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Economic Integration in Northeast Asia : Search for a Feasible Approach

Author

Listed:
  • Inkyo Cheong

    (KEIP - Korea Institute for International Economic Policy)

Abstract

According to simulation results, the formation of an FTA would substantially improve Koreas and Japans trade balances, while China would experience a sizeable increase in its trade deficit. This indicates that simple barriers (NTBs) within a short period of time is not a feasible approach for economic integration in Northeast Asia. Therefore in creating the Northeast Asian Free Trade Area, we need to implement a strategy that will gradually lead to regional economic integration in the region.

Suggested Citation

  • Inkyo Cheong, 1999. "Economic Integration in Northeast Asia : Search for a Feasible Approach," Trade Working Papers 21751, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:tradew:21751
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    File URL: http://www.eaber.org/node/21751
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    More about this item

    Keywords

    economic integration; regional trade agreement; econoimc interdependence; Korea; China; Japan;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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