Arbeitspapier
EU integration and its implications for Asian economies: What we know and what not
In this paper, we analyse effects of EU integration on Asian countries. Since the early 1990s, it is especially the trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent papers seem to indicate that the Rose effect seems to be significant especially for countries like the old EU members which are already highly integrated in terms of trade and factor mobility. The potential discrimination effect against trade with third countries tends to increase with new member states entering EMU and could also affect Asian economies' exports to Europe. At the same time, so-called overlap or similarity indices for trade patterns show an increasing similarity between EU, US, and Japanese exports to Asia on the one hand and Asian and European exports to industrialized countries on the other hand. These observations are consistent with recent policy responses, i.e., the focus of European contingent protection on Asian competitors, the desire of Asian countries to negotiate free trade agreements (FTA) with the US and Japan, and the EU's response by probably entering into FTA negotiations with Asian countries, including ASEAN.
- Language
-
Englisch
- Bibliographic citation
-
Series: Kiel Working Paper ; No. 1264
- Classification
-
Wirtschaft
Trade Policy; International Trade Organizations
Foreign Exchange
Economic Integration
Economywide Country Studies: Europe
Economywide Country Studies: Asia including Middle East
- Subject
-
Monetary Integration
Protection
FTA
Overlap Index
Europe
Asia
Trade
Europäische Integration
Europäische Wirtschafts- und Währungsunion
Außenhandelseffekt
Internationale Wirtschaftsbeziehungen
Protektionismus
Freihandelszone
EU-Staaten
Asien
- Event
-
Geistige Schöpfung
- (who)
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Langhammer, Rolf J.
Schweickert, Rainer
- Event
-
Veröffentlichung
- (who)
-
Kiel Institute for the World Economy (IfW)
- (where)
-
Kiel
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Langhammer, Rolf J.
- Schweickert, Rainer
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2006
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