The Pacific Basin is the most dynamic economic region of the world, and has become a model for efficient international specialization, growth, and rising living standards. This book brings together leading economic experts from around the region to appraise and distill the most important issues facing its policy makers, including trade relations, foreign investment flows, and the environment. As we stand at the threshold of the Pacific Century, the lessons this region imparts to us hold the promise of rising living standards around the world.