APEC and Chinese-Style Geoeconomics

The 35th Asia-Pacific Economic Cooperation (APEC) summit, comprising 21 countries from North America, South America, and Southeast Asia, held in Peru in November 2024, demonstrated that the balance of power is rapidly shifting. The United States is losing influence, even as it attempts to maintain its hegemony through various means. APEC itself is a platform that fits the description of classical liberalism. In fact, even if one reads the declar…