Asean Economic Integration : Trade, Foreign Direct Investment, and Finance.
Title:
Asean Economic Integration : Trade, Foreign Direct Investment, and Finance.
Author:
Plummer, Michael G.
ISBN:
9789814289184
Personal Author:
Physical Description:
1 online resource (354 pages)
Series:
Advanced Research on Asian Economy and Economies of Other Continents ; v.6
Advanced Research on Asian Economy and Economies of Other Continents
Contents:
Contents -- Dedication -- Foreword -- 1. Introduction and Overview -- 1. Introduction -- 2. A Survey of the Business Environment in ASEAN -- 2.1. Macroeconomic Environment -- 2.2. Internalizing Policy Externalities: Learning from the Asian Crisis -- 2.3. Microeconomic Environment -- 3. Summary of Chapters -- References -- Part I: Trends in ASEAN Economic Cooperation -- 2. ASEAN Economic Integration in a Global Context: Trade, Investment, and Policy Issues -- 1. Introduction -- 2. Structural Change, Microeconomic Policy, and Rising Interdependence -- 2.1. Liberalization, Growth and the Forces Behind Regional Integration -- 2.2. Structural Change -- 2.3. Fragmentation, the Search for New Production Niches, and the Significance of China -- 3. Policy Analysis of Post-Crisis Developments in the Real Sector -- 3.1. Microeconomic Policy Indicators -- 3.2. Commercial Policy Reform -- 4. Regional Economic Cooperation in Asia: Making Regionalism Support Regional Integration -- 4.1. Factors Influencing the Regionalism Movement in Asia -- 4.2. Brief Review of Regionalism in East Asia -- 4.3. The Economics of Regionalism in Asia -- 4.4. Regional Strategies: WTO, Regional, Subregional, Bilateral -- 5. Looking to the Future -- References -- 3. Aligning ASEAN Commercial Policies in the AEC -- 1. Introduction -- 2. ASEAN Commercial Policy in a Global Context -- 2.1. ASEAN and the Doha Development Agenda -- 3. ASEAN Economic Integration -- 3.1. The General Case for Regionalism -- 3.2. Brief Review of ASEAN Economic Integration Initiatives -- 4. ASEAN FTAs with Third Countries -- 4.1. Review of Existing Accords -- 4.2. Economic E.ects of Third-Country FTAs on ASEAN: A Brief Survey -- 4.3. The China Question -- 4.4. On the "Spaghetti Bowl" E.ect and Best Practices -- 5. Aligning ASEAN External Tari.s -- 5.1. Why an AEC? -- 5.2. An ASEAN Customs Union?.
5.2.1. FTAs and CUs Compared: Economic and Non-Economic Issues -- 5.2.2. Design of an ASEAN Customs Union -- 5.3. Institutional Considerations -- References -- 4. ASEAN Investment Cooperation -- 1. Introduction -- 2. Trends in Foreign Direct Investment in ASEAN -- 2.1. FDI In.ows in ASEAN Member Countries -- 2.2. Sectoral Distribution of FDI -- 2.3. Trends in the CLMV -- 3. Determinants of FDI in ASEAN -- 3.1. Brief Review of Variables A.ecting Inward FDI -- 3.2. Trade and Investment Links -- 3.3. Trade and FDI: Shifts from Horizontal to Vertical Operations due to AFTA -- 3.4. A Gravity Model Approach to the Determinants of FDI Out.ows -- 3.5. The "China Threat" Hypothesis -- 4. Issues of Competitiveness and Complementarity -- 4.1. Competitiveness in Terms of Trade -- 4.2. Competitiveness in Terms of Foreign Direct Investment In.ows -- 4.3. Concluding Remarks -- 5. Review of the AIA -- 6. Agreements Outside ASEAN Framework: Bilateral Investment Treaties -- 7. Has the AIA Met its Goals? -- Appendix -- References -- 5. Bond Market Development and Integration in ASEAN -- 1. Introduction -- 2. Bond-Market Potential in ASEAN: Supply, Demand and Institutional Considerations -- 3. ASEAN Financial Cooperation and the Bond Market -- 4. The ASEAN Bond Markets: A Brief Overview -- 5. Interest-Rate Analysis and Comparison: Some Evidence in Favor of an ASEAN Bond Market -- 6. Lessons from the Developed Markets: Key Components of Bond Market Development -- 6.1. Sequencing -- 6.2. Supervision and Regulation -- 6.3. Market Infrastructure -- 6.4. Market Deepening -- 7. Promoting Liquidity in a Regional Market: Credit-Rating Agencies and the Currency Question -- 7.1. Credit-Rating Agencies -- 7.2. ASEAN Bond Market and the Currency Question -- 8. Concluding Remarks -- References -- 6. ASEAN Stock Markets: Trends in Convergence -- 1. Introduction -- 2. Background.
2.1. Public Policies on ASEAN Stock Markets -- 2.2. Academic Literature -- 3. Empirical Examination -- 3.1. Data -- 3.2. Short-run Correlations -- 3.3. Unit Root Tests -- 3.4. Lag Length Tests -- 3.5. Co-integration Results -- 4. Conclusion -- References -- Part II: Relations with Dialogue Partners -- 7. Integration Strategies for ASEAN: Alone, Together, or Together with Neighbors? -- 1. Introduction -- 2. ASEAN Trade Integration in the Asian Regional Context -- 3. Financial and Monetary Cooperation -- 3.1. Exchange-rate Management -- 3.2. Financial/Monetary Integration -- 4. Do Macroeconomic and Policy Trends in Asia Support Monetary Union? -- 4.1. The Economics of Monetary Union: Is Asia an Optimum Currency Area? -- 4.2. Macroeconomic Policy Diversity in East Asia: Would Maastricht Criteria Be Possible? -- 4.3. Towards an Asian Maastricht -- 5. Concluding Remarks -- References -- 8. The ASEAN Economic Community and the European Experience -- 1. Introduction -- 2. Determinants of Trade in the EU-ASEAN Context -- 3. Evolution of ASEAN Economic Integration in a Regional Context -- 4. Lessons from the EU -- 5. On Building the ASEAN Economic Community -- 6. Concluding Remarks -- References -- 9. ASEAN and the United States: The Economics of the Enterprise for ASEAN Initiative -- 1. Introduction -- 2. Analysis of Commodity Overlap in the Context of the EAI -- 3. Empirical Estimates of the E.ects of US-ASEAN FTAs under the EAI -- 3.1. Gravity Model -- 3.2. Aggregate E.ects: CGE Models -- 3.3. Product by Product Trade Expansion: A Disaggregated Approach -- 3.4. Results -- 4. Concluding Remarks -- References -- Index.
Abstract:
Given the rapid emergence of regional economic arrangements in Asia, especially in Southeast Asia, it is useful to understand clearly what regionalism implies for the region, as well as to take stock as to the far-reaching and complicated effects of formal economic cooperation and integration. This book allows the reader to better understand the relevant international policies of the Southeast Asian economies, and to appreciate the potential lessons for other developing regions. It also focuses on the regionalism trend with an explicit application to ASEAN, as well as the implications of regionalism in the developed countries. The goal of this book is to survey the economics and political economy of regionalism in the ASEAN context from a variety of perspectives and using various techniques, from standard economic analysis of preferential trading arrangements to the political economy analysis of institutions. Its approach is comprehensive in that it includes ASEAN economic integration in the areas of trade, foreign direct investment, and finance. Presentation of the material is designed to be accessible to non-technical audiences without sacrificing the rigor expected by economists and other experts. Sample Chapter(s). Foreword (34 KB). Chapter 1: Introduction and Overview (255 KB). Contents: Introduction and Overview; Trends in ASEAN Economic Cooperation: ASEAN Economic Integration in a Global Context: Trade, Investment, and Policy Issues; Aligning ASEAN Commercial Policies in the AEC; ASEAN Investment Cooperation; Bond Market Development and Integration in ASEAN; ASEAN Stock Markets: Trends in Convergence; Relations with Dialogue Partners: Integration Strategies for ASEAN: Alone, Together, or Together with Neighbors?; The ASEAN Economic Community and the European Experience; ASEAN and the United States: The Economics of the Enterprise for ASEAN
Initiative. Readership: Academics, economists, policy makers and private sectors interested in Asian cooperation issues.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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