The East Asian region is a major global economic player, given its economic size and potential. As such, Regional Economic Integration in East Asia could be considered as an important building bloc toward integration of the Asia-Pacific region. East Asia has made significant progress in creating...

Monitoring the behavior of potential output helps policymakers implement appropriate policies in response to an economic crisis. In the short-run, estimates of the output gap will guide the timing of implementation and withdrawal of stimulus measures. In the medium- to long-term, these estimates...

The Asia and Pacific region and Latin American and Caribbean region are two regions divided not only by vast geographic distance, but also by disparities in economics, politics, culture, and history. Most recently, a number of forums explored the possibility of closing such gaps and linking the...

This paper discusses the nature of the rules of origin (ROOs) in the ASEAN+1 FTAs, particularly with respect to features and characteristics that could either facilitate or hinder the development of value chains, and the participation of firms in the increased globalization of production. By...

Amidst the rising trend in free trade agreements (FTAs) and growing international production sharing, rules of origin (ROO) has been beset with difficult recurring issues. First is the cost of ROO administration. Second, ROO as part of FTAs could generate new barriers to trade, thus taking with...

How are the ASEAN+1 free trade agreements facilitating the flow of goods in the supply chain in East Asia? This chapter looks at the experience of the Philippine automotive and electronic sectors–-two sectors that are well integrated into the supply network in East Asia. Using firm...

Amidst the rising trend in free trade agreements (FTAs) and growing international production sharing, rules of origin (ROO) has been beset with difficult recurring issues. First is the cost of ROO administration. Second, ROO as part of FTAs could generate new barriers to trade, thus taking with...

In moving toward the East Asian vision of a community, a rational, enabling regime of rules of origin (ROOs) that would encourage deeper economic integration and shared prosperity should be established. This means a set of ROOs that is trade facilitating even as it attempts to prevent trade...

This paper distills some policy lessons from the financial services integration program in the European Union for East Asia. Focusing on the improved cross-border facilitation of financial flows rather than on general macroeconomic factors related to optimal currency area formation, the paper...

With globalization and advances in information and communication technology (ICT) leading to growing international production sharing, amidst the increasing trend in preferential trading arrangements (PTAs), rules of origin (ROO) has been beset with difficult recurring issues. First and foremost...