In view of recent political developments, a rise of nationalism, and a new wave of anti-globalization rhetoric among the developed economies, the APEC Business Advisory Council (ABAC) has tasked a research team from the University of Southern California Marshall School of Business to undertake an APEC-wide study that captures the perspectives of the business community and APEC policy makers.
Trade, globalization, and technological progress have raised overall standards of living and reduced poverty in every economy of the world. But arguably, the approach undertaken by economies to manage the negative consequences of trade, globalization, and technological progress have now resulted in a backlash, particularly in the advanced economies. Globalization has thus been targeted as the cause, and people are becoming increasingly distrustful of business. To worsen the issue, predictions suggest that automation and artificial intelligence will introduce even more fundamental changes to the nature of work, and cause further dislocation of workers. Experts anticipate that the impact of these changes will be felt even more severely in developing economies.
The intended contribution of this research is to capture the APEC business and policy makers’ perspectives on where policy leadership and industry cooperation can have the biggest impact on reducing discontent and opposition to trade, globalization, and technological progress. The research will focus on the inclusiveness of economic growth and the adequacy of support programs to assist those who are most directly affected. The research will also seek to offer practical recommendations on how to attain greater inclusive growth and to provide development opportunities in the economies.
AmCham is pleased to support the 2017 ABAC Research Project and cordially invites you to participate in this group survey to be held on June 6. The research team will give a brief introduction of the project, followed by a free flow discussion / group survey.