Abstract
This paper considers the prospects for APEC's free trade agenda, which has been so enthusiastically championed by Australian policymakers. The paper suggests that not only have the benefits and importance of trade liberalisation frequently been overstated, but that it is also unlikely to be taken up enthusiastically by Australia's Asian neighbours, where very different ideas about appropriate economic policy prevail, and where there are fundamental obstacles to APEC's neoliberal agenda.
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