ASEAN Economic Integration and Physical Connectivity

2016 ◽  
Vol 15 (2) ◽  
pp. 198-215 ◽  
Author(s):  
Siow Yue Chia
Keyword(s):  
Economic Integration ◽  
Investment Bank ◽  
Geographically Dispersed ◽  
Regulatory Frameworks ◽  
One Belt One Road ◽  
Physical Infrastructure ◽  
Economic Integration Agreements ◽  
Asean Economic Community ◽  
The One ◽  
Trade And Investment

Although the ASEAN Economic Community (AEC) was established at the end of 2015, some of the objectives remain for it to be fully realized, and many of the actions and measures in the AEC Blueprint have not been fully implemented and have to be carried forward to future years. Among these “works in progress” is transport and other physical infrastructure, which is necessary for the physical flows of goods and people. Analysis of free trade and economic integration agreements do not usually place emphasis on the importance of the physical delivery of the goods and people flows made possible by trade and investment liberalizations, particularly in geographically dispersed and diverse regions such as ASEAN. This paper examines the importance of physical connectivity to implement the AEC. It explores the various dimensions of land, maritime, and aviation connectivity with the complex agreements, national policies and regulatory frameworks and challenges of implementation and infrastructure financing, including the Chinese initiative of the One Belt-One Road and the Asian Infrastructure Investment Bank.

The TTIP and the SCO in the Light of the Success Conditions for Economic Integration

2015 ◽  
pp. 274-295
Author(s):  
Engin Sorhun
Keyword(s):  
Economic Integration ◽  
The Other ◽  
Small Contribution ◽  
Human History ◽  
Shanghai Cooperation Organization ◽  
Transatlantic Trade ◽  
The One ◽  
Economic Bloc ◽  
Political Economic ◽  
Trade And Investment

The last global economic crisis has prompted new dynamics in the scope of economic integration: On the one hand, the Transatlantic economy witnessed the formation of the largest economic integration in the human history: the Transatlantic Trade and Investment Partnership (TTIP). On the other hand, Shanghai Cooperation Organization (SCO) recently adopted the economic vision for initiating an economic integration. Since both integration projects were recently launched, this chapter is intended to make a small contribution to the limited scientific resources available to policymakers, academicians, NGOs, etc. In this respect, this chapter first presents a set of political, economic, institutional, and natural conditions suggested in the principal economic integration literature for the success of a regional economic bloc. Second, it aims at evaluating the TTIP and the SCO in the light of these success conditions.

scholarly journals Measuring the Benefits of the “One Belt, One Road” Initiative for Manufacturing Industries in China

2018 ◽  
Vol 10 (12) ◽  
pp. 4717 ◽  
Author(s):  
Jianing Hou ◽  
Shih-Chih Chen ◽  
De Xiao
Keyword(s):  
Economic Integration ◽  
Empirical Support ◽  
Manufacturing Industries ◽  
System Level ◽  
Production Networks ◽  
Global Production Networks ◽  
One Belt One Road ◽  
The World ◽  
The One ◽  
The Impact

China has shifted its focus from export-led growth to technology-driven growth. The “One Belt, One Road” initiative (OBOR) is aimed at promoting economic integration with the rest of the world that might boost China’s ability to upgrade its manufacturers. We evaluate the impact of the OBOR initiative on the manufacturing industries of China. In other words, we examine whether the greater openness entailed by the initiative has been a catalyst for upgrading China’s export portfolio. We demonstrate that the proposition has been such a catalyst formally and adduce some empirical support for the proposition by using a panel of the top 80 exporting countries in the world during the period from 2002–2017 to evaluate the impact of the economic integration brought by the OBOR in terms of upgrades to Chinese manufacturers. Meanwhile, when domestic R&D generates knowledge spillover, the benefits of greater openness become partly indeterminate, thus counterfactual analysis was adopted to preclude potential endogeneity. By relating the values of exports at the two-digit harmonized system level to data on sectors to conduct integration within global production networks, we find that the greater openness brought by the OBOR initiative has actively increased manufacturing complexity and facilitated industrial upgrading in China.

scholarly journals China’s Strategic Foreign Initiatives Under Xi Jinping

2016 ◽  
Vol 02 (01) ◽  
pp. 57-79 ◽  
Author(s):  
Aileen S. P. Baviera
Keyword(s):  
Southeast Asia ◽  
Domestic Politics ◽  
Major Power ◽  
Investment Bank ◽  
Maritime Silk Road ◽  
One Belt One Road ◽  
Global Power ◽  
New Type ◽  
Asian Context ◽  
The One

This article provides a summary of China’s new strategic foreign initiatives under Xi Jinping’s leadership. These initiatives include the “One Belt, One Road” proposal, the establishment of the Asian Infrastructure Investment Bank, and calls for a “New Asian Security Concept” as well as for “a new type of major power relations.” In a localized Southeast Asian context, they are operationalized, as projects under the so-called 21st Century Maritime Silk Road proposal, a “[Formula: see text] cooperation framework for China-Southeast Asia relations,” and the so-called “dual track” approach to the management of the South China Sea disputes. These initiatives are expected to provide a favorable external environment for the attainment of the “Chinese dream” and to pave the way for China to emerge into a position of global power and leadership. The article mainly focuses on what these initiatives may be signaling to China’s neighbors, and the subsequent implications for Southeast Asia and its relations with China. There are, for instance, some doubts as to whether China can be a reliable provider of security and stability as public goods in its own region if China itself is a key party in the territorial contentions and power rivalries that could be likely causes of conflict. The fact that China is still trying to defend primordial territorial and cultural-ideational interests, settle historical scores, and find an effective model for its domestic politics and governance that will serve its increasingly globalized economy, indicates that China may not be ready yet to make the sacrifices and compromises that will be required of regional — let alone global — leadership.

scholarly journals Non solo strade: l’imponente sistema di infrastrutture e comunicazioni intermodali finalizzate alla realizzazione della Nuova Via della Seta

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Flavio Lucchesi
Keyword(s):  
Economic Integration ◽  
National Economy ◽  
High Speed ◽  
Chinese Government ◽  
Cultural Relations ◽  
Financial Network ◽  
Telecommunications Networks ◽  
One Belt One Road ◽  
Oil Pipelines ◽  
The One

The One Belt One Road initiative is fundamental in the priority projects of the Chinese government, as it falls within the objectives of revitalization of the national economy through the increase in GDP and the creation of new international links. Consequently, in these years China is developing a great economic integration plan based also on a complex set of transport and logistics infrastructures. The construction of a complex of highways, high-speed railways, ports, airports, oil pipelines and telecommunications networks is in progress, aimed at increasing internal economic, financial and cultural relations and exchanges, as well as those between Beijing and many Asian, European, African states. It is therefore particularly interesting to try to grasp the role played by Italy in this ambitious project that – once completed – is destined to redesign the commercial and financial network on a world scale.

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