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Pan-Asian Integration: Economic Implications of Integration Scenarios

In: Pan-Asian Integration

Author

Listed:
  • Joseph Francois
  • Ganeshan Wignaraja

Abstract

An alphabet soup of regional trade agreements has proliferated in recent years. Such agreements include the North American Free Trade Agreement (NAFTA), the European Free Trade Association (EFTA), the European Union (EU), the Southern Common Market (MERCOSUR), Association of Southeast Asian Nations (ASEAN), and the South Asian Free Trade Agreement (SAFTA). Some of these regional initiatives have been very successful in integrating markets for goods and services, while others have gone through cycles of periodic collapse and revival. The most successful regional initiatives have been in North America and Europe. Success has been more limited in Asia. There is interest, though, in pursuing deeper regional integration across Asia. This includes subregional initiatives in East and South Asia, both through deepening of existing agreements and the creation of new ones.1

Suggested Citation

  • Joseph Francois & Ganeshan Wignaraja, 2009. "Pan-Asian Integration: Economic Implications of Integration Scenarios," Palgrave Macmillan Books, in: Joseph Francois & Pradumna B. Rana & Ganeshan Wignaraja (ed.), Pan-Asian Integration, chapter 8, pages 487-536, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-23697-4_8
    DOI: 10.1057/9780230236974_8
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    Cited by:

    1. Ganeshan Wignaraja, 2014. "Will South Asia Benefit from Pan-Asian Integration?," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 15(2), pages 175-197, September.
    2. Wignaraja, Ganeshan, 2014. "Assessing the Experience of South Asia–East Asia Integration and India’s Role," ADBI Working Papers 465, Asian Development Bank Institute.

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