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There are numerous ramifications of APEC's economic development for global business and these will be discussed below.
APEC
APEC was established in 1989 to further enhance economic growth and prosperity for the region and to strengthen the Asia-Pacific community (APEC, 2006). APEC is the only inter governmental grouping in the world working on the basis of non-binding commitments, open dialogue and equivalent respect for the views of all participants. APEC has no treaty obligations required of its participants. Decisions made within APEC are reached by consensus and commitments that are undertaken on a voluntary basis...
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Common topics in this essay:
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