In GATT negotiations over the past several years the United States, a founding member of the Asia Pacific Economic Cooperation Forum, has been pushing hard for a global liberalization of trade in services. This development would have special significance for the Pacific because of the intensifying competition between the United States and Japan for market shares. A comprehensive analysis of the service sector’s role in that dynamic region is offered in this timely volume. Leading experts explore how service enterprises have affected trade in goods and transnational manufacturing, forming a regional pattern of interdependence. The authors assess each service sector from a regional perspective and offer detailed individual country studies as well. The concluding chapters provide a broad overview of corporate strategies, discuss questions of regional cooperation, and identify opportunities for new regional service enterprises.