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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1060 |
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Another disadvantage or concern is that high cost domestic producers will be replace by low-cost producers, and that lower-cost external suppliers will be replaced by higher-cost suppliers. A final disadvantage is being faced with the need for better local and regional regulations.
"The Asia-Pacific Economic Cooperation, or APEC, is the premier forum for facilitation economic growth, cooperation, trade and investment in the Asia-Pacific region...
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APEC was established in 1989 at the suggestion of Australia, to further enhance economic growth, prosperity and strength for the Pacific Rim area. APEC consists of twenty-one countries such as; Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, China, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, New Guinea, Peru, The Republic of the Philippines, The Russian Federation, Singapore, Chinese Taipei, Thailand, United States of America, and Viet Nam...
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