IDEAS home Printed from https://ideas.repec.org/a/bla/worlde/v25y2002i9p1279-1296.html
   My bibliography  Save this article

New Bilateralism in the Asia–Pacific

Author

Listed:
  • Peter Lloyd

Abstract

This paper reviews recent changes in the geographic pattern of regional trading agreements (RTAs), focusing on examples from the Asia–Pacific area. The general pattern is one of new bilateral agreements combined with a trend towards continentalism. The new trend towards bilateralism can be explained largely by a fear of countries being excluded from their major markets as other countries secure preferential and superior access to these markets. This pattern is creating many intersections between RTAs with consequential multi–tiered preferences and multiple systems of trade rules. Viewed dynamically, however, this pattern may have positive effects on world trade. It mitigates the effects of large continental RTAs and may lead to coalescence or enlargement of RTAs. The paper reviews models which ask the important question as to whether this process will progress all the way to free trade for the world economy.

Suggested Citation

  • Peter Lloyd, 2002. "New Bilateralism in the Asia–Pacific," The World Economy, Wiley Blackwell, vol. 25(9), pages 1279-1296, September.
    • Handle: RePEc:bla:worlde:v:25:y:2002:i:9:p:1279-1296
    DOI: 10.1111/1467-9701.00492
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9701.00492
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9701.00492?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jong‐Wha Lee & Innwon Park, 2005. "Free Trade Areas in East Asia: Discriminatory or Non‐discriminatory?," The World Economy, Wiley Blackwell, vol. 28(1), pages 21-48, January.
    2. Innwon Park, 2009. "Regional Trade Agreements in East Asia: Will They Be Sustainable?," Asian Economic Journal, East Asian Economic Association, vol. 23(2), pages 169-194, June.
    3. Hyun-Hoon Lee & Peter J. Lloyd & Chung-Mo Koo, 2002. "New Regionalism in East Asia and its Relationship with the WTO and APEC," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 5(2), pages 87-103, September.
    4. Richard Baldwin, 2008. "Big-Think Regionalism: A Critical Survey," NBER Working Papers 14056, National Bureau of Economic Research, Inc.
    5. Ronald J. Wonnacott, 2011. "Preferential Liberalisation in a Hub-and-Spoke Configuration versus a Free Trade Area," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume I, chapter 6, Edward Elgar Publishing.
    6. Kawai, Masahiro, 2005. "East Asian economic regionalism: progress and challenges," Journal of Asian Economics, Elsevier, vol. 16(1), pages 29-55, February.
    7. Innwon Park, 2006. "East Asian Regional Trade Agreements: Do They Promote Global Free Trade?," Pacific Economic Review, Wiley Blackwell, vol. 11(4), pages 547-568, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:worlde:v:25:y:2002:i:9:p:1279-1296. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0378-5920 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.