There are two striking conventional wisdoms about the status of regional trading blocs in East Asia. The first is that … members is thought to be very low. The second is that East Asia taken as a whole does function as a trading and investment … bilateral trade. The same is true of trade within East Asia more broadly (or trade within an ASEAN-Australia-New Zealand …

New regional initiatives abound, both outside Asia and within. Free Trade Areas in the West - notably NAFTA, its … possible enlargement into an FTA of the Americas, and the European Union - have implications for Asia. Asian manufacturers will … bilateral trade confirm the presence of implicit or de facto trade blocs in Asia and the Pacific, as in Europe and the Western …

differences in real labor incomes (absolute advantage), while the sectoral pattern of productivity differences determines trade … examine the trends and relationships between productivity and labor compensation in aggregate manufacturing. Wages and … 1970-1992. The STAN database is used to calculate bilateral trade patterns, productivity, and unit labor cost by sector …

This paper assesses the relationship between money and credit and episodes of sharp depreciation in East Asia by (i … the 1997 currency crisis in East Asia. However, signs of a money or credit boom based on other indicators were mixed. The … 1997 episodes differ from East Asia's past experience in a number of ways. Rapid growth in the M2 multiplier and in the …

This paper offers a game-theoretic interpretation of the recent currency crisis in Asia. Specifically, we argue that …