THE VALUE CHAINS OF HIGH-TECHNOLOGY PRODUCTS AS FACTOR OF FORMATION OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP

This article analyzes the value chain of high-tech products in Asia and the role of this phenomenon in the further consolidation of trade blocs and alliances in the region. The presence of these chains and their gradual transition from a vertically integrated model to a system of horizontal linkages and interdependence leads to the formation of mechanisms of economic de-facto integration (so-called regionalization process). The East Asian region has demonstrated unprecedented high rates of economic growth in recent decades. The countries are actively developing mechanisms of multilateral cooperation, involving partners from across the Asia-Pacific region. Particular features of a new regional architecture of economic relations are becoming more tangible, and the essential element of this architecture is the intra-regional integration. The author presents an assessment of further developments of the Regional comprehensive economic partnership (RCEP) using the structural-functional approach and analytical instruments of the international political economy, The creation of this trade block will help less advanced countries of ASEAN to accelerate economic growth and improve the conditions for integration into global value chains. For advanced economies, participation in the RCEP seems controversial, because production chains have well-established formats within the framework of ASEAN +. The political standoff between Washington and Beijing has an impact on dynamics of regional integration. The split among the East Asian countries was galvanized by the Trans-Pacific Partnership Project (TTP), because TPP has objectives that are very similar to those of RCEP (trade liberalization and economic integration). The author concludes that the extension of this partnership in the ASEAN countries can seriously complicate the operation RVEP and enhance the impact of political factors on economic cooperation. In this case, the value of production and supply chains of high-tech products will decline, which may affect the economic cooperation in the region as a whole.

AN ANALYSIS OF THE TRENDS AND DETERMINANTS OF INTRA-INDUSTRY TRADE BETWEEN CHINA AND ASIA PACIFIC ECONOMIC COOPERATION MEMBER COUNTRIES

The Singapore Economic Review ◽

10.1142/s0217590819500486 ◽

2019 ◽

pp. 1-24 ◽

Cited By ~ 1

Author(s):

JACOB WOOD ◽

YILIN LI ◽

JIE WU

Keyword(s):

Economic Cooperation ◽

Asia Pacific ◽

Developed Country ◽

Asia Pacific Economic Cooperation ◽

Industry Trade ◽

Push Forward ◽

Economic Partnership ◽

Cooperation Partners ◽

Additional Support

This study examines the intra-industry trade relationship that China has with its 20 Asia Pacific Economic Cooperation partners during the 2000–2014 period. By providing both a developing and developed country focus this research examines both the trends and determinants of these trade relationships from inter-industry trade, vertical inter-industry trade, horizontal inter-industry trade, and inter-industry perspectives. This study found that China’s highest levels of inter-industry trade are with Japan, Korea, and Taiwan and that these relationships have been trending upwards from both horizontal inter-industry trade and vertical inter-industry trade perspectives since 2000. While our empirical assessment using country- and industry-specific variables showed that ta riff rates, market size, and factor endowments play an important role within the make-up of inter-industry trade. Finally, from a policy perspective, our study highlights the need for China to not only push forward with its Regional Comprehensive Economic Partnership trade negotiations, but also branch out by gaining additional support from other Asia Pacific Economic Cooperation partners so as to further enhance its role in the region.

THE IMPACT OF US POLICY ON ECONOMIC INTEGRATION IN THE ASIA PACIFIC ON THE THRESHOLD OF THE THIRD DECADE OF THE 21ST CENTURY

International Trade and Trade Policy ◽

10.21686/2410-7395-2020-2-71-87 ◽

2020 ◽

pp. 71-87

Author(s):

K. O. Chudinova

Keyword(s):

United States ◽

Regional Integration ◽

The United States ◽

Chinese Economy ◽

Asia Pacific ◽

Production Networks ◽

The Us ◽

Economic Partnership ◽

The Impact

The Trump administration’s economic policy has led to increased uncertainty, disruption to global value chains, decline in trade in the Asia-Pacific region. Amid the US withdrawal from the Trans-Pacific Partnership, revising NAFTA, imposing tariffs, decoupling from the Chinese economy, Japan, China and other economies in the Asia Pacific are trying to develop new mechanisms to increase stability in the region and protect their production networks. One way to improve the situation is to conclude intra-regional and inter-regional free trade agreements, the number of which is increasing. At present, there are two competing mega-FTA projects of China and Japan – the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The United States is with moderate success developing its own format of a free and open Indo-Pacific, which is partly a counterbalance to the RCEP. The US also concludes bilateral agreements, such as first phases of trade deals with Japan and China. However, winning the negotiating table, the United States can seriously lose in competitiveness, as regional integration develops further and often without the participation of America.

Trans - Pacific Economic Integration Processes

Economic Themes ◽

10.1515/ethemes-2016-0005 ◽

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 ◽

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).

Fashion Supply Chain Management in Asia: Concepts, Models, and Cases - Springer Series in Fashion Business ◽

Regional Comprehensive Economic Partnership (RCEP): Impact on the Integration of Textile and Apparel Supply Chain in the Asia-Pacific Region

10.1007/978-981-13-2294-5_2 ◽

2018 ◽

pp. 21-41

Author(s):

Sheng Lu

Keyword(s):

Supply Chain ◽

Asia Pacific ◽

Pacific Region ◽

Asia Pacific Region ◽

Textile And Apparel ◽

Economic Partnership ◽

Regional Comprehensive Economic Partnership (RCEP) & workers in Asia Pacific

International Union Rights ◽

10.14213/inteuniorigh.27.4.0006 ◽

2020 ◽

Vol 27 (4) ◽

pp. 6

Author(s):

Middlemas

Keyword(s):

Asia Pacific ◽

Economic Partnership ◽

Respon ASEAN Terhadap Mundurnya India Dari Kerja Sama Regional Comprehensive Economic Partnership (RCEP)

Jurnal Mandala : Jurnal Ilmu Hubungan Internasional ◽

10.33822/mjihi.v3i2.2298 ◽

2020 ◽

pp. 183-202

Author(s):

Raden Maisa Yudono ◽

Wiwiek Rukmi Dwi Astuti ◽

M. Chairil Akbar Setiawan

Keyword(s):

Comparative Advantage ◽

Economic Cooperation ◽

Point Of View ◽

Geographic Proximity ◽

Strategic Partner ◽

Business Interests ◽

Political Conditions ◽

Economic Partnership ◽

Static Point

Regional Comprehensive Economic Partnership (RCEP) is a cooperation framework formulated by ASEAN and 6 strategic partner countries and is the first proposal in ASEAN history to discuss comprehensive economic cooperation. RCEP is ASEAN's effort to strengthen its position as regional aktor in the Southeast Asian. RCEP negotiations underwent changes during India's decision to withdraw from the RCEP negotiations, which prompted ASEAN to respond to these developments. This study fokuses on response taken by ASEAN to India's decision to withdraw from the RCEP negotiations. The concept used is soft regionalism which emphasizes geographic proximity, historical relations and the comparative advantage of the region. Soft regionalism is driven by not only by economic and business interests, but also market interests that become the energy of soft regionalism in Asia. This concept is functioning well because it conforms to the pragmatic Asian political conditions. The findings of this study is that ASEAN cannot be separated from the concept of soft regionalism in which it has been running, and still sees all changes through static point of view. ASEAN needs to make new breakthroughs in realizing comprehensive cooperation in the region.

Regionalization of the world as the key to sustainable future

E3S Web of Conferences ◽

10.1051/e3sconf/202016613016 ◽

2020 ◽

Vol 166 ◽

pp. 13016 ◽

Cited By ~ 1

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 ◽

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.

Introduction

Asian Survey ◽

10.1525/as.2016.56.6.1005 ◽

2016 ◽

Vol 56 (6) ◽

pp. 1005-1016 ◽

Cited By ~ 1

Author(s):

Vinod K. Aggarwal

Keyword(s):

Asia Pacific ◽

Political Resistance ◽

Special Issue ◽

Geographical Regions ◽

Economic Partnership ◽

This special issue focuses on the rise of mega-FTAs—which involve efforts to liberalize trade across geographical regions with a multiplicity of countries—in the Asia-Pacific. We examine how the Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership in this region have faced political resistance as negotiators attempt to address behind-the-border issues.

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

Asian Economic Papers ◽

10.1162/asep_a_00218 ◽

2013 ◽

Vol 12 (2) ◽

pp. 144-164 ◽

Cited By ~ 23

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 ◽

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.

IS THE �ASEAN ECONOMIC COMMUNITY� UNDERSIEGE? The New Trajectory of the Asean Economic Community the two Mega- Regional Agreements; �RCEP� and �TPP�

Journal of Indonesian Social Sciences and Humanities ◽

10.14203/jissh.v7i1.73 ◽

2017 ◽

Vol 7 (1) ◽

pp. 29-42

Author(s):

Indra Kusumawardhana ◽

Jeremiah Daniel

Keyword(s):

Regional Integration ◽

Global Economy ◽

Global Capitalism ◽

Economic Community ◽

Great Achievement ◽

Regional Agreements ◽

Economic Partnership ◽

Asean Economic Community ◽

Use Dependency

The ASEAN Economic Community (AEC) was signed by the leading nations of Southeast Asia in Kuala Lumpur on 31, December 2015. This was a great achievement of regional integration, pointing members of the AEC towards a single market awakening. Despite this tremendous progress, the reality is that ASEAN members are now involved in two mega-regional agreements. One, which has the potential to protect ASEAN centrality, ASEAN+6 or the Regional Comprehensive Economic Partnership (RCEP); and the other, the US-ledTrans-Pacific-Partnership Agreement. This participation by ASEAN members with various economic partners outside ASEAN may result in dependency to global capitalism networks.Departing from the above mentioned context, the core question then arises: Has the global economic structure provide an opportune precondition for the implementation of the ASEAN Economic Community (AEC)? To tackle this question, this essay will use Dependency Theory to analyze the global economicstructures which encase the AECs regional economic integration agenda and to reveal the ASEAN members dependence on global capitalism. This essay explores both the attempts of the ASEAN framework to create a comprehensive economic community; and the consequences of ASEAN integration with two mega-regional agreements in the region. It is argued that the dependency of ASEAN members on the structure of the global economy proves that it does not provide a proper pre-conditioning for the AEC to be implemented. Moreover, it will be hegemonic factors that challenge the existence of the AEC.