Prospect And Challenges Of East Asian Economic Integration: A South Korean Perspective
AbstractAlthough East Asia is regarded as one of the three major economic pillars in the world, it still has the lowest level of economic cooperation and integration compared to the EU and NAFTA. The Asian financial crisis in 1997/98 triggered a sense of 'East Asian regional identity.' A 'functional integration' in East Asia has already occurred in the form of FTAs and some regional monetary cooperation. Although belatedly, South Korea has taken a highly proactive multi-track FTA policy stance so that FTAs can serve as effective and expeditious trade policy tools for economic restructuring geared to sustainable economic growth and consumer welfare, jump starting the multilateral DDA process. China, Japan, and South Korea have been scrambling for an FTA with ASEAN. China-led regional FTA and Japan-led FTA in an uncooperative game are likely to generate hub-spoke bilateralism in East Asia. East Asia should work out an ASEAN + China, Japan, Korea FTA that could set the tone for East Asian integration from a long term perspective.
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 Chung-Ang Unviersity, Department of Economics in its journal Journal Of Economic Development.
Volume (Year): 31 (2006)
Issue (Month): 2 (December)
Economic Integration; Regional FTAs; FTA; ASEAN; South Korea;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kyttack Hong).
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.