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ASEAN-China Economic Relations into the 21st Century

Author

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  • Maria Socorro Gochoco-Bautista

    (Professor of Economics, School of Economics, University of the Philippines Diliman)

Abstract

In recent years, the Chinese economy has grown dramatically largely as a result of China's commitment to open up its economy to the rest of the world and adopt more market-oriented policies. How ASEAN-China economic relations develop depends on many factors including the ability of either or both to attract FDI which will induce the correct path of industrial restructuring. There is reason to believe that as both ASEAN and China move on to higher tiers of manufacturing, there will be enough room for complementarity in their economic relationship via greater intra-industry trade, greater FDI to each other, and spillover effects arising from the actions of third parties.

Suggested Citation

  • Maria Socorro Gochoco-Bautista, 1995. "ASEAN-China Economic Relations into the 21st Century," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 32(2), pages 159-170, December.
    • Handle: RePEc:phs:prejrn:v:32:y:1995:i:2:p:159-170
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    File URL: http://pre.econ.upd.edu.ph/index.php/pre/article/view/124/475
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    Cited by:

    1. Alan G. Ahearne & John G. Fernald & Prakash Loungani & John W. Schindler, 2003. "China and emerging Asia: comrades or competitors?," Working Paper Series WP-03-27, Federal Reserve Bank of Chicago.
    2. Alan G. Ahearne & John G. Fernald & Prakash Loungani & John W. Schindler, 2006. "Flying geese or sitting ducks: China’s impact on the trading fortunes of other Asian economies," International Finance Discussion Papers 887, Board of Governors of the Federal Reserve System (U.S.).

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