In this tutorial article, the strategies available to hedge market risks arising from different financing instruments are explained. Financial derivatives, whether futures or options have been widely applied in companies to mitigate or eliminate potential losses due to the uncertainty in...

How are the ASEAN+1 free trade agreements facilitating the flow of goods in the supply chain in East Asia? This chapter looks at the experience of the Philippine automotive and electronic sectors"-two sectors that are well integrated into the supply network in East Asia. Using firm interviews,...

This paper discusses the nature of the rules of origin (ROOs) in the ASEAN+1 FTAs, particularly with respect to features and characteristics that could either facilitate or hinder the development of value chains, and the participation of firms in the increased globalization of production. By...

Global economic shocks, geopolitical tensions, and an intensified backlash against globalization are changing the outlook for growth and economic cooperation in trade-oriented economies. We provide a comprehensive review of these developments using a new CGE model that also analyzes effects on...