Notesale: Turn your study into money

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Dr Alan Bollard, NZ - APEC Director

13th June 2016

Question of Globalization and economically what it can offer us and what has
offered us in the past

21 Member groups of countries in the pacific rim

Economic integration and globalization

1999 -> Key year when things changed around the world -> fall of Berlin wall,
Japanese share market peaked, and the ESTABLISHMENT OF APEC

Depending on how things are defined, economic integration has moved between
¼ billion to ½ billion people out of poverty
- Benefit of globalization

APEC -> many different types of economies around the world -> reduction of
trade barriers -> economies growing, import/export increasing

APEC Region -> reputation for economies to grow faster than anyone in the
world

Last half decade, since the GFC, things are changing
-> Merch trade slow down -> APEC is concerned
-> Slow down of energy prices/commodity prices

Is globalization slowing down?

Politically -> reversal of popular thinking
People are more concerned about the negative impact of globalization

TPP Controversy -> economic leadership in APEC is lost

But Globalisation isn’t slowing down
Services trades -> trade of the future, growing much faster, most of the
economies are in the service sector, including China

Continued growth in foreign investment

SME -> new phenomena
More exporting and more businesses, access to the international market with
eCommerce

People movement -> will continue to become easier to move -> moving cultures

Data movement -> increased ~50 times in the last 10 years
APEC is spending a ton of time finding new ways to transfer data more efficiently


Economic integration and free trade agreements -> “untidy noodle bowl” of free
trade agreements overlapping, gets very confusing

ASEAN reaching out to many more countries to establish regional economic
partnership
More developed countries, including the US, in the TPP

APEC -> Free Trade Area for Asia and the Pacific (FTAAP)
Study which will go to leaders in Peru in November 2016 to discuss how to
utilize this data and understand how to better develop their economies


TPP -> Absence of China and India

Too early to judge how early its going to turn out
TPP is still being ratified, and US congress may not

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