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Does regionalism lead to more global trade integration in East Asia?

Lee, Jung-Wha (Jenny); Shin, Kwanho

Description

Since early 1999, global trade liberalization has been sidelined as regional trade agreements (RTA) have become the preferred choice in East Asia. Does this shift suggest that global trade and welfare levels will be raised? In contrast to unilateral trade liberalization, RTAs may well cause both 'trade creation' and 'trade diversion,' so that their net effect on global trade and welfare becomes ambiguous. It is conjectured that RTAs among "natural trading partners" are more likely to be...[Show more]

CollectionsANU Research Publications
Date published: 2006
Type: Journal article
URI: http://hdl.handle.net/1885/27267
Source: North American Journal of Economics and Finance
DOI: 10.1016/j.najef.2006.06.007

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