Advanced Search
MyIDEAS: Login

Exploring the Impacts of Trade Liberalization in Asia and the Pacific

In: Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific

Contents:

Author Info

  • Anna Strutt

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

  • Mia Mikic

    ()
    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

Abstract

While it is commonly accepted that multilateral liberalization will bring the greatest global gains from liberalization, regional agreements may be much more feasible in the short term. The dictum from the traditional trade theory on the superiority of unilaterally applied free trade for a small economy under perfect competition is universally accepted but rarely applied to policymaking. Reasons for this are many, ranging from using trade policy for non-economic objectives (e.g., employment), to circumstances in an actual economy and markets being different from those of the economic model (e.g. existence of economies of scale, imperfect competition or imperfect information). Nevertheless many countries have embraced the advantages of open trade regimes and have pursued liberal trade unilaterally or more often through membership in the multilateral trading system, the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). On the other hand, both trade theory and the international trading rules allow for the discriminatory trade policies in the forms of preferential or regional trade agreements.

Download Info

If 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.
File URL: http://www.unescap.org/tid/publication/tipub2563_chap2.pdf
Download Restriction: no

Bibliographic Info

as in new window

This chapter was published in:

  • Mia Mikic (ed.), 2009. "Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2563, December.
    This item is provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its series STUDIES IN TRADE AND INVESTMENT with number tipub2563_chap2.

    Handle: RePEc:unt:ecchap:tipub2563_chap2

    Contact details of provider:
    Postal: The United Nations Building, Rajadamnern Nok Avenue, Bangkok 10200
    Phone: (66-2) 288-1234
    Fax: (66-2) 288-1000
    Email:
    Web page: http://www.unescap.org/
    More information through EDIRC

    Related research

    Keywords: trade policies; GATT; WTO; regional; agreement; goods; Asia; Pacific; GDP;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. John Gilbert, 2013. "The economic impact of new regional trading developments in the ESCAP region," Asia Pacific Trade and Investment Review, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 20(1), pages 1-32, June.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:unt:ecchap:tipub2563_chap2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mia Mikic).

    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.