Advanced Search
MyIDEAS: Login to save this paper or follow this series

European integration deepening and widening: implications for Asia

Contents:

Author Info

  • Langhammer, Rolf J.

Abstract

The paper discusses the relevance of past concerns about trade and foreign direct investment diversion to the detriment of Asian suppliers and hosts as a result of EU integration deepening and widening in the nineties. Based on recent empirical evidence, these concerns are rejected. As concerns integration deepening through the Single Market Program (SMP), trade resistance factors on the EU import side can be explained mainly by slow growth in Europe in the first half of the nineties rather than by SMP-induced trade barriers. Concerning integration widening toward Central and Eastern Europe (CEE), higher trade and investment shares of CEE are seen as a process of normalization which materialized earlier than the effects of the Europe Agreements. As trade overlaps between Asian and CEE supply on EU markets are low, the trade diversion fear is not well-founded. The paper also addresses the likely implications of the Single European Currency for Asia. Preliminary findings suggest that short-term implications are small but qualifications have to be made given the insufficient data base concerning the use of European currencies for invoicing, financial transactions, anchor and reserve purposes in Asia.

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://econstor.eu/bitstream/10419/1048/1/kap892.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 892.

as in new window
Length:
Date of creation: 1998
Date of revision:
Handle: RePEc:kie:kieliw:892

Contact details of provider:
Postal: Kiellinie 66, D-24105 Kiel
Phone: +49 431 8814-1
Fax: +49 431 85853
Email:
Web page: http://www.ifw-kiel.de
More information through EDIRC

Related research

Keywords: regional integration; trade liberalization; foreign direct investment; monetary union;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Norbert Funke & Mike Kennedy, 1997. "International Implications of European Economic and Monetary Union," OECD Economics Department Working Papers 174, OECD Publishing.
  2. ALAN MATTHEWS & DERMOT McALEESE, 1990. "LDC Primary Exports to the EC: Prospects Post-1992," Journal of Common Market Studies, Wiley Blackwell, vol. 29(2), pages 157-180, December.
  3. Christopher Stevens, 1990. "The Impact of Europe 1992 on the Maghreb and Sub-Saharan Africa," Journal of Common Market Studies, Wiley Blackwell, vol. 29(2), pages 217-241, December.
  4. Hughes Hallett, A J, 1994. "The Impact of EC-92 on Trade in Developing Countries," World Bank Research Observer, World Bank Group, vol. 9(1), pages 121-46, January.
  5. Widgren, Mika, 1995. " Probabilistic Voting Power in the EU Council: The Cases of Trade Policy and Social Regulation," Scandinavian Journal of Economics, Wiley Blackwell, vol. 97(2), pages 345-56, June.
  6. Anderson, Kym, 1991. "Europe 1992 and the Western Pacific Economies," Economic Journal, Royal Economic Society, vol. 101(409), pages 1538-52, November.
  7. Anderson, Ronald W. & Powell, Andrew, 1991. "Markets, Stabilisation and Structural Adjustment in Eastern European Agriculture," Discussion Papers (ECON - Département des Sciences Economiques) 1991007, Université catholique de Louvain, Département des Sciences Economiques.
  8. Phedon Nicolaides, 1990. "Responding to European Integration: Developing Countries and Services," Journal of Common Market Studies, Wiley Blackwell, vol. 29(2), pages 201-215, December.
  9. Michael W. S. Davenport, 1990. "The External Policy of the Community and its Effects upon the Manufactured Exports of the Developing Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 29(2), pages 181-200, December.
  10. Kreinin, Mordechai E. & Plummer, Michael G., 1992. "Effects of economic integration in industrial countries on ASEAN and the Asian NIEs," World Development, Elsevier, vol. 20(9), pages 1345-1366, September.
  11. Yusuru Ozeki & George S. Tavlas, 1992. "The Internationalization of Currencies," IMF Occasional Papers 90, International Monetary Fund.
  12. Drysdale,Peter & Vines,David (ed.), 1998. "Europe, East Asia and APEC," Cambridge Books, Cambridge University Press, number 9780521633154, April.
  13. Sanoussi Bilal, 1998. "Political Economy Considerations on the Supply of Trade Protection in Regional Integration Agreements," Journal of Common Market Studies, Wiley Blackwell, vol. 36(1), pages 1-32, 03.
  14. Michael P. Dooley & J. Saul Lizondo & Donald J. Mathieson, 1989. "The Currency Composition of Foreign Exchange Reserves," IMF Staff Papers, Palgrave Macmillan, vol. 36(2), pages 385-434, June.
  15. Piazolo, Daniel, 1997. "Trade Integration between Eastern and Western Europe: Policies Follow the Market," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 12, pages 259-297.
  16. Sheila Page, 1992. "Some Implications of Europe 1992 for Developing Countries," OECD Development Centre Working Papers 60, OECD Publishing.
Full references (including those not matched with items on IDEAS)

Citations

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:kie:kieliw:892. 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: (Dieter Stribny).

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.