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Closer Economic Relations with East Asia?

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  • P.J. Lloyd

Abstract

This paper examines Australia’s economic links with East Asia and the policy implications of these links. The main issue is whether Australia should join the regional trading arrangements with East Asian countries that have been proposed. It examines the factors which determine the share of East Asia in Australian exports. One of these, the country bias factor, is threatened by proposed regional trading arrangements which might exclude Australia. After considering the costs of exclusion, the paper concludes that Australia should consider developing new bilateral or regional trade arrangements with countries in East Asia.

Suggested Citation

  • P.J. Lloyd, 2001. "Closer Economic Relations with East Asia?," The Economic Record, The Economic Society of Australia, vol. 77(238), pages 228-241, September.
    • Handle: RePEc:bla:ecorec:v:77:y:2001:i:238:p:228-241
    DOI: 10.1111/1475-4932.t01-1-00019
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    Cited by:

    1. Hyun-Hoon Lee & Peter J. Lloyd & Chung-Mo Koo, 2002. "New Regionalism in East Asia and its Relationship with the WTO and APEC," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 5(2), pages 87-103, September.

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