Regionalism versus multilateral trade arrangements
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Bibliographic Information
Regionalism versus multilateral trade arrangements
（NBER-East Asia seminar on economics, v. 6）
University of Chicago Press, 1997
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Sponsored by the National Bureau of Economic Research and other organizations
Edited versions of papers presented at the NBER-East Asia Seminar on Economics 6th annual conference, held in Seoul, Korea, June 15-17, 1995
Includes bibliographical references and indexes
Description and Table of Contents
Description
The open multilateral trading system after World War II is regarded as a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically, both in absolute terms and as a percentage of GNP. In the 1980s, however, preferential trading arrangements (PTAs) began to emerge as significant factors affecting world trade. This volume contains 13 papers which analyze the tensions between multilateral trading systems and preferential trade arrangements, and the impact of these tensions on East Asia. The first four chapters introduce PTAs conceptually and focus on the unique political issues that these agreements involve. The next five essays present more direct empirical analyses of existing PTAs and their economic effects, primarily in East Asia. The last four papers concentrate on the outcomes of individual East Asian nations' trading policies in specific instances of preferential agreements.
Table of Contents
Acknowledgments Introduction Takatoshi Ito, Anne O. Krueger. 1: Problems with Overlapping Free Trade Areas Anne O. Krueger 2: The Political Economy of Mexico's Entry into NAFTA Aaron Tornell, Gerardo Esquivel. Comment: Wontack Hong 3: Social Policy Dimensions of Economic Integration: Environmental and Labor Standards Kym Anderson Comment: Menzie D. Chinn Comment: Chong-Hyun Nam 4: EU, NAFTA, and Asian Responses: A Perspective from the Calculus of Participation Junichi Goto, Koichi Hamada. Comment: Tamim Bayoumi Comment: Wontack Hong 5: Open versus Closed Trade Blocs Shang-Jin Wei, Jeffrey A. Frankel. Comment: Taeho Bark 6: Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA Tamim Bayoumi, Barry Eichengreen. Comment: Francis T. Lui Comment: Chong-Hyun Nam 7: Asia Pacific Capital Markets: Integration and Implications for Economic Activity Menzie D. Chinn, Michael Dooley. Comment: Koichi Hamada Comment: Aaron Tornell 8: Recent Developments of APEC: Issues and Prospects of the Osaka Agenda Ippei Yamazawa Comment: Chia Siow Yue 9: A Perspective on the Effects of NAFTA on Korea Honggue Lee Comment: Tain-Jy Chen 10: Regionalism and Subregionalism in ASEAN: The Free Trade Area and Growth Triangle Models Chia Siow Yue Comment: Mario B. Lamberte, Menzie D. Chinn, Michael Dooley. Comment: Koichi Hamada Comment: Aaron Tornell 8: Recent Developments of APEC: Issues and Prospects of the Osaka Agenda Ippei Yamazawa Comment: Chia Siow Yue 9: A Perspective on the Effects of NAFTA on Korea Honggue Lee Comment: Tain-Jy Chen 10: Regionalism and Subregionalism in ASEAN: The Free Trade Area and Growth Triangle Models Chia Siow Yue Comment: Mario B. Lambert, Yujiro Hayami, Yoshihisa Godo. Comment: Ammar Siamwalla Comment: Kym Anderson Contributors Name Index Subject Index
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