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Pacific Rim Trade And Development: Historical Environment And Future Prospects

Author

Listed:
  • Jack W. Hou
  • Shinichi Ichimura
  • Seiji Naya
  • Lars Werin
  • Leslie Young

Abstract

Pacific Asia is deep rooted in its cultural heritage and historical background, which have set the tone for regions success. These same factors also have created rather different trading practices, compared with those of the West — practices that are less transparent and full of hidden private trade barriers. Interdependence within the region suggests integration, but Pacific Asia has taken a course of non‐exclusive cooperation rather than following the exclusive course of the European Community (EC) and of the North American Free Trade Agreement (NAFTA). The latter two trade blocs threaten the continued success and development of Pacific Asia. Although the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) sends relief, fostering a cooperative rather than a retaliative Asian Pacific Economic Cooperation (APEC) organization offers the most promise.

Suggested Citation

  • Jack W. Hou & Shinichi Ichimura & Seiji Naya & Lars Werin & Leslie Young, 1995. "Pacific Rim Trade And Development: Historical Environment And Future Prospects," Contemporary Economic Policy, Western Economic Association International, vol. 13(4), pages 1-25, October.
    • Handle: RePEc:bla:coecpo:v:13:y:1995:i:4:p:1-25
    DOI: 10.1111/j.1465-7287.1995.tb00728.x
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    Cited by:

    1. Hou, Jack W., 2011. "Impact of the Global Economic Crisis on Taipei,China’s Industrial Structure and Firm Activity," ADBI Working Papers 323, Asian Development Bank Institute.
    2. Xiaosong Wang & Jack Hou & Faqin Lin, 2022. "ITC antidumping toward China rulings: Is political factor overwhelming?," Bulletin of Economic Research, Wiley Blackwell, vol. 74(1), pages 106-122, January.

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