Developing APEC nations poised for economic boom from trade liberalization
The article studied how trade liberalization in APEC countries affects their economies using a special model. By the year 2020, it predicts that developing APEC countries will gain more real GDP than developed ones. This means countries like the United States, China, and Japan might benefit differently from open trade. While adjustments might be tough for some industries, the entire region could do better with increased trade.