A Study on the East Asian Regionalism: The Reality and Policy Issues
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This paper concludes that since the East Asian regionalism has not been pursued in a manner to avoid the spaghetti bowl problem which would potentially endanger the sophisticated production network in the region, a regional level trade arrangement is urgent merely for smooth functioning of already achieved functional economic integration in the region. For the eventual evolution of ASEAN+3 toward a region-wide free trade area, the paper also contends that East Asian countries need primarily to harmonize a set of inconsistent provisions existing in their already concluded bilateral trade agreements. It further supports pursuing regional level monetary and trade arrangements simultaneously, and reverse sequencing starting the Korea- China-Japan investment treaty prior to a tripartite trade arrangement. Subsequently, it maintains that East Asian countries should focus more on the progress of the intra-regionalism in advance to cross-regionalism in East Asia.
Abstract
This paper concludes that since the East Asian regionalism has not been pursued in a manner to avoid the spaghetti bowl problem which would potentially endanger the sophisticated production network in the region, a regional level trade arrangement is urgent merely for smooth functioning of already achieved functional economic integration in the region. For the eventual evolution of ASEAN+3 toward a region-wide free trade area, the paper also contends that East Asian countries need primarily to harmonize a set of inconsistent provisions existing in their already concluded bilateral trade agreements. It further supports pursuing regional level monetary and trade arrangements simultaneously, and reverse sequencing starting the Korea- China-Japan investment treaty prior to a tripartite trade arrangement. Subsequently, it maintains that East Asian countries should focus more on the progress of the intra-regionalism in advance to cross-regionalism in East Asia.
참고문헌 (23)
- Managing the Noodle Bowl: The Fragility of East Asian Regionalism, "Baldwin, Richard E", ADB, ~, pp.ADB Working Paper Series on Regional Economic Integration No. 7 (2007)
- Click & Plummer, "Stock Market Integration in ASEAN-After the Asian Financial Crisis", Journal of Asian Economics, 16 (2005)
- Integration and Trade Specialization in East Asia, "Damuri, Yose Rizal", CSIS, ~, pp.CSIS Working Paper Series WPE 094 (2006)
- Regional Cooperation in East Asia and FTA Strategies, "Drysdale, Peter", Australia Japan Research Center, The Australian National University, ~, pp.Pacific Economic Paper No. 344 (2005)
- Fukagawa, Yukiko, "East Asia's new economic integration strategy: Moving beyond the FTA", Asia-Pacific Review, 12(November) (2005)
- Fontagne, Lionel, "Intra-industry Trade Methodological Issues Reconsidered" (1997), CEPII
- Hiratsuka, Daisuke, "Escaping from FTA Trap and Spaghetti Bowl Problem in East Asia in Economic of East Asian Economic Integration" (2007), IDE-JETRO
- Vertical Intra-industry and Foreign Direct Investment in East Asia, "Ishido, Hikari", Research Institute of Economy, Trade and Industry, ~, pp.RIETI Discussion Paper Series 03-E-001 (2003)
- Evolving ASEAN+3 ERPD: Towards Peer Reviews or Due Diligence?, "Kawai, Masahiro", ADB Institute, ~, pp.ADB Institute Discussion Paper No. 79 (2007)
- ASEAN+3 or ASEAN+6: Which Way Forward, "Kawai, Masahiro", ADB Institute, ~, pp.ADB Institute Discussion Paper 77 (2007)
- Strengthening Regional Financial Cooperation in East Asia, "Kuroda, Haruhiko", Policy Research Institute, Ministry of Finance, ~, pp.PRI Discussion Paper Series, No. 034-10 (2003)
- Kwack, S.Y, "Exchange Rate and Monetary Regime Options for Regional Cooperation in East Asia", Journal of Asian Economics, 16 (2005)
- EU Integration and Implications for Asian Economies, "Langhammer,Schweickert", Kiel Institute for World Economy, ~, pp.Kiel Working Paper No. 1264 (2006)
- Lee, Byung-Hwa, "FDI from Developing Countries: A Vector for Trade and Development" (2002), OECD
- Lee, Chang Jae, "Characteristics and Prospects for East Asian Economic Integration, A Korean Perspective", Korea Institute for International Economic Policy, Paper presented at the seminar at the Institute of East Asian Economy, Chosun University, in Nov. 2008, ~ (2008)
- Mansfield, "The New Wave of Regionalism", International Organization, 53(3) (1999)
- Deeping Interdependency in East Asia: Deepening Intra-industry Trade of Japan and its Bilateral FTAs, "Okuda, Satoru", Institute of Developing Economies, JETRO, ~, pp.IDE APEC Study Center Working Paper Series 03 (2004), 04-No. 2
- The Post-Crisis Sequencing of Economic Integration in Asia: Trade as a Complement to a Monetary Future, "Plummer, Michael G", ADB, ~, pp.ADB Working Paper Series on Regional Economic Integration No. 9 (2007)
- Scolley, Robert, "Prospects for Linking PTAs in the Asia-Pacific Region, An APEC Trade Agenda? in The Political Economy of a Free Trade Area of the Asia-Pacific" (2007), Institute of Southeast Asian Studies
- Solis, Mireya, "Understanding East Asian Cross-Regionalism: An Analytical Framework", Pacific Affairs, 80(2) (2007), a Division of the University of British Columbia
- Japan and the East Asian Economies: Prospect and Retrospect in the Early Twenty-First Century, "Yamazawa, Ippei", Institute of Development Economies, JETRO, ~, pp.IDE APEC Study Center Working Paper Series 03 (2004), 04-No. 1
- Yue, Chia Siow, "Challenges and Configuration of a Region-wide FTA in East Asia", Paper for Presentation at the FONDAD Conference (2007), Singapore Institute of International Affairs
- Zheng, Bijian, "China's 'Peaceful Rise' to Great-Power Status", Foreign Affairs, 84(5) (2005)