The following are the main objectives of this study:

• to develop a time series database of direct investment flows and stocks for the APEC region during the period 1980-1992;
• to analyze the growth dynamism of APEC member economies;
• to examine the role of trade and direct investment in APEC member economies;
• to investigate trends in intra-regional investment linkages between Asian APEC and non-Asian APEC member economies as well as within these two sub-groups of APEC and to discuss investment linkages with non-APEC countries;
• to analyze the linkages between APEC trade and investment; and
• to examine the implications of direct investment-led economic integration for market framework policies and laws.

• Introduction
• Diversity and Dynamism of APEC Member Economies
• Internalization of Business and APEC Member Economies
• APEC Economic Integration
• Conclusions and Policy Implications