IDEAS home Printed from https://ideas.repec.org/p/ris/adbrei/0074.html
   My bibliography  Save this paper

Asia’s Strategic Participation in the Group of 20 for Global Economic Governance Reform: From the Perspective of International Trade

Author

Listed:
  • Taeho Bark

    (Seoul National University)

  • Moonsung Kang

    (Korea University)

Abstract

After considering the background to the G20 summit meetings after the recent global economic and financial crisis, this paper aims to identify the trade agenda that represents Asia’s concerns for the global and regional trading system. Asia, in particular East Asia, has played an important role in evolving the global production and trade networks. The regional production network in East Asia became the major transmission mechanism of the crisis, resulting in a trade collapse, but Asia experienced a relatively quick rebound, demonstrating that its network was not derailed. Asian economies have also shifted their policy focus from multilateralism to regionalism, even though there are several challenges such as underuse and a shallowness of their regional trade agreements. This paper recommends that the Seoul Summit seek tangible results on resolving the stalemate of the Doha Development Agenda to strengthen the credibility of G20, integrate individual free trade agreements into broader regional trade agreements, and link the development agenda to trade.

Suggested Citation

  • Taeho Bark & Moonsung Kang, 2011. "Asia’s Strategic Participation in the Group of 20 for Global Economic Governance Reform: From the Perspective of International Trade," Working Papers on Regional Economic Integration 74, Asian Development Bank.
  • Handle: RePEc:ris:adbrei:0074
    as

    Download full text from publisher

    File URL: http://aric.adb.org/pdf/workingpaper/WP74_Bark_Kang_Asia%27s_Strategic_Participation.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dukgeun Ahn, 2003. "WTO Dispute Settlements in East Asia," NBER Working Papers 10178, National Bureau of Economic Research, Inc.
    2. Yap, Josef T. & Majuca, Ruperto P. & Park, Cyn-Young, 2010. "The 2008 Financial Crisis and Potential Output in Asia: Impact and Policy Implications," Discussion Papers DP 2010-11, Philippine Institute for Development Studies.
    3. Prema-chandra Athukorala, 2009. "Production Networks and Trade Patterns:East Asia in a Global Context," Departmental Working Papers 2009-15, The Australian National University, Arndt-Corden Department of Economics.
    4. Prema-chandra Athukorala, 2011. "Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?," Asian Economic Papers, MIT Press, vol. 10(1), pages 65-95, Winter/Sp.
    5. Dr. Mitsuyo ANDO & Dr. Fukunari Kimura, 2009. "Fragmentation in East Asia: Further Evidence," Working Papers DP-2009-20, Economic Research Institute for ASEAN and East Asia (ERIA).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sherry Stephenson & Maryse Roberts, 2011. "Evaluating the Contributions of Regional Trade Agreements to Governance of Services Trade," ADBI Working Papers 307, Asian Development Bank Institute.
    2. Moonsung Kang, 2011. "An Analysis of Economic Impacts of FTAs on Strategic Industries in Jordan," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 14(4), pages 73-96, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Hyun-Hoon & Park, Donghyun & Wang, Jing, 2013. "Different types of firms, different types of products, and their dynamics: An anatomy of China's imports," China Economic Review, Elsevier, vol. 25(C), pages 62-77.
    2. Jung Hur & Hyun-Hoon Lee, 2017. "Apec Has Indeed Created Intra-Regional Trade: A Systematic Empirical Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(05), pages 1077-1095, December.
    3. Hyun-Hoon Lee & Donghyun Park & Kwanho Shin, 2017. "Effects of China's Structural Change on the Exports of East Asian Economies," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 25(3), pages 1-30, May.
    4. Hyun-Hoon Lee & Donghyun Park & Jing Wang, 2012. "Different Types of Firms, Products, and Directions of Trade: The Case of the People’s Republic of China," Working Papers on Regional Economic Integration 101, Asian Development Bank.
    5. Prema‐chandra Athukorala, 2009. "The Rise of China and East Asian Export Performance: Is the Crowding‐Out Fear Warranted?," The World Economy, Wiley Blackwell, vol. 32(2), pages 234-266, February.
    6. Baldwin, Richard, 2010. "Sequencing regionalism: Theory, European practice, and lessons for Asia," CEPR Discussion Papers 7852, C.E.P.R. Discussion Papers.
    7. Prema‐chandra Athukorala & Shahbaz Nasir, 2012. "Global production sharing and South‐South trade," Indian Growth and Development Review, Emerald Group Publishing Limited, vol. 5(2), pages 173-202, September.
    8. Prema‐chandra Athukorala & Nobuaki Yamashita, 2009. "Global Production Sharing and Sino–US Trade Relations," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(3), pages 39-56, May.
    9. Huang, Yanghua & Salike, Nimesh & Zhong, Feiteng, 2017. "Policy effect on structural change: A case of Chinese intermediate goods trade," China Economic Review, Elsevier, vol. 44(C), pages 30-47.
    10. Prema-chandra Athukorala & Archanun Kohpaiboon, 2010. "East Asia in World Trade: The Decoupling Fallacy, Crisis, and Policy Challenges," FIW Working Paper series 052, FIW.
    11. Hyunbae Chun & Jung Hur & Young Gak Kim & Hyeog Ug Kwon, 2017. "Cross-border Vertical Integration and Intra-firm Trade: New Evidence from Korean and Japanese Firm-level Data," Asian Economic Papers, MIT Press, vol. 16(2), pages 126-139, Summer.
    12. Dukgeun Ahn, 2005. "WTO Dispute Settlements in East Asia," NBER Chapters, in: International Trade in East Asia, pages 287-328, National Bureau of Economic Research, Inc.
    13. Dutta, Sourish, 2017. "Research Methods of Assessing Global Value Chains," MPRA Paper 106201, University Library of Munich, Germany.
    14. Helble, Matthias & Ngiang, Boon-Loong, 2016. "From global factory to global mall? East Asia’s changing trade composition and orientation," Japan and the World Economy, Elsevier, vol. 39(C), pages 37-47.
    15. Dutta, Sourish, 2017. "Mechanics of Global Value Chains: India's Perspective," MPRA Paper 108482, University Library of Munich, Germany.
    16. Sirimal Abeyratne, 2012. "Sri Lanka’s Free Trade Agreements with India and Pakistan: Are They Leading Bilateral Trade Beyond Normalcy?," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 17(Special E), pages 315-337, September.
    17. Shahriar Kabir & Ruhul Salim, 2016. "Can A Common Currency Induce Intra-Regional Trade? The Southeast Asian Perspective," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 28(3), pages 218-234, November.
    18. Richard Pomfret & Patricia Sourdin, 2016. "Trade between Australia and the EU, 1990 - 2015," School of Economics and Public Policy Working Papers 2016-10, University of Adelaide, School of Economics and Public Policy.
    19. Chandni Dawani & Deepa Pareek, 2024. "Analysing India’s Export Competitiveness in ASEAN Economies: Insights from Viner’s Trade Creation Model," Journal of Asian Economic Integration, , vol. 6(1), pages 7-30, April.
    20. Rahul Sen & Sadhana Srivastava, 2011. "Integrating into Asia’s international production networks: Challenges and prospects for India," STUDIES IN TRADE AND INVESTMENT, in: Witada Anukoonwattaka & Mia Mikic (ed.), India: A New Player in Asian Production Networks?, Studies in Trade and Investment 75, chapter 4, pages 78-119, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

    More about this item

    Keywords

    global governance and Group of Twenty (G20); international and regional trade; global and regional p;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:adbrei:0074. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivan B. de Leon (email available below). General contact details of provider: https://edirc.repec.org/data/oradbph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.