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Krauss contributes a particularly insightful study of how relations between the two parties soured over APEC's Early Voluntary Sectoral Liberalization initiative. Chronicling the "fiascos" in promoting Early Voluntary Sectoral Liberalization and region-wide investment principles, he describes APEC's impact on trade liberalization as "ineffective," at best "a modest acceleration of liberalization processes to which governments had already committed themselves" (p. It does this by studying the negotiation and ultimate break down of a particular initiative within APEC: Early Voluntary Sectoral Liberalization ( |
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