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 …

A common view holds that the trend toward Asian financial regionalism is a relatively new phenomenon that became … regionalist projects in Asia throughout the 1990s. As they demonstrate, Asian countries, especially Japan, have held a strong … desire to establish an Asia-only regional cooperation framework at least since the early 1990s. The basic policy stance of …

When debating the pros and cons of economic regionalism, haven't we focused enough on trade in goods at the expense of … services? This article argues that regionalism is certainly a building block, not a stumbling block to a multilateral trading … appropriate relationship between multilateralism and regionalism in the context of services. …

Why is Asia lagging behind other regions in creating regional judicial institutions? What lessons from the operation of … judicial institutions elsewhere have also rarely been used to resolve inter-state disputes. The most valuable lesson for Asia … and private parties about the implementation of international law. While Asia lacks an extensive set of regional laws and …

The paper argues that East Asian regionalism is fragile because (i) each nation's industrial competitiveness depends on … the smooth functioning of "Factory Asia" - in particular for intraregional trade; (ii) the unilateral tariff-cutting that … created Factory Asia is not subject to WTO discipline (bindings); (iii) there is no "top-level management"; to substitute for …

Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …

This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and …

chasm by developing a blueprint for "first-best" regionalism based on “best practices." It then applies the associated set … of rules to existing FTAs in Asia (both intra- and extra-regional) to guage the degree to which they approach best …

This paper examines the unfolding of the US subprime-generated turmoil and its potential spillover on emerging Asia … given underlying weaknesses in the region's financial systems. Rapid financial globalization also poses new challenges as … environment and innovation. Policy priorities to foster regional financial stability include enhancing transparency and governance …