade continues to expand robustly in East Asia and elsewhere, but global trade negotiations have collapsed and globalization is widely criticized.

In this book, the participants of the thirtieth Pacific Trade and Development Conference--including the then-Director General of the World Trade Organization, and leading government officials, academics and executives from a dozen major Pacific Rim economies--debate whether global negotiations have ended once and for all, or are suffering temporarily from 'globalization fatigue;' whether East Asia's new regional...

While global trade negotiations remain stalled, two tracks of trade negotiations in the Asia-Pacific--the proposed Trans-Pacific Partnership (TPP) agreement and a parallel Asian track--could generate momentum for renewed liberalization and provide pathways to region-wide free trade. This book investigates what these trade negotiations could mean to the world economy. Petri, Plummer, and Zhai estimate that world income would rise by $295 billion per year on the TPP track, by $766 billion if both tracks are successful, and by $1.9 trillion if the tracks ultimately combine to yield region-wide...

The recovery of the Asia-Pacific region from the global economic crisis of 2008-2009 is underway but incomplete. Risks range from slow growth and persistent unemployment to re-emerging international imbalances and financial volatility. While early policy responses to the crisis were successful in avoiding a larger calamity, new policy strategies are now needed to resolve imbalances among the United States, China, and other economies, and to build robust demand in the medium term. This report, drafted by an international team of experts for the Pacific Economic Cooperation Council (PECC),...

International trade continues to expand robustly in East Asia and elsewhere, but global trade negotiations have collapsed and globalization is widely criticized.

In this book, the participants of the thirtieth Pacific Trade and Development Conference--including the then-Director General of the World Trade Organization, and leading government officials, academics and executives from a dozen major Pacific Rim economies--debate whether global negotiations have ended once and for all, or are suffering temporarily from 'globalization fatigue;' whether East Asia's new regional...