Economics, Econometrics and Finance
4 years ago

Global trade agreements creating complex web of incompatible agreements in Asia-Pacific.

Journal of Southeast Asian Economies
Challenges to the Global Trading System: Adjustment to Globalization in the Asia-Pacific Region
Jayarethanam Pillai

Paper Summary

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The book "Challenges to the Global Trading System" discusses how countries in the Asia-Pacific region are adjusting to globalization. It highlights critiques of free trade and the spread of Free Trade Agreements (FTAs) in Asia. The authors found that developing countries benefit more from FTAs, while developed countries see more trade diversion. This can lead to a complex web of agreements that may hinder integration.