Old Issues in New Regionalism
AbstractThere has been a burst of interest in regional trading arrangements in the Asia Pacific region. Business pressures, frustration with the multilateral process, renewed interests in regional autonomy and domino effects have contributed to the interest in a preferential route. But the use of these arrangements leads to serious risks of new layers of discrimination in the regional trading system, and to a marked change in strategy for trade liberalisation in East Asia. Hopes that this route to reform will be successful may yet be disappointed. Even so, individual economies must design strategic responses to the change in the policy environment, with a long-run goal of returning liberalisation to the nondiscriminatory track.
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Bibliographic InfoPaper provided by Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University in its series Asia Pacific Economic Papers with number 311.
Length: 36 pages
Date of creation: Jan 2001
Date of revision:
Find related papers by JEL classification:
- F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
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