IDEAS home Printed from https://ideas.repec.org/a/sae/intare/v18y2015i2p109-137.html
   My bibliography  Save this article

Intra-regional trade of ASEAN+3: Trends and issues for the economic integration of East Asia

Author

Listed:
  • Hee-Ryang Ra

Abstract

This paper examined the structures and characteristics of ASEAN+3 intra-regional trade through an analysis of intra-regional trade share, the intra-regional trade intensity index, and the regional trade introversion index in terms of primary goods, intermediate goods, and final goods. We could see that the economic integration of ASEAN+3 would be enlarged and deepened through the progress and advancement of intra-regional trade. However, we found that although the volume and share of intra-regional trade has been growing, this may not indicate or guarantee the inherent advancement of the economic integration of the region. In particular, since the global financial economic crisis in 2008–2009 the introversion of the EU and NAFTA has grown, while that of ASEAN+3 has reduced. In this respect, it would be vital to make and practice innovative plans to develop intra-regional trade so that the foundation of the FTA among ASEAN+3 countries could be the catalyst for substantial development of intra-regional trade. Furthermore, in order for intra-regional trade to continue to develop, a more comprehensive and higher level of intra-regional economic integration is required. This can be realized through regulation, specific plans, and practical effort. Finally, to maximize the effect of intra-regional trade liberalization this needs to go beyond the boundary of intermediate goods and expand into final goods, especially consumption goods.

Suggested Citation

  • Hee-Ryang Ra, 2015. "Intra-regional trade of ASEAN+3: Trends and issues for the economic integration of East Asia," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 18(2), pages 109-137, June.
    • Handle: RePEc:sae:intare:v:18:y:2015:i:2:p:109-137
    DOI: 10.1177/2233865915581431
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2233865915581431
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2233865915581431?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
    ---><---

    References listed on IDEAS

    as
    1. Hill, Hal & Menon, Jayant, 2010. "ASEAN Economic Integration: Features, Fulfillments, Failures and the Future," Working Papers on Regional Economic Integration 69, Asian Development Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Siwage Dharma Negara & Dionisius A. Narjoko & Kazunobu Hayakawa, 2024. "Impacts of Tariff Rates on Input Source Choice: Evidence from Indonesia," The Developing Economies, Institute of Developing Economies, vol. 62(1), pages 28-44, March.
    2. Budy P Resosudarmo & Acram Latiph & Saran Sarntisart & Isra Sarntisart, 2016. "Development in Southeast Asia's lagging regions," Departmental Working Papers 2016-08, The Australian National University, Arndt-Corden Department of Economics.
    3. Iulia Monica Oehler-Şincai, 2014. "The Roles Played By China And Japan In The Asian Integration Process," Romanian Economic Business Review, Romanian-American University, vol. 9(3), pages 131-148, September.
    4. Angkeara Bong & Gamini Premaratne, 2018. "Regional Integration and Economic Growth in Southeast Asia," Global Business Review, International Management Institute, vol. 19(6), pages 1403-1415, December.
    5. Rifai Afin, 2023. "Interlinka Terlinkage Of M Ge Of Macroeconomic Uncer Croeconomic Uncertainty And Macroeconomic Performance: Evidence From Asean-5 Countries Panel Var," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 26(1), pages 39-68, March.
    6. Andrista, Safira & Widodo, Tri, 2017. "Welfare Impact of ASEAN Economic Integration: “ASEAN Way” Versus Theory," MPRA Paper 80880, University Library of Munich, Germany.
    7. Dupont, Cédric, 2011. "What role for regional economic organizations in a fragmented trade world? The case of ASEAN," Papers 242, World Trade Institute.
    8. Pariwat Kanithasen & Vacharakoon Jivakanont & Charnon Boonnuch, 2011. "AEC 2015: Ambitions, Expectations and Challenges ASEAN's Path towards Greater Economic and Financial Integration," Working Papers 2011-03, Monetary Policy Group, Bank of Thailand.
    9. Ekaterina Y. ARAPOVA, 2017. "Ex-Post Analysis Of The Influence Of Tariff Liberalisation On Asean Exports," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2), pages 135-154.
    10. Edwin Bernard F. Lisaba & Neil Stephen A. Lopez, 2021. "Spatiotemporal Comparison of Drivers to CO 2 Emissions in ASEAN: A Decomposition Study," Sustainability, MDPI, vol. 13(11), pages 1-21, May.
    11. Zaenal Mutaqin & Masaru Ichihashi, 2013. "Widening and Deepening Economic Integration Impact on Bilateral Trade in the Eurozone and ASEAN," IDEC DP2 Series 3-3, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
    12. Elms, Deborah, 2020. "Impact of the ASEAN Economic Community and implications for Latin America," Documentos de Proyectos 46513, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Lee, Cassey & Fukunaga, Yoshifumi, 2014. "ASEAN regional cooperation on competition policy," Journal of Asian Economics, Elsevier, vol. 35(C), pages 77-91.
    14. Muneer Shaik & S. Maheswaran, 2017. "Market Efficiency of ASEAN Stock Markets," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 7(2), pages 109-122, February.
    15. Florian A. Alburo, 2015. "Gearing the Philippines for ASEAN Economic Community," UP School of Economics Discussion Papers 201510, University of the Philippines School of Economics.

    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:sae:intare:v:18:y:2015:i:2:p:109-137. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: http://www.hufs.ac.kr/user/hufsenglish/re_1.jsp .

    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.