The Asia Pacific Economic Cooperation forum completed its first ten years in 1999. It is appropriate to pause and look back at its evolution over this period, and look forward to assess its future role in the multilateral world of the World Trade Organisation (WTO). This paper attempts both of these tasks from a New Zealand perspective. The factors and forces behind regionalism, its points of confluence and conflict with multilateralism, and its future role in a globalised international economy are all addressed in this paper. How the forces of regionalism are shaping up in the Asia-Pacific region, and how New Zealand - a small open economy - is linking itself into it are anlysed to put New Zealand's recent economic reforms in an international perspective. To what extent New Zealand and other countries in the Asia-Pacific area can learn and benefit from the experiences of one another is brought into sharper focus in the paper. Professor Srikanta Chatterjee is a professor of international economics at Massey University in New Zealand. A native of India, Professor Chatterjee studied economics at the Universities of Calcutta, India, and Surrey and London, England, receiving his Ph D from the London School of Economics. Besides New Zealand, Professor Chatterjee has been on the full time faculty in universities in India, U.K., Australia, Japan and Fiji. He has also been on the visiting faculty in Australia, Bangladesh, Botswana, China, Italy, India, Japan, Korea, Malaysia, Mauritius, the Netherlands, Norway, Singapore, South Africa, Swaziland and Vietnam. In 1997, Professor Chatterjee was a Japan Foundation Fellow at the Tokyo Keizai University, and, in 1998, he spent a semester at the Kyoto Ritsumeikan University as a New Zealand Asia 2000 Foundation Visiting Professor of Asia-Pacific Studies. Currently a Fulbright Travelling Fellow, Professor Chatterjee is visiting Berkeley, and attending a conference in San Diego before going on give lectures at the University of Colima in Mexico. Professor Chatterjee's teaching and research interests include international economics, international business, the Asia-Pacific economies, inequality and income distribution, and the economics of the household.

John Wilson Lewis, William Haas Professor Emeritus of Chinese Politics at Stanford University, is one the founders of the field of contemporary China studies. After receiving a doctorate from UCLA, he taught at Cornell University before coming to Stanford in 1968. He founded and directed Stanford's Center for East Asian Studies, as well as the Center for International Security and Arms Control, and the Northeast Asia-United States Forum on International Policy (now Shorenstein APARC). He currently directs the Project on Peace and Cooperation in the Asian-Pacific Region. Professor Lewis has written widely about China, Asia, and security matters. Many of his works have long been required reading for students of Chinese politics, especially his still often cited Leadership in Communist China. His edited volumes include: The City in Communist China, Party Leadership and Revolutionary Power in China, Peasant Rebellion and Communist Revolution in Asia, and Next Steps in the Creation of an Accidental Nuclear War Prevention Center. His history of the Chinese nuclear weapons program, China Builds the Bomb, written with Xue Litai, is published both in English (by Stanford University Press), and, in Chinese, by the Atomic Energy Press in Beijing. He has also co-authored Uncertain Partners: Stalin, Mao, and the Korean War and China's Strategic Seapower: The Politics of Force Modernization in the Nuclear Age. In addition to his work at Stanford, John Lewis has served on the Committee on International Security and Arms Control of the National Academy of Sciences, the Joint Committee on Contemporary China of the Social Science Research Council, and the National Committee on U.S.-China Relations. He has been a consultant to the Senate Select Committee on Intelligence, Los Alamos National Laboratory, and the Department of Defense, and is currently a consultant to Lawrence Livermore National Laboratory and the Office of Technology Assessment, U.S. Congress. He has made numerous visits to the People's Republic of China (PRC), Japan, the Democratic People's Republic of Korea, and the Soviet Union/Russian Federation.