Economic Integration in East Asia
AbstractUntil recently, East Asia, the world’s most dynamic area for several decades now, had few regional institutions. However, the successive crises in the last ten years (financial crisis in 1997-1998, SRAS, tsunami, bird flu) have demonstrated the need for formal cooperation instruments. Trade integration is one of the aspects of regional cooperation that is beginning to take shape. Particularly, since China joined the WTO in 2001, there has been a multiplication of bilateral and multilateral free trade agreement negotiations. What form will the regional integration that emerges from this plethora of initiatives take? Here, we analyse two scenarios. One centres on an integrated and free trade ASEAN with each of four major Asian partners: China, Japan, Korea and India; the other, clearly more ambitious, consists of a complete free trade area amongst these fourteen countries. Simulations with the Mirage model show that Japan and Korea would have greater interest in the creation of a completely integrated area, whereas the ASEAN would derive greater benefits from bilateral agreements. Finally, even though the economic gains of agricultural liberalisation are potentially substantial, political considerations will no doubt exclude it for a long time yet.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by CEPII research center in its journal La Lettre du CEPII.
Volume (Year): (2007)
Issue (Month): 265 ()
REGIONAL TRADE; ASIA;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hiratsuka, Daisuke, 2006. "Outward FDI from and intraregional FDI in ASEAN : trends and drivers," IDE Discussion Papers 77, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Michel Fouquin, 2008. "Regionalization in East Asia," Economic Change and Restructuring, Springer, vol. 41(4), pages 289-313, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.