Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration
The authors analyze the patterns of East Asia's trade and foreign direct investment (FDI) from a global and intraregional perspective, taking into account the importance of trade and FDI interlinkages. They propose two regionally-focused appro...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/06/2390976/regional-integration-east-asia-challenges-opportunities-part-ii-trade-finance-integration http://hdl.handle.net/10986/18174 |
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okr-10986-181742021-04-23T14:03:41Z Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration Sakakibara, Eisuke Yamakawa, Sharon ACCESS TO INFORMATION AVERAGE TRADE CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGES COMPETITIVENESS CROWDING OUT CURRENCY DEBT DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC HISTORY ECONOMIES OF SCALE EXPORT PATTERNS EXPORT SHARE EXPORT SHARES EXPORTS EXTERNALITIES FINANCE FLOATING REGIMES FOREIGN AFFILIATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL INTEGRATION GLOBAL MARKETS GROWTH RATE IMPORTS INCOME INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRODUCTION INTRAREGIONAL TRADE LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEASURE OF TRADE MULTILATERAL APPROACH NATURAL RESOURCES OPENNESS ORGANIZATIONAL STRUCTURE PATTERN OF TRADE PATTERNS OF TRADE PREFERENTIAL ARRANGEMENTS REGIONAL INTEGRATION REGIONALISM SHARE OF WORLD EXPORTS TAX SYSTEMS TOTAL FACTOR PRODUCTIVITY TRADE TRADE FLOWS TRADE INTENSITY TRADE INTENSITY INDICES TRADE MORE TRADING PARTNERS TRANSPARENCY VALUE OF EXPORTS WORLD TRADE WTO FOREIGN DIRECT INVESTMENTS TRADE POLICY REGIONAL TRADE AGREEMENTS REGIONAL INTEGRATION FINANCIAL LIBERALIZATION EAST ASIA SWAP TRANSACTIONS CAPITAL ACCOUNT MACROECONOMIC POLICY FINANCIAL REGULATION FLOATING RATE PARTICIPATION FOREIGN DIRECT INVESTMENTS WTO The authors analyze the patterns of East Asia's trade and foreign direct investment (FDI) from a global and intraregional perspective, taking into account the importance of trade and FDI interlinkages. They propose two regionally-focused approaches to promoting trade and FDI in East Asia-regional agreements and regional production networks. The East Asia crisis strengthened appeals for regional cooperation in the financial area. As a result, a number of financial arrangements and initiatives have emerged since the crisis, the most prominent of these, the Chiang Mai Initiative. (The Association of Southeast Asian Nations plus China, the Republic of Korea, and Japan decided at their meeting in Chiang Mai, Thailand, in May 2000, to establish a regional network of swap arrangements.) While opening of the capital account is considered desirable in the long run, it is associated with considerable risk, particularly if macroeconomic policies are not sound and financial supervision and regulation is weak. Because of the potential volatility associated with floating regimes and the desire to avoid another crisis in the region, the authors discuss a number of options. 2014-05-05T20:24:37Z 2014-05-05T20:24:37Z 2003-06 http://documents.worldbank.org/curated/en/2003/06/2390976/regional-integration-east-asia-challenges-opportunities-part-ii-trade-finance-integration http://hdl.handle.net/10986/18174 English en_US Policy Research Working Paper;No. 3079 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific East Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION AVERAGE TRADE CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGES COMPETITIVENESS CROWDING OUT CURRENCY DEBT DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC HISTORY ECONOMIES OF SCALE EXPORT PATTERNS EXPORT SHARE EXPORT SHARES EXPORTS EXTERNALITIES FINANCE FLOATING REGIMES FOREIGN AFFILIATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL INTEGRATION GLOBAL MARKETS GROWTH RATE IMPORTS INCOME INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRODUCTION INTRAREGIONAL TRADE LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEASURE OF TRADE MULTILATERAL APPROACH NATURAL RESOURCES OPENNESS ORGANIZATIONAL STRUCTURE PATTERN OF TRADE PATTERNS OF TRADE PREFERENTIAL ARRANGEMENTS REGIONAL INTEGRATION REGIONALISM SHARE OF WORLD EXPORTS TAX SYSTEMS TOTAL FACTOR PRODUCTIVITY TRADE TRADE FLOWS TRADE INTENSITY TRADE INTENSITY INDICES TRADE MORE TRADING PARTNERS TRANSPARENCY VALUE OF EXPORTS WORLD TRADE WTO FOREIGN DIRECT INVESTMENTS TRADE POLICY REGIONAL TRADE AGREEMENTS REGIONAL INTEGRATION FINANCIAL LIBERALIZATION EAST ASIA SWAP TRANSACTIONS CAPITAL ACCOUNT MACROECONOMIC POLICY FINANCIAL REGULATION FLOATING RATE PARTICIPATION FOREIGN DIRECT INVESTMENTS WTO |
| spellingShingle |
ACCESS TO INFORMATION AVERAGE TRADE CAPITAL ACCOUNT CAPITAL MARKET CAPITAL MARKETS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGES COMPETITIVENESS CROWDING OUT CURRENCY DEBT DEVELOPED COUNTRIES ECONOMIC DEVELOPMENT ECONOMIC HISTORY ECONOMIES OF SCALE EXPORT PATTERNS EXPORT SHARE EXPORT SHARES EXPORTS EXTERNALITIES FINANCE FLOATING REGIMES FOREIGN AFFILIATES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN TRADE GDP GLOBAL INTEGRATION GLOBAL MARKETS GROWTH RATE IMPORTS INCOME INTERNATIONAL ORGANIZATIONS INTERNATIONAL PRODUCTION INTRAREGIONAL TRADE LIVING STANDARDS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEASURE OF TRADE MULTILATERAL APPROACH NATURAL RESOURCES OPENNESS ORGANIZATIONAL STRUCTURE PATTERN OF TRADE PATTERNS OF TRADE PREFERENTIAL ARRANGEMENTS REGIONAL INTEGRATION REGIONALISM SHARE OF WORLD EXPORTS TAX SYSTEMS TOTAL FACTOR PRODUCTIVITY TRADE TRADE FLOWS TRADE INTENSITY TRADE INTENSITY INDICES TRADE MORE TRADING PARTNERS TRANSPARENCY VALUE OF EXPORTS WORLD TRADE WTO FOREIGN DIRECT INVESTMENTS TRADE POLICY REGIONAL TRADE AGREEMENTS REGIONAL INTEGRATION FINANCIAL LIBERALIZATION EAST ASIA SWAP TRANSACTIONS CAPITAL ACCOUNT MACROECONOMIC POLICY FINANCIAL REGULATION FLOATING RATE PARTICIPATION FOREIGN DIRECT INVESTMENTS WTO Sakakibara, Eisuke Yamakawa, Sharon Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| geographic_facet |
East Asia and Pacific East Asia |
| relation |
Policy Research Working Paper;No. 3079 |
| description |
The authors analyze the patterns of East
Asia's trade and foreign direct investment (FDI) from a
global and intraregional perspective, taking into account
the importance of trade and FDI interlinkages. They propose
two regionally-focused approaches to promoting trade and FDI
in East Asia-regional agreements and regional production
networks. The East Asia crisis strengthened appeals for
regional cooperation in the financial area. As a result, a
number of financial arrangements and initiatives have
emerged since the crisis, the most prominent of these, the
Chiang Mai Initiative. (The Association of Southeast Asian
Nations plus China, the Republic of Korea, and Japan decided
at their meeting in Chiang Mai, Thailand, in May 2000, to
establish a regional network of swap arrangements.) While
opening of the capital account is considered desirable in
the long run, it is associated with considerable risk,
particularly if macroeconomic policies are not sound and
financial supervision and regulation is weak. Because of the
potential volatility associated with floating regimes and
the desire to avoid another crisis in the region, the
authors discuss a number of options. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Sakakibara, Eisuke Yamakawa, Sharon |
| author_facet |
Sakakibara, Eisuke Yamakawa, Sharon |
| author_sort |
Sakakibara, Eisuke |
| title |
Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| title_short |
Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| title_full |
Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| title_fullStr |
Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| title_full_unstemmed |
Regional Integration in East Asia : Challenges and Opportunities, Part 2. Trade, Finance, and integration |
| title_sort |
regional integration in east asia : challenges and opportunities, part 2. trade, finance, and integration |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/06/2390976/regional-integration-east-asia-challenges-opportunities-part-ii-trade-finance-integration http://hdl.handle.net/10986/18174 |
| _version_ |
1764439055728115712 |