This volume consists of two parts. Part one discusses economic friction in the Asia-Pacific region from three aspects: macroeconomic and microeconomic friction, and that between the state and the market mechanism. In part two, four types of legal frameworks for dispute resolution are examined.

History of Australia's relations with Asia from the 1970s to the present, a companion volume to the first 'Facing North' which chronicled Asian-Australian relations from Federation to the 1970s. Discusses issues of integration over the past four decades as Australia turned to Asia for greater political, social and economic opportunities. Topics covered include regional economic co-operation, human rights diplomacy, Indochina, East Timor, social and cultural engagement and immigration and multiculturalism. Includes photos, notes, bibliography, index and appendices of lists of prime ministers, ministers and secretaries of foreign affairs and trade, overseas Asian representation in Australia, immigration statistics, refugee statistics, AusAID tables, trade statistics and APEC and ASEAN meetings. Foreword by Minister for Foreign Affairs Alexander Downer. Edwards is the official historian and general editor of the 'Official History of Australia's Involvement in Southeast Asian conflicts 1948-75'. Goldsworthy is an honorary professorial fellow in the School of Political and Social Inquiry at Monash University.

In its first ten years, what has the Asia-Pacific Economic Cooperation (APEC) accomplished? Has the 21-member forum - including the United States, Japan, China, Mexico, and most of Southeast Asia -- fulfilled its promise? To answer these vital questions, leading scholars at APEC Study Centres from thirteen APEC member economies undertook detailed studies of such central issues as trade in services, investment policy, human resource development, food and agriculture, energy, and financial stability.The findings are summarized in a policy report, "Learning From Experience", that has received wide praise and close scrutiny from senior government officials. The report concludes that APEC has successfully established itself as a world-class forum that has contributed to the affirmation of a coherent set of positive ideas. However, the report notes shortcomings in each of the critical areas of trade and investment liberalization, economic and technical cooperation, and institutional structure, and offers remedial policy recommendations to improve APECs future performance. This volume contains both the policy report and the issue studies. It is the product of the APEC International Assessment Network (APIAN), a collaborative, independent project among participating APEC Study Centres to track and assess the design and execution of key APEC initiatives.