The New Economy and APEC


by Catherine L. Mann and Daniel H. Rosen
August 2002
Book Description

Structural policies, networked information technologies, and flexible and skilled human resources transform old social and economic activities into new ones, which together increase economic growth in today's "new economy." In this study Catherine L. Mann and Daniel H. Rosen examine how this new phenomenon is affecting the economies of the member nations of the Asia Pacific Economic Cooperation (APEC) forum and whether APEC policymakers should have an action agenda toward it. The authors use macroeconomic models and distill case studies from selected APEC countries to illustrate both the potential rewards and the challenges faced by policymakers and businesses in enabling and embracing the dynamism of the new economy. The study also highlights the impact of new economy forces on trade competitiveness as well as the relationship between government and civil society.

The authors conclude with a set of policy recommendations for APEC members, and for APEC itself to ensure that the benefits of the New Economy are widely shared in the region. The study was initially prepared for the Economic Committee of APEC for presentation to its annual ministerial and summit meetings in Shanghai in October 2001.

Contents

Apec Report 729.0KB

I. Executive Summary

II. The Fundamentals: Definition and Policy Underpinnings of the New Economy

III. The Evidence: Benefits and Challenges of the New Economy

IV. Case Studies of the New Economy and APEC

V. Implications of New Economy Divergence: Digital Divide

VI. Analytical Conclusions

Appendix 1-3 485.1KB

Appendix 4 (Part A) 369.9KB

Appendix 4 (Part B) 192.7KB

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Book Data

August 2002
ISBN paper 981-04-5057-5
240 pp.

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