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The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
The Asia-Pacific Economic Cooperation (APEC) grouping is the first comprehensive economic arrangement to link countries from around the Pacific Rim. Since its establishment in 1989, APEC has graduated from a ministerial-level gathering of nine countries to an institution that stages annual summits, has a permanent secretariat, and whose twenty-one members have committed themselves to establishing free trade in the region. A decade after its foundation, however, members have been increasingly frustrated with the grouping's progress. In this timely book, John Ravenhill examines the reasons for APEC's establishment, its evolution, and the causes of its failures. His conclusions address central questions in international relations about international collaboration and regionalism. The book will interest all those concerned with broader questions about regional economic and political cooperation.
Political and academic interest in economic relations among APEC economies and in the APEC process has been gaining momentum. The November 1993 Seattle meetings of APEC ministers and leaders marked a turning point for the APEC forum.APEC: Challenges and Opportunities is the result of the First APEC Roundtable held in June 1994 to analyze the issues involved and explore the future direction of APEC. Two papers provide the background for the analysis of APEC economic relations and the co-operation agenda, one examining security issues in the region and the other, the economic dynamism of East Asia. The next set of papers trace the evolution of the concept of Asia-Pacific economic co-operation, examine the APEC process and structure as well as differences in American and Asia approaches, and explore the likely institutional structure and appropriate agenda for APEC. Also looked into are the trends and patterns of trade and investment interdependence among the APEC countries, the various options for regional trade and investment facilitation, and the cse for an APEC free trade area and an APEC investment code. The two final papers examine subsets of the APEC relationships, namely, the complementary and competitive elements between ASEAN and APEC and between ASEAN and NAFTA.
Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development