IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkwp/869.html
   My bibliography  Save this paper

Regional integration APEC style: Are there lessons to learn from regional integration EU style?

Author

Listed:
  • Langhammer, Rolf J.

Abstract

The paper discusses similarities and differences between past EU binding internal liberalization „across the board“ in the industrial sector and present so-called voluntary sectoral liberalization of member states of the Asia-Pacific Economic Cooperation (APEC). While both approaches are second-best compared to unconcerted unilateral liberalization, the major disadvantage of liberalization APEC style in the industrial sector consists in introducing distortions between sectors as well as between member states due to rising disparities in timing liberalization within Asia Pacific. Such disparities raise problems of time consistency of liberalization under the so-called Bogor target of achieving free trade within APEC in 2010 (2020 for less advanced member states). Reliance on „peer pressure“ as the only mechanism to commit member states to liberalization is seen as a weak driving force to make APEC’s concerted unilateralism a stepping stone for the successor round of the Uruguay Round. The paper proposes a number of measures successfully applied in the EU to give APEC’s liberalization more „teeth“ to the benefit of multilateral liberalization.

Suggested Citation

  • Langhammer, Rolf J., 1998. "Regional integration APEC style: Are there lessons to learn from regional integration EU style?," Kiel Working Papers 869, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:869
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/1025/1/kap869.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. Vito Tanzi, 1998. "The Demise of the Nation State?," IMF Working Papers 1998/120, International Monetary Fund.
    2. Rolf Langhammer, 1995. "Regional integration in East Asia. From market-driven regionalisation to institutionalised regionalism?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 131(1), pages 167-201, March.
    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. Choe, Jong-Il, 2001. "An impact of economic integration through trade: on business cycles for 10 East Asian countries," Journal of Asian Economics, Elsevier, vol. 12(4), pages 569-586.
    2. Gundlach, Erich & Klodt, Henning & Langhammer, Rolf J. & Soltwedel, Rüdiger, 1995. "Fairneß im Standortwettbewerb? Auf dem Weg zur internationalen Ordnungspolitik," Kiel Discussion Papers 254, Kiel Institute for the World Economy (IfW Kiel).
    3. Pavel Breinek, 2005. "Procesy globalizace ve světové ekonomice [Processes of globalization in the world economy]," Politická ekonomie, Prague University of Economics and Business, vol. 2005(6), pages 826-841.
    4. Osman M. Osman & Essam E.H. Montasser, 2003. "GCC and The Arab Economy: Growth, Reform and Regionalization," Working Papers 0329, Economic Research Forum, revised 10 Feb 2003.
    5. Khaled Guesmi, 2011. "What Drives the Regional Integration of Emerging Stock Markets?," Economics Bulletin, AccessEcon, vol. 31(3), pages 2603-2619.
    6. Zlatko Had�idedic, 2021. "No Capitalism Without Nationalism," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 24, pages 60-77, July.
    7. Kaikati, Jack G., 1999. "The Euro versus the U.S. dollar: an overview," Journal of World Business, Elsevier, vol. 34(2), pages 171-192, July.
    8. Amit Bhaduri, 2000. "Nationalism and Economic Policy in the Era of Globalization," WIDER Working Paper Series wp-2000-188, World Institute for Development Economic Research (UNU-WIDER).
    9. Ayuso-Díaz, Alejandro, 2022. "Natural trading partners versus empires in East and Southeast Asia regional integration (1840-1938)," Journal of the Japanese and International Economies, Elsevier, vol. 63(C).
    10. Michael I. Magcamit & Alexander C. Tan, 2016. "East and South China Seas Maritime Dispute Resolution and Escalation: Two Sides of the Same Coin?," Journal of Asian Security and International Affairs, , vol. 3(2), pages 113-134, August.
    11. Agarwal, Jamuna Prasad & Langhammer, Rolf J. & Lücke, Matthias & Nunnenkamp, Peter, 1995. "Export expansion and diversification in Central and Eastern Europe: what can be learnt from East and Southeast Asia?," Kiel Discussion Papers 261, Kiel Institute for the World Economy (IfW Kiel).
    12. Gundlach, Erich & Nunnenkamp, Peter, 1996. "Falling behind or catching up? Developing countries in the era of globalization," Kiel Discussion Papers 263, Kiel Institute for the World Economy (IfW Kiel).

    More about this item

    Keywords

    trade liberalization; open regionalism; multilateral trade negotiations; regional integration;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    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:zbw:ifwkwp:869. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.html .

    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.