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investigations suggest that (i) using the quantity measure there is a significant increase in real integration within East Asia; (ii … cross-country consumption relation did not change much; (iv) the degree of regional financial integration within Asia is far … lags real integration, especially for regional integration within Asia. …
Persistent link: https://www.econbiz.de/10011282132
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 system, using the services liberalization scheme of...
Persistent link: https://www.econbiz.de/10011281475
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 …
Persistent link: https://www.econbiz.de/10011281489
This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It presents various measures of trade and financial integration. An important finding of the paper is that increasing trade and financial integration in the region is...
Persistent link: https://www.econbiz.de/10011281500
ASEAN has significant achievements to its credit. It is a durable and effective functioning entity, more so than any other regional organization in the developing world. For a region characterized by great diversity and a history of conflict, ASEAN has played a role in delivering relative peace...
Persistent link: https://www.econbiz.de/10010529556
The future creation of a region-wide economic agreement in Asia has become the hot issue among trade policymakers in … the region. The APEC 2010 Summit Statement clearly states that the members should pursue a Free Trade Area of the Asia … (TPP). This paper considers the path or sequencing towards a future region-wide economic agreement in Asia, both …
Persistent link: https://www.econbiz.de/10011281465
of rules to existing FTAs in Asia (both intra- and extra-regional) to guage the degree to which they approach best …
Persistent link: https://www.econbiz.de/10011281501
Evaluating the economic impact of an FTA is an important part of the monitoring and surveying process that should follow the establishment of an FTA. This paper presents methods for evaluating the trade and welfare effects of an FTA. These methods show how to (i) compute indicators for the...
Persistent link: https://www.econbiz.de/10011283430
This paper provides practical techniques to policymakers for evaluating the potential economic effects of a Free Trade Agreement (FTA). To this end, the paper discusses how to apply three methods: (i) trade indicators, (ii) SMART (Software for Market Analysis and Restrictions on Trade) in WITS...
Persistent link: https://www.econbiz.de/10011283437
Two issues stand out in this conversation. The first concerns the unfinished business of the global fight against the scourge of poverty, which impacts one region more than most: Africa. At the same time, a key pre-requisite for economic performance - affordable and efficient public...
Persistent link: https://www.econbiz.de/10010426539