The APEC Model on International Economic Cooperation: Assessing Its Value to the United States

by Julia F. Lowell

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This paper considers the current and potential economic achievements of the Asia-Pacific Economic Cooperation (APEC) forum in light of its costs to the United States. It compares APEC's goals and institutional structure to those of three other multilateral economic institutions: the World Trade Organization, The European Union, and the North American Free Trade Agreement (NAFTA). It concludes that, although limited both in its aims and effectiveness, APEC does serve a useful--and probably cost-effective--purpose to the United States.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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