Assessing the Impact of ASEAN Economic Integration on Labour Markets
In: ILO Asia-Pacific Working Paper, Forthcoming
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In: ILO Asia-Pacific Working Paper, Forthcoming
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Working paper
In: Tang, Guoqiang and Peter A. Petri, eds. New Directions in Asia-Pacific Economic Integration. Honolulu: East-West Center. 2014.
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Working paper
In: Forthcoming in Bergsten, C. F., Hufbauer, G. C., and Miner, S. Bridging the Pacific: Toward Free Trade Between China and the United States, Peterson Institute for International Economics
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In: The Singapore Economic Review (SER), 2010
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In: Singapore Economic Review, Forthcoming
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In: ASIAN REGIONALISM AND HE WORLD ECONOMY: ENGINE FOR DYNAMISM AND STABILITY, Masahiro Kawai, Jong Wha Lee and Peter A. Petri, eds., Edward Elgar, 2009
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We develop indicators to measure the degree of economic integration and cooperation among East Asian economies and compare these with similar measures for other regions. Our indicators cover regional integration in trade, investment, financial assets, and people-to-people exchange. We also analyze measures of regional cooperation such as the density of free trade agreements and official policy dialogues. We find that in various Asian groupings, and especially in a group of 16 integrating Asian economies, interdependence in trade, direct investment, financial flows, and other forms of economic and social exchange has increased significantly over time, and now approaches that in the European Union. Nonetheless, Asia's official cooperation remains weak and formal regional institutions remain relatively underdeveloped. To provide insight into the causes of this discrepancy, we also develop quantitative measures of political and cultural similarity of nations, and find that Asian countries have relatively low levels of political and cultural proximity compared to regions such as Europe. The diversity of political interests and cultural values may have hindered more intense cooperation among Asian economies in the past. But if regional economic and social interactions continue to grow, requirements for joint decision-making are also likely to expand, leading to stronger frameworks of official cooperation.
BASE
In: Pacific affairs: an international review of Asia and the Pacific, Band 67, Heft 1, S. 130
ISSN: 1715-3379
In: East Asian Economic Review Vol. 25 No. 3 (September 2021) 233-272, https://dx.doi.org/10.11644/KIEP.EAER.2021.25.3.397
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In: The Economic Journal, Band 102, Heft 414, S. 1261
In: Edward Elgar E-Book Archive
The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the rapid transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play a more constructive role in the global economy. Asia is becoming not just the world's factory, but also its leading creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia's growth and productivity, financial stability, and regional economic integration. In each of these areas, the contributing authors evaluate current trends and the forces shaping the future. They consider whether the region's progress is sustainable and what it will take to make it so. How is Asia reshaping its economy in response to the changing global landscape? More urgently, how can Asia weather the severe financial and economic storm originating from the global credit crisis? How will it extend its gains to people left behind? And how can it contribute to better governance and greater prosperity in the world economy? This book covers new ground by connecting theory, assembling detailed evidence on trends and challenges, and offering forward-looking policy prescriptions.
World Affairs Online
In: Peterson Institute for International Economics Working Paper No. 17-10
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Working paper
In: Pacific Trade and Development Conference series 8
In: Development in practice
In: A World Bank publication
World Affairs Online