New regional trading arrangements in the Asia Pacific? / Robert Scollay, John P. Gilbert.

Format:

Book

Author/Creator:

Scollay, Robert.

Contributor:

Gilbert, John, 1971-

Language:

English

Subjects (All):

Trade blocs--Asia.

Trade blocs.

Trade blocs--Pacific Area.

Pacific Area.

Asia.

Physical Description:

xiii, 169 pages : illustrations ; 23 cm

Place of Publication:

Washington, DC : Institute for International Economics, 2001.

Contents:

1 The New Trend in Asia-Pacific Regional Trade Initiatives 1

"Building Blocks" versus "Stumbling Blocks" Once Again 10

Trade Facilitation, Services Trade, and the "Stumbling Block" Issue 16

2 New Developments and Current Trade Patterns 19

Transpacific Cross-Regional Free Trade Arrangement Proposals 21

SRTA Proposals in the Western Pacific 30

Trade Flows in a Possible East Asian Trade Bloc 52

Can an East Asian Trade Bloc Happen? 54

APEC and Regional Trade Flows 57

3 Exploring the Economic Effects of Alternative Regional Trade Configurations 59

A Note on CGE Modeling 61

Interpretation of Results 63

New Bilateral and Plurilateral SRTAs 113

Potential Steps to Establish an East Asian Trade Bloc 118

APEC Liberalization 126

Bloc Formation in the Asia-Pacific and Global Contexts 133

4 Conclusions: Choices, Risks, and Consequences 145

New Bilateral and Plurilateral SRTA Proposals 145

Advantages of Larger Groupings 147

The Enduring Economic Logic of APEC 147

The Alternative Logic of an East Asian (or Western Pacific) Trade Bloc 149

Economic Versus Political Logic: The Risks 150

Global Liberalization Remains First Best 150

Some Potential Implications of a Tripolar World Trading System 151

Issues for the United States 152

The Need for Leadership and the Role of APEC 153

Appendix A Further Details of the Simulation Procedure 155

Table 2.1a Shares in trade of APEC Western Hemisphere economies 22

Table 2.1b Value of Western Hemisphere trade flows 24

Table 2.1c Simple concentration ratios for APEC Western Hemisphere economics' trade in the Asia-Pacific region 26

Table 2.2a Shares in trade of Northeast Asian economies 31

Table 2.2b Value of trade flows of Northeast Asian economies 33

Table 2.2c Simple concentration ratios for Northeast Asian economies' trade in the Asia-Pacific region 35

Table 2.3a Shares in trade of Southeast Asian economies 37

Table 2.3b Value of trade flows of Southeast Asian economies 39

Table 2.3c Simple concentration ratios for Southeast Asian economies' trade in the Asia-Pacific region 41

Table 2.4a Shares in trade of CER economies 44

Table 2.4b Value of trade flows of CER economies 45

Table 2.4c Simple concentration ratios for CER economies' trade in the Asia-Pacific region 46

Table 2.5a Gross national products of individual APEC economies 49

Table 2.5b Gross national products of selected economic groupings 50

Table 3.1 Regional and commodity aggregations 63

Table 3.2a Changes in welfare, NAFTA-related transpacific bilaterals and plurilaterals 65

Table 3.2b Changes in welfare, Chile-related transpacific bilaterals and plurilaterals 66

Table 3.2c Changes in welfare, Western Pacific bilaterals and plurilaterals 67

Table 3.2d Changes on welfare, East Asian and Western Pacific configurations 68

Table 3.2e Changes in welfare, APEC, global liberalization, and East Asian bloc formation 70

Table 3.2f Changes in welfare, FTAA, APEC, global liberalization, and East Asian bloc formation 72

Table 3.3a Changes in exports, NAFTA-related transpacific bilaterals and plurilaterals 74

Table 3.3b Changes in exports, Chile-related transpacific bilaterals and plurilaterals 76

Table 3.3c Changes in exports, Western Pacific bilaterals and plurilaterals 77

Table 3.3d Changes in exports, East Asian and Western Pacific configurations 78

Table 3.3e Changes in exports, APEC, global liberalization, and East Asian bloc formation 80

Table 3.3f Changes in exports, FTAA, APEC, global liberalization, and East Asian bloc formation 82

Table 3.4a Changes in imports, NAFTA-related transpacific bilaterals and plurilaterals 84

Table 3.4b Changes in imports, Chile-related transpacific bilaterals and plurilaterals 86

Table 3.4c Changes in imports, Western Pacific bilaterals and plurilaterals 87

Table 3.4d Changes in imports, East Asian and Western Pacific configurations 88

Table 3.4e Changes in imports, APEC, global liberalization, and East Asian bloc formation 90

Table 3.4f Changes in imports, FTAA, APEC, global liberalization, and East Asian bloc formation 92

Table 3.5a Change in factor incomes, NAFTA-related transpacific bilaterals and plurilaterals 94

Table 3.5b Change in factor incomes, Chile-related transpacific bilaterals and plurilaterals 98

Table 3.5c Change in factor incomes, Western Pacific bilaterals and plurilaterals 100

Table 3.5d Change in factor incomes, East Asian and Western Pacific configurations 102

Table 3.5e Change in factor incomes, APEC and FTAA variations 106

Figure 3.1 Effect of Asia-Pacific bloc formations on US welfare 140

Figure 3.2 Effect of Asia-Pacific bloc formations on EU welfare 141

Figure 3.3 Effect of Asia-Pacific bloc formations on Japan's welfare 142

Figure 3.4 Effect of Asia-Pacific bloc formations on China's welfare 143.

Notes:

Includes bibliographical references (pages 159-160) and index.

ISBN:

0881323020

OCLC:

45207860