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Regional Trade and Investment Architecture in Asia-Pacific : Emerging Trends and Imperatives

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  • Tiziana Bonapace

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Abstract

Regionalism has become a key component of the new international order. It offers to the governments of developed and developing countries a new and attractive complementary strategy to multilateralism. Most countries of the world today belong to one or more regional trading arrangements of some kind covering more than two-thirds of the trade conducted. The Asia Pacific region is no exception to this trend. This paper examines the evolving regional trading panorama in the Asia Pacific region with its recent surge in bilateralism and its implications for evolving a regional trade and investment architecture. It argues that by facilitating the development of a seamless, region-wide zone of trade and investment, the region will enhance its prospects for becoming worlds center of economic growth and prosperity by 2020.

Suggested Citation

  • Tiziana Bonapace, 2005. "Regional Trade and Investment Architecture in Asia-Pacific : Emerging Trends and Imperatives," Trade Working Papers 22085, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:tradew:22085
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    File URL: http://www.eaber.org/node/22085
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    References listed on IDEAS

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    1. Pradhan, Jaya Prakash, 2003. "Rise of service sector outward foreign direct investment from Indian economy: trends, patterns, and determinants," MPRA Paper 17078, University Library of Munich, Germany.
    2. Nagesh Kumar & K.J. Joseph, 2006. "National Innovation Systems and India’s IT Capability: Are There Any Lessons for ASEAN Newcomers?," Chapters,in: Asia’s Innovation Systems in Transition, chapter 10 Edward Elgar Publishing.
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    Cited by:

    1. Tulus Tambunnan, 2007. "Trade and Investment Liberalization Effects on SME Development: A Literature Review and a Case Study of Indonesia," Working Papers 4207, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    2. Nagesh Kumar, 2005. "Towards a Broader Asian Community : Agenda for the East Asia Summit," Macroeconomics Working Papers 22107, East Asian Bureau of Economic Research.

    More about this item

    Keywords

    globalization; WTO; Investments;

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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