ABSTRACT
The regional pattern of policy environments is changing as Japanese and American administrative measures interact and are affected by market trends to which they contribute. Of the industrializing East Asian states South Korea and Taiwan have significant capacities to adjust to the regional shift of economic power towards Japan, while endeavoring to diversify their foreign trade. The various forms of competitive macromanagement in the region operate in a pattern dominated by American and Japanese policies and enterprises, with effects that are felt by administrations and firms in the industrializing East Asian states and in other Pacific countries. For all Asia-Pacific states the development, guidance, and regulation of service enterprises has increasing significance in competitive macromanagement not only because the internationalization of markets is continuing, but also because some regional economic cooperation is in prospect. Consultations within the Asia Pacific Economic Cooperation forum may lead to reductions of trade barriers throughout the area.
