A voluntary process of co-operation can achieve results if, and only if, all participants perceive clear net benefit from proposals for co-ordinated, or concerted decisions for reform. Accordingly, the proposed strategy begins with proposals which are perceived to benefit all participants without requiring major structural adjustment. The evidence of the all-round benefits of early co-operation will help to change perceptions of the balance of long-term gains and short-term costs of subsequent proposals for closer economic Integration. Objective monitoring of the process of co-operation based on concerted unilateral decision-making by APEC governments will be essential to confirm that participants are implcmenting the domestic policy changes needed to achieve free and open trade and investment in the Asia Pacific and to demonstrate the economic gains to all participants flowing from those decisions. That should, over time, reassure those participants, like the USA, who are more accustomed to co-operation by means of negotiations of binding obligalions.
A voluntary process of co-operation can achieve results if, and only if, all participants perceive clear net benefit from proposals for co-ordinated, or concerted decisions for reform. Accordingly, the proposed strategy begins with proposals which are perceived to benefit all participants without requiring major structural adjustment. The evidence of the all-round benefits of early co-operation will help to change perceptions of the balance of long-term gains and short-term costs of subsequent proposals for closer economic Integration. Objective monitoring of the process of co-operation based on concerted unilateral decision-making by APEC governments will be essential to confirm that participants are implcmenting the domestic policy changes needed to achieve free and open trade and investment in the Asia Pacific and to demonstrate the economic gains to all participants flowing from those decisions. That should, over time, reassure those participants, like the USA, who are more accustomed to co-operation by means of negotiations of binding obligalions.
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