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Open regionalism: An alternative to the regional trading bloc in East Asia?

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  • Yongsun Paik

Abstract

As the regional economic integration around the world increases in intensity, the possibility of forming a trading bloc in East Asia looms large. A model is developed to test the viability of major trading blocs using a schematic, which measures the level of integration against the level of resistance. Given the prevailing internal and external problems, an Asian trading bloc, if any, is expected to be the one with a relatively low level of integration based on the open regionalism bridging the countries across the Pacific Ocean.

Suggested Citation

  • Yongsun Paik, 1998. "Open regionalism: An alternative to the regional trading bloc in East Asia?," Global Economic Review, Taylor & Francis Journals, vol. 27(1), pages 48-62.
    • Handle: RePEc:taf:glecrv:v:27:y:1998:i:1:p:48-62
    DOI: 10.1080/12265089808449725
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