SUSTAINABLE ECONOMIC DEVELOPMENT OF APEC COUNTRIES

The article analyzes the sustainable economic development of all countries of Asia-Pacific Economic Cooperation (APEC). The Asia-Pacific Economic Cooperation, or abbreviated as APEC (Asia-Pacific Economic Cooperation), is an economic forum for 21 Pacific states aimed at boosting regional trade and investment, liberalizing markets, and deepening economic cooperation. Sustainable development is legitimized as a fundamental long-term ideology of societal development and is understood as a compromise between the environmental, economic and social goals of society, enabling the well-being of society for present and future generations. For the calculations of sustainable development, the indicators from the 8th Goal of sustainable economic development (Decent work and Economic growth) will be used and analyzed through years of 2014-2018. Sustainable development of APEC countries will be measured using TOPSIS method. The purpose of the article is to analyze and determine which members of APEC are the most economically developed and examine the change in the development of each country through the years of 2014-2018.