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- Title
East Asian Economic Integration and its Impact on Future Growth.
- Authors
Dee, Philippa
- Abstract
Two presumptions appear to underlie recent proposals for East Asian economic integration. The first is that economic integration is a good way to promote economic growth. The second is that preferential trade agreements (PTAs), particularly ones that go beyond goods trade, are an effective way to promote economic integration. Both these presumptions are empirical questions. In this paper, a partial evaluation of the evidence suggests caution. Even a broadranging PTA may do little to remove the important impediments to growth in the region. Far greater income gains would come from comprehensive reform of non-discriminatory impediments to competition, as part of a thorough-going programme of unilateral domestic regulatory reform. It may be time to rethink East Asian economic integration as a policy priority, or at least review the way in which it might be pursued.
- Subjects
INTERNATIONAL economic integration; ECONOMIC development; COMMERCIAL treaties; ECONOMIC policy; ECONOMIC indicators; LAW reform; INCOME; EAST Asian business enterprises; REGIONAL economics
- Publication
World Economy, 2007, Vol 30, Issue 3, p405
- ISSN
0378-5920
- Publication type
Article
- DOI
10.1111/j.1467-9701.2006.00826.x