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Singapore and the New Regionalism: Bilateral Trade Linkages with Japan and the US


  • Ramkishen S. Rajan
  • Rahul Sen
  • Reza Siregar


Free Trade Areas (FTAs) have recently become an integral part of Singapore trade policy. This paper discusses the reasons behind Singapore's recent embracement of 'new regionalism' with particular reference to the proposals to form FTAs with Japan and the US. The paper goes on to examine various aspects of Singapore's trade linkages with the two economic superpowers in some detail. Popular discussion of FTAs gives one the appearance that such a trade policy is entirely benign. The paper sounds a cautionary note, highlighting some reasons to be concerned with Singapore's recent embracement of the 'new regionalism'. Copyright Blackwell Publishing Ltd 2003.

Suggested Citation

  • Ramkishen S. Rajan & Rahul Sen & Reza Siregar, 2003. "Singapore and the New Regionalism: Bilateral Trade Linkages with Japan and the US," The World Economy, Wiley Blackwell, vol. 26(9), pages 1325-1356, September.
  • Handle: RePEc:bla:worlde:v:26:y:2003:i:9:p:1325-1356

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    References listed on IDEAS

    1. Dennis C. Mueller (ed.), 2001. "The Economics of Politics," Books, Edward Elgar Publishing, volume 0, number 2132.
    2. Frankel, Jeffrey & Stein, Ernesto & Wei, Shang-jin, 1995. "Trading blocs and the Americas: The natural, the unnatural, and the super-natural," Journal of Development Economics, Elsevier, vol. 47(1), pages 61-95, June.
    3. Lawrence H. Summers, 1991. "Regionalism and the world trading system," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 295-301.
    4. Rupa Duttagupta & Arvind Panagariya, 2007. "Free Trade Areas And Rules Of Origin: Economics And Politics," Economics and Politics, Wiley Blackwell, vol. 19(2), pages 169-190, July.
    5. Paul R. Krugman, 1991. "The move toward free trade zones," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 7-58.
    6. Jiandong Ju & Kala Krishna, 2005. "Firm behaviour and market access in a Free Trade Area with rules of origin," Canadian Journal of Economics, Canadian Economics Association, vol. 38(1), pages 290-308, February.
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    Cited by:

    1. repec:ebl:ecbull:v:6:y:2004:i:9:p:1-12 is not listed on IDEAS
    2. Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), 2010. "The New Political Economy of Southeast Asia," Books, Edward Elgar Publishing, number 14019.

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