5. Tat'yana V. Lezhenina, Nguyen Kuok Hung

The Analitic Review of the XXVth Summit Results of the Asia-Pacific Economic Cooperation

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Tat'yana V. Lezhenina

Senior Research Officer of Institute of Economics of the Russian Academy of Science, Ph.D. in Economics

Nakhimovskiy Ave 32, Moscow, Russian Federation, 117218

Nguyen Kuok Hung

Scientific Research Officer of the Center of the Russian Strategy in Asia of Institute of Economics of the Russian Academy of Science, Ph.D. in Economics

Nakhimovskiy Ave 32, Moscow, Russian Federation, 117218

The presented study summarizes 28 years of APEC’s coordination and discussion on the economic development of its member countries. Established in 1989, APEC has become one of the world’s largest integration platforms, where solutions to the challenges and threats of the 21st century are discussed and agreed on, and APEC’s long-term development goals and directions are determined. In 2017, APEC was hosted by Vietnam.
Aim. The presented study aims to assess the efficiency of APEC, outline the major problems, and propose solutions.
Tasks. The authors identify reserves for the sustainable development of APEC and efficient functioning of other integration associations.
Methods. This study uses general scientific methods of cognition to examine the positions of the APEC member countries in various aspects, identify trends in the current state and development of APEC, and determine major long-term directions.
Results. Four priority directions of APEC’s activity are identified. The competitiveness and potential of innovations for small and medium enterprises, the degree of food security, and the future of the digital economy are determined. The impact of the trans-Pacific partnership and establishment of RCEP integration structure is assessed, and the benefits of free trade and liberalization of APR’s investment regime are identified.
Conclusion. Examination of the activity of APEC, as a major international forum for determining general directions for the development of the Pacific region, allows us to identify trends and peculiarities in the current regional processes as well as problems, threats, and risks in the second half of the 21st century.

Keywords: APEC, Russia, Vietnam, WTO, Trans-Pacific Partnership, RCEP, remote territories

References

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  6. Neither visible progress, nor large failures: in Vietnam the APEC summit has come to the end // RIA News. Available at: https://ria.ru/world/20171111/1508621635.html.

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