The Role of APEC in Economic Reconfiguration: Challenges and Opportunities in the Twenty-First Century for Emerging Economies
Keywords:
APEC, Asia-Pacific, China, challenges, free trade, opportunities, economic reconfiguration, USAbstract
The economic reconfiguration in the 21st century is marked by transformations driven by factors such as digitalization, climate change, geopolitics, and automation. These dynamics are altering trade and production models, fostering more resilient and sustainable economies, though with new challenges such as resource competition and inequality. In this context, the Asia-Pacific Economic Cooperation (APEC) has been crucial in promoting free trade and integration within the Asia-Pacific region. For Peru, APEC has been a key platform for advancing its economic interests. However, the forum faces challenges arising from the technological-commercial rivalry between China and the U.S., climate change, and geopolitical tensions, which could impact its objectives. This article explores the initiatives, challenges, and opportunities within APEC, highlighting the need for its members to adapt to these changes, as this seems to be a feature of international economic relations in the future.
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