Trade and Investment Policies and Regional Economic Integration in East Asia
The global economic crisis has affected the East Asian economies via trade and investment. The export-led model which had been responsible for the â€œEast Asian Miracleâ€ now must redirect the basis of growth from exports sent to the US and Europe to regional and domestic demand. Regional trade integration has been market-led through production networks and foreign direct investment (FDI). Since the proliferation of bilateral and plurilateral free trade agreements (FTA) and economic partnership agreements (EPA) has not resulted in an integrated regional market, it is important that East Asia seek an arrangement for a region-wide FTA/EPA. Currently, there are proposals for an ASEAN+3, an ASEAN+6, Pan-Asia, and Asia Pacific initiatives. While proponents of a region-wide FTA/EPA highlight its benefits, skeptics and critics point to the difficulties of reaching consensus in a region with widely varying political, economic, and social systems. Ultimately it will depend on a political-economic decision based on a cost-benefit analysis of liberalization, facilitation, and cooperation in a region-wide FTA. [ADBI Working Paper No. 210]
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yap, Josef T. & Medalla, Erlinda M., 2008. "Policy Issues for the ASEAN Economic Community: the Rules of Origin," Discussion Papers DP 2008-18, Philippine Institute for Development Studies.
- Asian Development Bank & World Bank & Japan Bank for International Cooperation, 2005. "Connecting East Asia : A New Framework for Infrastructure," World Bank Publications, The World Bank, number 7267, April.
- Francois, Joseph & Wignaraja, Ganeshan, 2008.
"Economic Implications of Deeper Asian Integration,"
CEPR Discussion Papers
6976, C.E.P.R. Discussion Papers.
- Erlinda M. Medalla & Josef T. Yap, 2008. "Policy Issues for the ASEAN Economic Community : the Rules of Origin," Trade Working Papers 22666, East Asian Bureau of Economic Research.
- Michael G. Plummer & Ganeshan Wignaraja, 2007.
"The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future,"
Working Paper Series
12_07, The Rimini Centre for Economic Analysis.
- Michael G. Plummer & Ganeshan Wignaraja, 2006. "The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future," Economie Internationale, CEPII research center, issue 107, pages 59-85.
- Plummer, Michael G. & Wignaraja, Ganeshan, 2007. "The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future," Working Papers on Regional Economic Integration 9, Asian Development Bank.
- Baldwin, Richard, 2006.
"Managing the Noodle Bowl: The Fragility of East Asian Regionalism,"
CEPR Discussion Papers
5561, C.E.P.R. Discussion Papers.
- Richard E. Baldwin, 2008. "Managing The Noodle Bowl: The Fragility Of East Asian Regionalism," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 53(03), pages 449-478.
- Baldwin, Richard E., 2007. "Managing the Noodle Bowl: The Fragility of East Asian Regionalism," Working Papers on Regional Economic Integration 7, Asian Development Bank.
- Francois Joseph F & Wignaraja Ganeshan, 2008. "Economic Implications of Asian Integration," Global Economy Journal, De Gruyter, vol. 8(3), pages 1-48, September.
- John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan, vol. 19(1), pages 1-31, March.
- Manchin, Miriam & Pelkmans-Balaoing, Annette O., 2007. "Rules of origin and the web of East Asian free trade agreements," Policy Research Working Paper Series 4273, The World Bank.
- Erlinda M. Medalla & Josef T. Yap, 2008. "Policy Issues for the ASEAN Economic Community : the Rules of Origin," Trade Working Papers 22015, East Asian Bureau of Economic Research.
- repec:rim:rimwps:12-07 is not listed on IDEAS
- TAKAHASHI Katsuhide & URATA Shujiro, 2008. "On the Use of FTAs by Japanese Firms," Discussion papers 08002, Research Institute of Economy, Trade and Industry (RIETI).
When requesting a correction, please mention this item's handle: RePEc:ess:wpaper:id:2993. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash)
If references are entirely missing, you can add them using this form.