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An Examination of the Formation of Natural Trading Blocs in East Asia

Author

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  • Chang-Soo Lee

    (Korea Institute for International Economic Policy, P.O. Box 235, Yomgok-dong, Seocho-gu, Seoul 137-747, South Korea)

  • Soon-Chan Park

    (Division of Economics and Commerce, Kongju National University, Shinkwan-dong 182, Kongju 314-701, South Korea)

Abstract

This paper seeks to identify the appropriate form of a regional trading agreement in East Asia by estimating the intra-regional trade bias of various informal regional groups. The major conclusion is that ASEAN+3 would be the natural policy choice for the formation of a regional trading agreement in East Asia. Moreover, ASEAN+3 will not diverge from the principles of open regionalism and multilateralism, when we consider its inherently open character and the positive influence of the United States and Japan.Journal: Asian Economic Papers

Suggested Citation

  • Chang-Soo Lee & Soon-Chan Park, 2005. "An Examination of the Formation of Natural Trading Blocs in East Asia," Asian Economic Papers, MIT Press, vol. 4(1), pages 90-103, Winter.
    • Handle: RePEc:tpr:asiaec:v:4:y:2005:i:1:p:90-103
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    File URL: http://www.mitpressjournals.org/doi/abs/10.1162/asep.2005.4.1.90
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    Cited by:

    1. Aleid Brouwer & Tristan Kohl, 2011. "Development of trade blocs in an era of globalization: Proximity still matters," ERSA conference papers ersa11p122, European Regional Science Association.
    2. Tristan Kohl & Aleid E Brouwer, 2014. "The Development of Trade Blocs in an Era of Globalisation," Environment and Planning A, , vol. 46(7), pages 1535-1553, July.

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