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Browsing Journal Articles by Subject "APEC"

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    Open Regionalism and APEC: Rhetoric and Reality
    (Sameeksha, 2000) Kelegama, Saman
    APEC has now functioned for more than one decade but its record is not very impressive. This article argues that the operational aspects of APEC have clearly highlighted the limitations of APEC's governing framework, i e, open regionalism. The paper shows that APEC's trade liberalisation strategy is a frail initiative and argues that APEC might be better-off focusing on deep economic integration issues.
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    Open Regionalism in the Indian Ocean: How Relevant is the APEC Model for IOR-ARC?
    (2000) Kelegama, Saman
    The Indian Ocean Rim Association of Regional Cooperation (IORARC) came into being in 1997. It is experimenting with open regionalism for strengthening economic integration in the region. The paper examines the concept of open regionalism as practiced in APEC and its validity for IORARC given the initial conditions in the region and the level of development of the member nations. The paper argues that the APEC model has little relevance for IOR-ARC, and open regionalism could be put into practice only partially in the region. It argues that IOR-ARC should stick to the WTO timetable of trade liberalization and focus more on non-controversial areas of open regionalism, viz., trade and investment facilitation, economic and technical cooperation, and maintaining a trade and investment dialogue. A stronger institutional framework to overlook the implementation of the agreed proposals in these areas of open regionalism will be necessar y if IORARC is to strengthen economic integration and achieve some results. In the modern-day world, in contrast to the era of sailing vessels, sharing of Indian Ocean waters may have less relevance for effective economic integration.
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