The Asia-Pacific Economic Cooperation Initiative was developed in response to the growing interdependence of the Asia-Pacific economies.

Name: The Asia-Pacific Economic Cooperation Initiative was developed in response to the growing interdependence of the Asia-Pacific economies.
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The Asia-Pacific Economic Cooperation (APEC) was established in 1989 to foster economic growth and prosperity in the region, recognizing the increasing interdependence of Asia-Pacific economies.

The Asia-Pacific Economic Cooperation Initiative Was Developed in Response to the Growing