Regional Integration and the Asia Pacific
Bijit Bora(Author)
OUP Australia and New Zealand (Publisher)
Published on 25. March 1996
Book
Hardback
260 pages
978-0-19-553635-5 (ISBN)
Description
This text distinguishes between two processes of economic integration. One is the tendency for economies to be linked, naturally, by trade and investment, especially with economies nearby, and the other is the increasing interest in the use of co-ordinated policy initiatives to promote integration. The focus is on the latter process and the question of whether regional integration on international economic issues can contribute to the growth of its component economies. The book is divided into three parts. The first part deals with general issues such as the scope and development of reciprocal regional trade agreements (RTAs) and the conditions by which they can complement the multilateral trading system. The section also looks at the impact of these agreements on federalist structures. The second part of the book looks at four sectoral issues, two of which are currently covered in RTAs, foreign direct investment and financial services, and two new issues that to date have remained outside the normal rules of the trading system, international air transport and the environment. The third section examines the Asia-Pacific's formal and informal RTAs in separate chapters.
The North American Free Trade Agreement, the Australia-New Zealand Closer Economic Relations Agreement, the Asian Free Trade Agreement, the Asia Pacific Economic Cooperation group, and sub-regional economic zones are each considered. This analysis is supported by estimates of the welfare effects of unilateral versus preferential removal of trade restrictions.
The North American Free Trade Agreement, the Australia-New Zealand Closer Economic Relations Agreement, the Asian Free Trade Agreement, the Asia Pacific Economic Cooperation group, and sub-regional economic zones are each considered. This analysis is supported by estimates of the welfare effects of unilateral versus preferential removal of trade restrictions.
More details
Language
English
Place of publication
Melbourne
Australia
Publishing group
Oxford University Press Australia
Target group
College/higher education
Illustrations
bibliography
ISBN-13
978-0-19-553635-5 (9780195536355)
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Schweitzer Classification
Persons
Content
Part I - regional agreements; introduction and overview; the threat to the system and Asian reactions; the changing nature of regional trading arrangements; which regional trade agreements?; regional integration and federal relations. Part II - sectoral issues; foreign direct investment; financial services; the role of regional trading arrangements in regulatory reform - the international air transport industry; environmental issues. Part III - the Asia-Pacific region; alternatives to regionalism - Uruguay and APEC; the North American Free Trade Agreement; Australian-New Zealand Closer Economic Relations Agreement; the ASEAN free trade area; sub-regional economic zones; APEC - an open economic association in the Asia Pacific region.