The share of emerging Asia in world trade has increased sharply over the past 25 years. A large part of this increase … is the result of booming intraregional trade. This paper investigates the key factors behind the rapid increase in … intraregional trade among economies in emerging Asia and its implications for the dependency of economies in the region on the …

.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between …

economic policy coordination. The IMF helps to ensure economic gains from globalization by encouraging trade liberalization …