Frankel, Jeffrey; Wei, Shang-Jin - Center for Pacific Basin Monetary and Economic Studies, … - 1996
the only formal regional arrangement in the area, ASEAN, does not in fact function as an economic bloc. Trade among the … ASEAN economies is in fact higher than one would expect, based on their income levels and other important determinants of … bilateral trade. The same is true of trade within East Asia more broadly (or trade within an ASEAN-Australia-New Zealand …