The aim of this paper is to evaluate the success of progressive services liberalization under the ASEAN China FTA (ACFTA). First, we calculate the level of commitments by applying the Hoekman Index. Second, we compare the ACFTA 2nd Package with the ACFTA 1st Package and examine the additional...

The 2007 financial and economic crisis that began in the United States and quickly spread around the world differed from earlier crises in a number of significant ways. This book examines the causes of these events in the US, and their impacts on North America, Europe, Asia and Australia.

Access to energy is a means to achieve economic development. Both environmental concerns and the global privatization trends have fueled the worldwide need to develop new and renewable sources of energy such as solar, hydro, biomass and wind. In the Philippines, where these new and renewable...

Purpose The purpose of this paper is to address the importance of establishing global value chains (GVCs) through the liberalization of trade in services, with the Republic of Korea comprising part of these value chains. Design/methodology/approach The construction of a database has revealed...

As economic integration in East Asia progresses,trade patterns within the region are displaying an ever-greater complexity: Though inter-industry trade still accounts for the majority,its share in overall trade is declining. Instead,intra-industry trade (IIT),which can be further divided into...

As economic integration in East Asia progresses, trade patterns within the region are displaying an ever-greater complexity: Though inter-industry trade still accounts for the majority, its share in overall trade is declining. Instead, intra-industry trade (IIT), which can be further divided...

This study maps out the degree of liberalization of trade in services under four ASEAN+n frameworks. After constructing a database showing the existence of limitations on market access and/or national treatment by each service sector, the study finds that the commitment level differs greatly...