This paper models both the supply and demand of Australian non-commodity exports. We derive long-run export demand relationships from first principles. On the demand side, the paper finds a relatively low substitution elasticity between Australian exports and a broad basket of foreign produced...

Korea needs to intensify economic linkages with emerging economies, but also has to be cautious of their political risks. As for the East Asian economic integration, it needs to steadily engage Japan in the integration process and to circumscribe the leverage of China together with Japan