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'Christopher Dent's important book arrives as APEC confronts a choice between becoming yet another regional FTA as advocated chiefly by American writers, and sticking instead to MFN-based open regionalism advocated by distingusihed Australian economists and many others. It strengthens the hands of the latter with splendid analysis of the recent growth of preferential FTAs throughout Asia. Every scholar and policymaker on Asia, APEC, and indeed on world trade policy needs to read this invaluable book.' - Jagdish Bhagwati, University Profesor, Economics and Law, Columbia University & Author of In Defense of Globalization