negative shock in Mexican equities is transmitted to Asia and Latin America, and to particular countries within each region … effects which are less strong in Asia than in Latin America. The shocks seem to affect Latin American NAVs directly, while the … in Latin America to equity prices in Asia. Even though the data show that co-movements are stronger within each regional …

bilateral trade confirm the presence of implicit or de facto trade blocs in Asia and the Pacific, as in Europe and the Western …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 …