Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia
The objective of this article is to examine the characteristic features of contemporary policy-led regionalism in Asia. It identifies the positive and negative features associated with the free trade agreements that have proliferated in Asia during the first decade of the 21st century. There has bee...
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| Format: | Article |
| Language: | English |
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Korea Institute for International Economic Policy
2012-06-01
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| Series: | East Asian Economic Review |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.2012.16.2.245 |
| _version_ | 1830162975985500160 |
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| author | Dilip K. Das |
| author_facet | Dilip K. Das |
| author_sort | Dilip K. Das |
| collection | DOAJ |
| description | The objective of this article is to examine the characteristic features of contemporary policy-led regionalism in Asia. It identifies the positive and negative features associated with the free trade agreements that have proliferated in Asia during the first decade of the 21st century. There has been a marked transformation in Asia's regional architecture in a short span of a decade-and-a-half. The mode and conduct of multilateral trade has been signifThe objective of this article is to examine the characteristic features of contemporary policy-led regionalism in Asia. It identifies the positive and negative features associated with the free trade agreements that have proliferated in Asia during the first decade of the 21st century. There has been a marked transformation in Asia's regional architecture in a short span of a decade-and-a-half. The mode and conduct of multilateral trade has been significantly transformed during recent years and Asia could not possibly remain immune to this transformation. The importance of regionalism in multilateral trade has increased steadily. In addition, the trade-investment-services nexus has developed and grown increasingly important. As business firms now manufacture parts of their products across the border, bilateral trade agreements (BTAs), regional trade agreements (RTAs) and free trade agreements (FTAs) of the contemporary period need to take into account the new kind of trade barriers that have been created due to the changing mode of trade. The contemporary regional agreements need to be designed to facilitate the new modes of conducting business and trade. It was understood rather late in Asia that the 'WTO-Plus' FTAs are more functional and result-oriented than their predecessors. |
| first_indexed | 2024-12-17T15:29:40Z |
| format | Article |
| id | doaj.art-8d166a6ccc4648ac9f33aff1b8d2c87e |
| institution | Directory Open Access Journal |
| issn | 2508-1640 2508-1667 |
| language | English |
| last_indexed | 2024-12-17T15:29:40Z |
| publishDate | 2012-06-01 |
| publisher | Korea Institute for International Economic Policy |
| record_format | Article |
| series | East Asian Economic Review |
| spelling | doaj.art-8d166a6ccc4648ac9f33aff1b8d2c87e2022-12-21T21:43:11ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672012-06-01162117137http://dx.doi.org/10.11644/KIEP.JEAI.2012.16.2.245Idiosyncratic Features of the Contemporary Regional Economic Architecture in AsiaDilip K. Das 0Solbridge International School of Business, Woosong UniversityThe objective of this article is to examine the characteristic features of contemporary policy-led regionalism in Asia. It identifies the positive and negative features associated with the free trade agreements that have proliferated in Asia during the first decade of the 21st century. There has been a marked transformation in Asia's regional architecture in a short span of a decade-and-a-half. The mode and conduct of multilateral trade has been signifThe objective of this article is to examine the characteristic features of contemporary policy-led regionalism in Asia. It identifies the positive and negative features associated with the free trade agreements that have proliferated in Asia during the first decade of the 21st century. There has been a marked transformation in Asia's regional architecture in a short span of a decade-and-a-half. The mode and conduct of multilateral trade has been significantly transformed during recent years and Asia could not possibly remain immune to this transformation. The importance of regionalism in multilateral trade has increased steadily. In addition, the trade-investment-services nexus has developed and grown increasingly important. As business firms now manufacture parts of their products across the border, bilateral trade agreements (BTAs), regional trade agreements (RTAs) and free trade agreements (FTAs) of the contemporary period need to take into account the new kind of trade barriers that have been created due to the changing mode of trade. The contemporary regional agreements need to be designed to facilitate the new modes of conducting business and trade. It was understood rather late in Asia that the 'WTO-Plus' FTAs are more functional and result-oriented than their predecessors.http://dx.doi.org/10.11644/KIEP.JEAI.2012.16.2.245RegionalizationUnder-utilizationWeaknessesWTO-Plus FTA |
| spellingShingle | Dilip K. Das Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia East Asian Economic Review Regionalization Under-utilization Weaknesses WTO-Plus FTA |
| title | Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia |
| title_full | Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia |
| title_fullStr | Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia |
| title_full_unstemmed | Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia |
| title_short | Idiosyncratic Features of the Contemporary Regional Economic Architecture in Asia |
| title_sort | idiosyncratic features of the contemporary regional economic architecture in asia |
| topic | Regionalization Under-utilization Weaknesses WTO-Plus FTA |
| url | http://dx.doi.org/10.11644/KIEP.JEAI.2012.16.2.245 |
| work_keys_str_mv | AT dilipkdas idiosyncraticfeaturesofthecontemporaryregionaleconomicarchitectureinasia |