Arbeitspapier
Managing the Noodle Bowl: The Fragility of East Asian Regionalism
The paper argues that East Asian regionalism is fragile because (i) each nation's industrial competitiveness depends on the smooth functioning of "Factory Asia" - in particular for intraregional trade; (ii) the unilateral tariff-cutting that created Factory Asia is not subject to WTO discipline (bindings); (iii) there is no "top-level management"; to substitute for WTO discipline, to ensure that bilateral trade tensions - tensions that are inevitable in East Asia - do not spill over into region-wide problems due to lack of cooperation and communication. This paper argues that the window of opportunity for East Asian vision was missed; what East Asia needs now is management, not vision. East Asia should launch a "New East Asian Regional Management Effort" with a reinforced ASEAN+3 leading the way. The first priority should be to bind the region's unilateral tariff cuts into the WTO.
- Sprache
-
Englisch
- Erschienen in
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Series: ADB Working Paper Series on Regional Economic Integration ; No. 7
- Klassifikation
-
Wirtschaft
Economic Integration
- Thema
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Asian integration
free trade agreement
best practices
Asian development
- Ereignis
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Geistige Schöpfung
- (wer)
-
Baldwin, Richard E.
- Ereignis
-
Veröffentlichung
- (wer)
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Asian Development Bank (ADB)
- (wo)
-
Manila
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Baldwin, Richard E.
- Asian Development Bank (ADB)
Entstanden
- 2007