I. Origin of Integration in Human History : Since life first began on earth 3.5 billions years ago, countless species have appeared and disappeared strictly according to the law of the jungle where only the fittest survived. Before the emergence of mankind, the earth had already gone through...

Whether international economic integration arrangements result in a more liberal trade at the multilateral level cannot be proven with ease. Integration may start this process, but it may also reverse it. New mega-integration deals such as the Trans-Pacific Partnership, Regional Comprehensive...

At present, the European Union (EU) is facing the biggest round of enlargement in its history. Many of the EU accession countries, which are less developed than the incumbents, will seek accession to the European Monetary Union (EMU) soon after the required two-year qualifying period. This is...

This paper examines the relationship between market integration and product diversification in a Chamberlinian model of monopolistic competition. In the first version of the model, production of the firm is organised in activities producing either one or two horizontally differentiated...

On behalf of almost twenty thousand faculty members and students of Sejong University, I would like to extend my hearty welcome to the participants, particularly from abroad, to attend the conference. I sincerely hope that your contributions today will substantially enhance the possibility of...

Adherents to the “natural trading partner” hypothesis argue that forming a PTA is more likely to raise welfare if member countries already trade disproportionately with each other. Opponents of the hypothesis claim that the opposite is true: welfare is likely to be higher if member countries...

China’s forthcoming accession to the WTO involves reforms across a wide range of sectors in China, both in directly trade-related sectors and behind the border. The implications of these reforms are greatly influenced by the starting point—a partially reformed economy with relatively high...

Accompanying the wave of liberalization in motion since the mid 1980s, trade complementarity and its underlying structure of comparative advantage have started to dictate the directions of international trade flows. The vibrant FDIexport- led Asian growth has revealed the role of FDI as a...

The paper examines Greek external trade following accession to the EU, placing emphasis on the 1990s. Using original disaggregated data we find: (i) Mutually offsetting, stable trade creation/trade diversion in imports from EU and third countries respectively. (ii) No EU effect on exports. These...

East Asian countries have experienced dynamic structural change in regional trade during the 1990s. While intra-regional trade rapidly progressed within the region after the financial crisis, Asia accounts for a large portion of inter-regional trade volume, even after the crisis. In this paper,...