Economics, Econometrics and Finance
8 years ago

East Asia's Economic Success Sparks Concerns of Global Trade Blocs Formation

Studies in contemporary economics
Deep Integration, Shallow Regionalism, and Strategic Openness: Three Notes on Economic Integration in East Asia
Harald Sander

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East Asia has seen significant economic growth and exports, with a mix of market forces and government policies playing key roles in different countries. Recently, there has been a focus on regional integration in East Asia due to concerns about the world trade system splitting into major trading blocs. This interest was sparked by the stalling of the Uruguay Round of the GATT and the rise of regional blocs like NAFTA and the European common market.