scholarly journals Markets Matter: The Potential of Intra-Regional Trade in ASEAN and Its Implications for Asian Regionalism

2017 ◽  
Vol 16 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Lurong Chen ◽  
Philippe De Lombaerde ◽  
Ludo Cuyvers
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Quantitative Assessment ◽  
Regional Trade ◽  
The World ◽  
Asian Regionalism ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

This paper attempts to shed new light on further deepening the economic integration process in Southeast Asia using a quantitative assessment of the potential for further developing intra-regional trade. It is evident that ASEAN's export space is expanding faster than the world average and that there is still room for ASEAN countries to further develop the role of their intra-regional trade. To improve its export potential, ASEAN should liberalize trade not only intra-regionally but also globally. It could be in ASEAN's interest to accelerate the pace of regional integration under frameworks that involve the participation of non-ASEAN countries, especially an ASEAN Framework for Regional Comprehensive Economic Partnership.

scholarly journals Regionalization of the world as the key to sustainable future

2020 ◽  
Vol 166 ◽  
pp. 13016 ◽  
Author(s):  
Svitlana Radziyevska ◽  
Ivan Us
Keyword(s):  
Regional Integration ◽  
Global Economy ◽  
Developed Economies ◽  
Eu Integration ◽  
Transatlantic Trade ◽  
Sustainable Future ◽  
The World ◽  
The Usa ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Globalization is viewed not only as the objective, but also as the subjective process, the current version of which requires adjustments since it is characterized by the increasing inequalities and instability, causing conflicts worldwide, pushing regional groups towards confrontations. Globalization is to be directed for achieving the equitable levels of development across the globe for which it is suggested to establish the situational governing board as the common platform for collaboration between the regional blocs for global economy regulation. The notions of the regional state and the global/planetary state are introduced. The interdependence between regionalization and globalization is thoroughly analysed, which results is the explanation of the logic behind the process of the multipolar world formation as opposed to the unipolar one. The main points are illustrated by the facts from the EU integration history, WTO practice, the calculated indicators of the major thirteen regional integration groupings covering Europe, Asia, North, South America, Africa, two transregional organizations Regional Comprehensive Economic Partnership, Transatlantic Trade and Investment Partnership, as well as the USA, Developed economies of Europe, China. The contribution to the study of regionalism as the boosting phenomenon shaping the development of the world allowed to conclude that regionalization is critical for the sustainable future of the world.

Comparing the Economic Impact of the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership

2013 ◽  
Vol 12 (2) ◽  
pp. 144-164 ◽  
Author(s):  
Inkyo Cheong ◽  
Jose Tongzon
Keyword(s):  
Economic Impact ◽  
Economic Integration ◽  
Computable General Equilibrium ◽  
Trade Agreement ◽  
The United States ◽  
Computable General Equilibrium Model ◽  
Asia Pacific ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper estimates the net economic impact of these initiatives by eliminating the overlapping portions of free trade agreement–related economic gains through the use of a dynamic computable general equilibrium model. The paper analyzes the economic and political feasibility of these two initiatives and assesses their economic impacts. Finally, the paper provides implications for economic integration in East Asia based on a quantitative assessment.

Towards sustainable integration: The role of government in facilitating ASEAN integration through education cooperation

2020 ◽  
pp. 223386592091444
Author(s):  
Dhiyathad Prateeppornnarong
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Member States ◽  
Role Of Government ◽  
Stepping Stone ◽  
Asean Countries ◽  
The Way

Economic integration is undoubtedly at the top of the agenda for the ASEAN Community. To pave the way for such integration, serious consideration should also be given to sociocultural aspects of the integration initiatives, especially education cooperation among member states, as such cooperation can act as a stepping stone to a heightened awareness of a regional integration and a growing sense of connectedness to the initiatives. The fact is, however, that ASEAN countries devote little attention to education cooperation compared with other aspects of cooperation. This paper critically examines the development of ASEAN integration by investigating the way in which ASEAN education cooperation arrangements are actualised for the benefit of regional integration. Through the examination, the paper discusses major theories of regional integration, using them to conceptualise ASEAN integration. It also discusses the concepts of government and governance vis-a-vis education, applying them to the ASEAN case.

scholarly journals Impact of Regional Comprehensive Economic Partnership (RCEP) on Households’ Income and Factors’ Returns in Pakistan: A Global CGE Approach

2017 ◽  
pp. 88-109
Author(s):  
Naseeb Zada Et al.,
Keyword(s):  
Regional Integration ◽  
Computable General Equilibrium ◽  
Developing Economies ◽  
Policy Instrument ◽  
Adverse Impact ◽  
Model Framework ◽  
The World ◽  
Economic Partnership ◽  
The Government ◽  
Regional Comprehensive Economic Partnership

As regional integration has proliferated in most parts of the world, so developing economies across the globe have made it a leading policy instrument to integrate their economies with the global markets and rest of the world through the instrument of trade liberalization. This has led to the establishment of various mega global integrations. Regional Comprehensive Economic Partnership (RCEP) is an example of these global integrations. Currently Pakistan is not part of RCEP, which is likely to be adversely affected due to the expected trade diversion. This paper investigates the possible adverse impact of RCEP on households’ income and real factors’ returns in Pakistan using the MyGTAP model in the global Computable General Equilibrium (CGE) model framework. The results of simulation intimate that the overall impact of RCEP on the economy of Pakistan (as outsider) is negative. There is an overall decrease in real income of all types of households and factors’ returns. Khyber Pakhtunkhwa and Baluchistan may reveal the largest decrease in households’ income. The possible decrease in income may be higher for urban households and non-farm rural households as compared to farmers and farm workers. Additionally, Pakistan is adversely impacted in terms decrease in real GDP, real exports, and imports and also decrease in most of the sectorial exports, sectorial imports and sectoral output. Keeping in view the research findings, this study suggests to the government to undertake remedial measures in advance to avoid the possible adverse impact of RCEP on the economy of Pakistan.

EURASIAN ECONOMIC UNION AS THE MOST PROMISING DIRECTION IN FOREIGN TRADE STRATEGY OF MONGOLIA IN REGIONAL INTEGRATION

2021 ◽  
pp. 110-118
Author(s):  
Dulguun Altanchulun ◽  
Keyword(s):  
Economic Development ◽  
Economic Integration ◽  
Regional Integration ◽  
Trade Theory ◽  
Regional Trade ◽  
Eurasian Economic Union ◽  
Level Of Economic Development ◽  
Economic Union ◽  
Economic Partnership ◽  
Partnership Agreement

Today, a regional economic integration is one of the main tendencies in global economic development. The world economic globalization is in the formative stage and most of the countries adhere to protectionism with regards to trade and economic co-operation. In those conditions, the countries opt for regional trade and economic integration. Mongolia is a country, which is not sufficiently enough participating in regional trade and economic integration. In 2016, Mongolia signed only one Economic Partnership Agreement with Japan. According to the trade theory, FTA is most useful to the countries, which have similar level of economic development. In that case, most favorable direction for Mongolia in regional trade and economic integration is the Eurasian Economic Union.

scholarly journals Trans - Pacific Economic Integration Processes

2016 ◽  
Vol 54 (1) ◽  
pp. 83-102
Author(s):  
Dejana Gajinov
Keyword(s):  
Free Trade ◽  
Economic Integration ◽  
Regional Integration ◽  
Free Trade Area ◽  
The United States ◽  
Asia Pacific ◽  
Economic Relations ◽  
Important Region ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

AbstractAsia-Pacific (AP) region is the world’s most important region today from the viewpoint of long-term economic growth. It is also the extremely important cite of rivalries or partnerships - or both - between China and the United States. The strong expansion of trade, investment and other economic ties within the AP region has stimulated the process of economic integration. The network of bilateral and regional free trade agreements has increased dramatically in recent years, linking virtually all major trading countries in the region, with one exception: either the US or China have not become members of the free trade arrangements involving the other country. The paper examines the scope, principles and characteristics of economic relations and cooperation in the AP region. The issue of whether Asian efforts for regional integration have been compatible with an open multilateral trading system at the global level is also addressed. The paper also assesses changes in the dynamics of regional integration and its future prospects. In this sense, in the Asia Pacific there are now two tracks which lead to the formation of a Free Trade Area of the Asia-Pacific (FTAAP): Asian, based on the Association of Southeast Asian Nations (ASEAN) and the Regional Comprehensive Economic Partnership (RCEP) and trans-pacific, based on Trans-Pacific Partnership (TPP).

scholarly journals INTEGRATION PROCESSES AND GLOBAL REGIONS

2018 ◽  
pp. 291-304 ◽  
Author(s):  
Olena Bulatova ◽  
Yurii Chentukov ◽  
Illia Chentukov
Keyword(s):  
Regional Integration ◽  
Market Integration ◽  
World Economy ◽  
Space Structure ◽  
Regional Competitiveness ◽  
Global Space ◽  
Development Level ◽  
The World ◽  
Development Processes

This article deals with changes of a spatial structure of the world economy, which has complex and heterogeneous hierarchy. It specifies that multipurposeness and complex structuring are becoming global signs of regionalization proc­esses and highlights the enhanced role of regional competitiveness within the context of global transformation. The emphasis is laid upon the objectiveness of the global regionalization process, which characterizes processes of the world economy development whilst global regions are becoming its main system ele­ments. This paper stresses that global regionalization development is reflected through a new global space structure. It suggests a methodic toolbox of compre­hensive assessment of regional integration development processes with due consideration of various aspects (trade, industrial and market integration), which provides for a comparative analysis of global regions' development or of certain integration associations according to the development level of integration proc­esses on the basis of suggested integrated index.

scholarly journals Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific

2021 ◽  
Author(s):  
Cyn-Young Park ◽  
Peter A. Petri ◽  
Michael G. Plummer
Keyword(s):  
Computable General Equilibrium ◽  
Computable General Equilibrium Model ◽  
Regional Trade ◽  
Economic Implications ◽  
The Pacific ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Factor Returns ◽  
Investment Patterns ◽  
Trade And Investment

The Regional Comprehensive Economic Partnership (RCEP) presents strong potential to mold regional trade and investment patterns well into the future and to influence the direction of global economic cooperation at a challenging time. This paper evaluates the RCEP’s impact on global and regional incomes, trade, economic structure, factor returns, and employment using a computable general equilibrium model. The results suggest that the RCEP agreement could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the RCEP will also strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.

scholarly journals The role of tourism in the economy. The formation of tourist flows to the ASEAN countries

2021 ◽  
Vol 42 (18) ◽  
pp. 66-77
Author(s):  
Sazhida S. SAFINA ◽  
◽  
Irina G. TETERKINA ◽  
Keyword(s):  
Asia Pacific ◽  
Tourist Flows ◽  
The World ◽  
World Tourism Organization ◽  
Asean Countries ◽  
Tourist Demand ◽  
Tourism Organization ◽  
Statistical Yearbook ◽  
The Impact

In the presented article on the base of statistical data from the World Tourism and Travel Council, the World Tourism Organization, the ASEAN Statistical Yearbook, and the official websites of national tourism organizations of the ASEAN countries the impact of tourism on the economy of the ASEAN countries is assessed. The region’s tourist demand and supply are analyzed. The factors of the formation of the main tourist flows from Asia-Pacific, European, American and Australia and Oceania macroregions are studied.

The Institutions of TPP11: Back to the Future?

2019 ◽  
pp. 523-536
Author(s):  
Robert Howse
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
World Trade ◽  
Divide And Conquer ◽  
Economic Interests ◽  
Business Interests ◽  
The World ◽  
The Face ◽  
Critical Account ◽  
Governance Institutions

This chapter canvasses the institutions of the Trans-Pacific Partnership (TPP)—left entirely unchanged in TPP11—to assess their cumulative potential to contribute to ties of solidarity among regulatory elites and consequently foster (mega)regional integration. The promise of treaty institutions as conduits of sanguine economic integration, the narrative championed by TPP’s architects, is contrasted with a more critical account in which plurilateral institutions are seen to serve as mechanisms to advance particular economic interests in the face of opposition in the almost-universal trade governance institutions such as the World Trade Organization (WTO). This “divide and conquer” strategy, so the argument goes, dominates in TPP’s institutions, which remain generally weak and unconnected to existing frameworks in Asia and beyond. But they also vary significantly between stronger mechanisms primarily for business interests and almost entirely aspirational efforts in more social areas such as environment, labor, and development.

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