New Economy and Apec

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 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 sharedin 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.Mann, Catherine L. is the author of 'New Economy and Apec' with ISBN 9780881323290 and ISBN 0881323292.