Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia

Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resu...

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Main Authors:	Lee, Hiro, van der Mensbrugghe, Dominique
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240
Online Access:	http://hdl.handle.net/10986/4674

id	okr-10986-4674
recordtype	oai_dc
spelling	okr-10986-46742021-04-23T14:02:19Z Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia Lee, Hiro van der Mensbrugghe, Dominique Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resulting from various FTA scenarios in East Asia using a dynamic global computable general equilibrium (CGE) model. The RCA rankings of commodities with various FTA scenarios and those with the global trade liberalization are correlated to examine how "natural" each grouping would be. The results suggest that the ASEAN+3 FTA, with relatively large welfare gains and small structural adjustments, could be a facilitating intermediate step towards global free trade. Some of the smaller FTAs, such as the ASEAN-China and ASEAN-Korea FTAs, would result in large structural adjustments for ASEAN countries. 2012-03-30T07:29:11Z 2012-03-30T07:29:11Z 2008 Journal Article International Journal of Applied Economics 15480003 http://hdl.handle.net/10986/4674 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article East Asia China Korea, Republic of
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240
spellingShingle	Economic Integration F150 International Linkages to Development Role of International Organizations O190 Development Planning and Policy: Trade Policy Factor Movement Foreign Exchange Policy O240 Lee, Hiro van der Mensbrugghe, Dominique Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
geographic_facet	East Asia China Korea, Republic of
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Although East Asian countries were relatively inactive in signing free trade agreements (FTAs) until the end of 1990s, a number of FTAs involving East Asian countries have been signed since the turn of the century. The objective of this study is to compare welfare gains and sectoral adjustments resulting from various FTA scenarios in East Asia using a dynamic global computable general equilibrium (CGE) model. The RCA rankings of commodities with various FTA scenarios and those with the global trade liberalization are correlated to examine how "natural" each grouping would be. The results suggest that the ASEAN+3 FTA, with relatively large welfare gains and small structural adjustments, could be a facilitating intermediate step towards global free trade. Some of the smaller FTAs, such as the ASEAN-China and ASEAN-Korea FTAs, would result in large structural adjustments for ASEAN countries.
format	Journal Article
author	Lee, Hiro van der Mensbrugghe, Dominique
author_facet	Lee, Hiro van der Mensbrugghe, Dominique
author_sort	Lee, Hiro
title	Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
title_short	Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
title_full	Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
title_fullStr	Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
title_full_unstemmed	Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia
title_sort	regional integration, sectoral adjustments and natural groupings in east asia
publishDate	2012
url	http://hdl.handle.net/10986/4674
_version_	1764392348691726336

Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia

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