Deregulation and market-opening delivers most benefits to those economies implementing them, but other economies also benefit. The benefits which accrue to all Asia Pacific economies from the reforms of others helps generate growth of Incomes and employment. Improving the capacity and willingness to accept the structural changes involved in their own strategies for reform. Through positive example and by generating benefits to others. these reforms then serve to sustain the region-wide momentum of reform. This process, working remarkably successfully In East Asia, has been described as a game of prisoner's delight"
. The phrase distinguishes the reality of mutually encouraged reform in East Asia with a prisoners dilemma problem In other International negotlations, where none are willing to take the first step towards reform.