IDEAS home Printed from https://ideas.repec.org/a/unt/jnapdj/v12y2005i2p1-14.html
   My bibliography  Save this article

Is there a case for an East Asian Economic Community?

Author

Listed:
  • Jaleel Ahmad

    (Professor of Economics at Concordia University in Montreal, Canada)

Abstract

The paper undertakes a preliminary economic analysis of the recently proposed East Asian Economic Community. The proposal envisages that the core of the Economic Community would include the ten member countries of the ASEAN free trade area (AFTA) and the three North-East Asian economies, namely, Japan, Korea, and China. The Community is also expected to include subsidiary institutions relating to security and other regional concerns. A major motivation behind the proposal seems to be not only to increase mutual trade but also to construct a regional group of its own in a trading world increasingly dominated by large economic entities. The large volume of intra-trade in the Community can certainly sustain a free trade area. Currently, the region is in the grip of a trading agreement frenzy which can be curbed only by moving rapidly toward a unified trading community. The region’s substantial two-way trade with the West, however, raises some concerns about trade diversion but they do not seem insurmountable.

Suggested Citation

  • Jaleel Ahmad, 2005. "Is there a case for an East Asian Economic Community?," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 12(2), pages 1-14, December.
    • Handle: RePEc:unt:jnapdj:v:12:y:2005:i:2:p:1-14
    as

    Download full text from publisher

    File URL: http://www.unescap.org/sites/default/files/apdj12-2-1-ahmed.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ng, Francis & Yeats, Alexander, 2003. "Major trade trends in East Asia : what are their implications for regional cooperation and growth," Policy Research Working Paper Series 3084, The World Bank.
    2. Robert C. Feenstra, 1998. "Integration of Trade and Disintegration of Production in the Global Economy," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 31-50, Fall.
    3. Robert Scollay & John P. Gilbert, 2001. "New Regional Trading Arrangements in the Asia Pacific?," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa63, October.
    4. Philippa Dee & Jyothi Gali, 2005. "The Trade and Investment Effects of Preferential Trading Arrangements," NBER Chapters, in: International Trade in East Asia, pages 133-176, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kym Anderson, 2005. "On the Virtues of Multilateral Trade Negotiations," The Economic Record, The Economic Society of Australia, vol. 81(255), pages 414-438, December.
    2. Meenu Tewari & C. Veeramani, 2016. "Network Trade and Development: What Do Patterns of Vertically Specialized Trade in ASEAN Tell Us About India’s Place in Asian Production Networks?," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 16(2), pages 349-388, June.
    3. Prema-chandra Athukorala, 2011. "Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?," Asian Economic Papers, MIT Press, vol. 10(1), pages 65-95, Winter/Sp.
    4. Mr. Tubagus Feridhanusetyawan, 2005. "Preferential Trade Agreements in the Asia-Pacific Region," IMF Working Papers 2005/149, International Monetary Fund.
    5. Marco Giansoldati, 2010. "International Fragmentation and Agglomeration: From Theory to Empirics," Working Papers 2010_06, Department of Economics, University of Venice "Ca' Foscari".
    6. repec:hal:spmain:info:hdl:2441/5l6uh8ogmqildh09h4dj9499g is not listed on IDEAS
    7. Amita Batra, 2010. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Working Papers id:2734, eSocialSciences.
    8. Guillaume Daudin & Christine Rifflart & Danielle Schweisguth, 2011. "Who produces for whom in the world economy?," Canadian Journal of Economics, Canadian Economics Association, vol. 44(4), pages 1403-1437, November.
    9. Prema-Chandra Athukorala, 2008. "China's integration into global production networks and its implications for export-led growth strategy in other countries in the region," Departmental Working Papers 2008-04, The Australian National University, Arndt-Corden Department of Economics.
    10. Amita Batra, 2006. "Asian Economic Integration: ASEAN+3+1 or ASEAN+1s?," Indian Council for Research on International Economic Relations, New Delhi Working Papers 186, Indian Council for Research on International Economic Relations, New Delhi, India.
    11. Prema-chandra Athukorala, 2006. "Multinational Production Networks and the New Geo-economic Division of Labour in the Pacific Rim," Departmental Working Papers 2006-09, The Australian National University, Arndt-Corden Department of Economics.
    12. Widodo, Tri, 2009. "Modified Grubel-Lloyd Index: Intra-industry Trade and Intra-regional Trade in East Asia," MPRA Paper 77992, University Library of Munich, Germany.
    13. Ganeshan Wignaraja & Jens Krüger & Anna Mae Tuazon, 2013. "Production Networks, Profits, and Innovative Activity : Evidence from Malaysia and Thailand," Microeconomics Working Papers 23391, East Asian Bureau of Economic Research.
    14. Petri, Peter A., 2006. "Is East Asia becoming more interdependent?," Journal of Asian Economics, Elsevier, vol. 17(3), pages 381-394, June.
    15. Peter Drysdale & Xinpeng Xu, 2007. "Taiwan's Role in the Economic Architecture of East Asia and the Pacific," World Scientific Book Chapters, in: Julian Chang & Steven M Goldstein (ed.), Economic Reform And Cross-Strait Relations Taiwan and China in the WTO, chapter 5, pages 149-185, World Scientific Publishing Co. Pte. Ltd..
    16. Peter J. Lloyd & Donald Maclaren, 2004. "Gains and Losses from Regional Trading Agreements: A Survey," The Economic Record, The Economic Society of Australia, vol. 80(251), pages 445-467, December.
    17. Amita Batra, 2006. "Asian Economic Integration ASEAN+3+1 or ASEAN+1s?," Trade Working Papers 22143, East Asian Bureau of Economic Research.
    18. Yoko Uchida & Satoshi Inomata, 2011. "Vertical Specialization at the Time of Economic Crisis," Chapters, in: Satoshi Inomata (ed.), Asia Beyond the Global Economic Crisis, chapter 4, Edward Elgar Publishing.
    19. Lurong Chen & Ludo Cuyvers & Philippe De Lombaerde, 2017. "Asean Economic Integration Compared: What Do The Numbers Tell Us?," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(03), pages 619-641, June.
    20. Toshihiro Okubo, 2004. "Intra-industry Trade and Production Networks," IHEID Working Papers 13-2004, Economics Section, The Graduate Institute of International Studies.
    21. Athukorala, Prema–Chandra & Menon, Jayant, 2010. "Global Production Sharing, Trade Patterns, and Determinants of Trade Flows in East Asia," Working Papers on Regional Economic Integration 41, Asian Development Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:12:y:2005:i:2:p:1-14. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Macroeconomic Policy and Development Division, ESCAP (email available below). General contact details of provider: https://edirc.repec.org/data/escapth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.