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New Regionalism in East Asia and its Relationship with the WTO and APEC

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  • Hyun-Hoon Lee
  • Peter J. Lloyd
  • Chung-Mo Koo

Abstract

Since the 1997–98 financial crisis, the countries of East Asia have been giving more attention to ways of expanding intra regional trade that include: the establishment of regional trade agreements (RTAs) such as ASEAN+3; plans to establish a free trade area involving the economies of ASEAN and China; as well as moves towards bilateral trade agreements. The trend towards this new regionalism, the reasons for it, its impact upon the region, its future evolution and prospects are of profound regional, and indeed global, significance This paper reviews the new regionalism in East Asia in recent years, and discusses how it relates with the WTO and APEC.

Suggested Citation

  • 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.
    • Handle: RePEc:sae:intare:v:5:y:2002:i:2:p:87-103
    DOI: 10.1177/223386590200500205
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    References listed on IDEAS

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    1. repec:bla:ecorec:v:77:y:2001:i:238:p:228-41 is not listed on IDEAS
    2. 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.
    3. Lamberte, Mario B. & Milo, Melanie S. & Pontines, Victor, 2001. "NO to ¥E$? Enhancing Economic Integration in East Asia through Closer Monetary Cooperation," Discussion Papers DP 2001-16, Philippine Institute for Development Studies.
    4. Arvind Panagariya, 1999. "The Regionalism Debate: An Overview," The World Economy, Wiley Blackwell, vol. 22(4), pages 455-476, June.
    5. Charles Harvie & Hyun-Hoon Lee, 2003. "New Regionalism in East Asia: How Does It Relate to the East Asian Economic Development Model?," Palgrave Macmillan Books, in: Tran Hoa & Charles Harvie (ed.), New Asian Regionalism, chapter 4, pages 40-71, Palgrave Macmillan.
    6. Arvind Panagariya, 1999. "The Regionalism Debate: An Overview," The World Economy, Wiley Blackwell, vol. 22(4), pages 455-476, June.
    7. Peter Lloyd, 2002. "New Bilateralism in the Asia–Pacific," The World Economy, Wiley Blackwell, vol. 25(9), pages 1279-1296, September.
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    Keywords

    East Asia; Regionalism; WTO; APEC;
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