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U.S. Perspectives On East Asian Economic Integration

Author

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  • Bernard K. Gordon

    (University of New Hampshire)

Abstract

USA only major trade power with equal economic stakes in all regions, and will oppose Asian economic integration if it excludes USA. Charts show relatively declining US role, rising China role as key trade partner for Japan, Korea, ASEAN. Responding to China¡¯s lead, as in its ASEAN trade deals, and shaped by former USTR Zoellick, there is growing US support for bilateral trade agreements, including Korea-US FTA, though most economists oppose bilateral/regional approach as inconsistent with the WTO-multilateral trade format. From US perspective, prognosis for East Asian economic integration not good.

Suggested Citation

  • Bernard K. Gordon, 2006. "U.S. Perspectives On East Asian Economic Integration," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 31(2), pages 149-168, December.
    • Handle: RePEc:jed:journl:v:31:y:2006:i:2:p:149-168
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    References listed on IDEAS

    as
    1. Jong‐Wha Lee & Innwon Park, 2005. "Free Trade Areas in East Asia: Discriminatory or Non‐discriminatory?," The World Economy, Wiley Blackwell, vol. 28(1), pages 21-48, January.
    2. Jagdish Bhagwati, 1992. "The Threats to the World Trading System," The World Economy, Wiley Blackwell, vol. 15(4), pages 443-456, July.
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    Cited by:

    1. Dilip K. Das, 2008. "South Asia's Integration with the Rest of Asia: a survey," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 22(1), pages 25-40, May.

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    More about this item

    Keywords

    Economic Integration; APEC; FTA; ASEAN; Asian Economy; CAFTA; WTO;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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