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 … WTO discipline, to ensure that bilateral trade tensions - tensions that are inevitable in East Asia - do not spill over …

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 …

of rules to existing FTAs in Asia (both intra- and extra-regional) to guage the degree to which they approach best …