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Regional Integration in Asia: The Role of Infrastructure

In: Pan-Asian Integration

Author

Listed:
  • Joseph Francois
  • Miriam Manchin
  • Annette Pelkmans-Balaoing

Abstract

The rapid growth of intra-Asian trade, especially in the last couple of decades, represents both a marked shift in export orientation and an increasing integration of regional markets. In 2005, half of total Asian exports were destined for regional consumption, and a further rise can only be expected given the high growth rates of intraregional trade, peaking at 25% in 2004 (World Trade Organization [WTO] 2006). Against such a backdrop, the surge of regionalism in Asia today comes as no surprise. Nowhere in the world is the proliferation of regional integration arrangements (RIAs) more evident than in Asia today. As of September 2006, the individual East and South Asian countries considered in this study were involved in 301 free trade negotiations or signed agreements. While political and security motives are also influential, the economic imperative to further feed the market’s appetite for more regional trade is clearly driving policy agents along the track toward free trade agreements (FTAs).

Suggested Citation

  • Joseph Francois & Miriam Manchin & Annette Pelkmans-Balaoing, 2009. "Regional Integration in Asia: The Role of Infrastructure," Palgrave Macmillan Books, in: Joseph Francois & Pradumna B. Rana & Ganeshan Wignaraja (ed.), Pan-Asian Integration, chapter 7, pages 439-485, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23697-4_7
    DOI: 10.1057/9780230236974_7
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    Citations

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    Cited by:

    1. Joseph Francois & Bernard Hoekman, 2010. "Services Trade and Policy," Journal of Economic Literature, American Economic Association, vol. 48(3), pages 642-692, September.
    2. Prabir De, 2010. "Governance, Institutions, and Regional Infrastructure in Asia," Working Papers id:3029, eSocialSciences.
    3. Zhenhua Chen & Xinmeng Li, 2021. "Economic impact of transportation infrastructure investment under the Belt and Road Initiative," Asia Europe Journal, Springer, vol. 19(1), pages 131-159, December.
    4. Andries Brandsma & D'Artis Kancs, 2015. "RHOMOLO: A Dynamic General Equilibrium Modelling Approach to the Evaluation of the European Union's R&D Policies," Regional Studies, Taylor & Francis Journals, vol. 49(8), pages 1340-1359, August.
    5. Damijan, Jože & Kostevc, Črt & Marek, Philipp & Rojec, Matija, 2015. "Do Manufacturing Firms Benefit from Services FDI? – Evidence from Six New EU Member States," IWH Discussion Papers 5/2015, Halle Institute for Economic Research (IWH).
    6. Fan Zhai, 2010. "The Benefits of Regional Infrastructure Investment in Asia : A Quantitative Exploration," Microeconomics Working Papers 22803, East Asian Bureau of Economic Research.
    7. Prabir De, 2010. "Governance, Institutions, and Regional Infrastructure in Asia," Governance Working Papers 22878, East Asian Bureau of Economic Research.
    8. Biswa N Bhattacharyay, 2009. "Restoring the Asian Silk Route: Toward an Integrated Asia," Working Papers id:2165, eSocialSciences.
    9. Har Sandeep Kaur, 2016. "Services Exports and SAARC Countries: A Comparative Analysis of Growth, Performance and Competitive Advantage," Millennial Asia, , vol. 7(1), pages 20-41, April.
    10. Olga Ivanova & d'Artis Kancs & Dirk Stelder, 2009. "Modelling Inter-Regional Trade Flows: Data and Methodological Issues in Rhomolo," EERI Research Paper Series EERI RP 2009/31, Economics and Econometrics Research Institute (EERI), Brussels.
    11. Li, Xinmeng & Wang, Kailai & Chen, Zhenhua, 2021. "Regional Economic Impacts of Trans-Caspian Infrastructure Improvement: Implications for the Post-COVID-19 Era," ADBI Working Papers 1274, Asian Development Bank Institute.
    12. Zhai, Fan, 2018. "China’s belt and road initiative: A preliminary quantitative assessment," Journal of Asian Economics, Elsevier, vol. 55(C), pages 84-92.
    13. Prabir De, 2009. "Global economic and financial crisis: India’s trade potential and future prospects," Working Papers 6409, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    14. Azhgaliyeva, Dina & Kalyuzhnova, Yelena (ed.), 2021. "Unlocking Transport Connectivity in the Trans-Caspian Corridor," ADBI Books, Asian Development Bank Institute, number 22, Décembre.

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