Arbeitspapier
Growth and trade horizons for Asia: Long term forecasts for regional integration
Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting patterns of regional specialization and their consequences for growth and structural change in the Asian economies. The central role of trade is examined through analysis of a variety of hypothetical global and regional trade agreements. Our results indicate that trade within the Asian region is far from reaching its potential, and policies that facilitate integration and more efficient regional trade can accelerate growth, especially for lower-income Asia. A deeper and more inclusive Asian free trade area can achieve for its members large benefits. As an emerging growth bridge between the PRC and India, ASEAN economies have the most to gain from Asian economic integration.
- ISBN
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978-92-9230-162-0
- Language
-
Englisch
- Bibliographic citation
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Series: WIDER Research Paper ; No. 2008/106
- Classification
-
Wirtschaft
International Economic Order and Integration
Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Asia including Middle East
Economywide Country Studies: Asia including Middle East
- Subject
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globalization
integration
Asia
Außenwirtschaft
Wirtschaftswachstum
Wirtschaftsintegration
Prognose
Asien
- Event
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Geistige Schöpfung
- (who)
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Roland-Holst, David
Verbiest, Jean-Pierre
Zhai, Fan
- Event
-
Veröffentlichung
- (who)
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The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (where)
-
Helsinki
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:44 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
- Roland-Holst, David
- Verbiest, Jean-Pierre
- Zhai, Fan
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Time of origin
- 2008
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