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Regional integration is gathering momentum in Asia. This study
examines the diverse experience of regional integration of South
and East Asian economies during the last two decades and offers
lessons for latecomers. The global economic crisis is expected to
merely dampen rather than halt the pace of Asian integration.
Global recovery will give renewed impetus to Asian integration.
East and South Asia include the world's largest and most dynamic
open economies alongside several least developed countries. Using a
set of country cases based on a similar framework, the study
addresses an important policy question: how can each country's
integration with its neighbors and more distant regional economies
be improved? Of the eight country studies, five are from South Asia
(India, Pakistan, Bangladesh, Nepal, and Sri Lanka) and three are
from East Asia (the People's Republic of China, Thailand, and
Singapore). The country cases--which differ by per capita income,
country size and location--provide fascinating insights on the
relationship between regional economic performance and strategies
for regional integration at the country level.
Regional integration is gathering momentum in Asia. This study
examines the diverse experience of regional integration of South
and East Asian economies during the last two decades and offers
lessons for latecomers. The global economic crisis is expected to
merely dampen rather than halt the pace of Asian integration.
Global recovery will give renewed impetus to Asian integration.
East and South Asia include the world's largest and most dynamic
open economies alongside several least developed countries. Using a
set of country cases based on a similar framework, the study
addresses an important policy question: how can each country's
integration with its neighbors and more distant regional economies
be improved? Of the eight country studies, five are from South Asia
(India, Pakistan, Bangladesh, Nepal, and Sri Lanka) and three are
from East Asia (the People's Republic of China, Thailand, and
Singapore). The country cases--which differ by per capita income,
country size and location--provide fascinating insights on the
relationship between regional economic performance and strategies
for regional integration at the country level.
One feature of globalization is that barriers to international
competition have come to be associated with differences in
regulatory policies that increase the costs of engaging in
cross-border sales. Such non-tariff measures (NTMs) have attracted
growing attention from policy makers and raise important questions
for policy research. This book provides a valuable overview of key
issues related to NTMs and domestic regulation. It covers the
classification and definition of NTMs, new sources of data on NTMs,
the impacts of (different types of) NTMs, the challenges that
confront efforts to reduce the negative trade effects of NTMs and
what can and should be done through international cooperation to
promote good practices in the design and implementation of NTMs.
The contributors comprise a mix of leading trade policy experts -
both academics and practitioners - and younger researchers who have
specialized in the analysis of NTMs.
This volume honors the extraordinary career of Thomas Hertel. It
also celebrates the 25th anniversary of the founding of the Global
Trade Analysis Project (GTAP) by Prof. Hertel. All of those
contributing to this volume, including Prof. Hertel's students and
colleagues, have benefitted in some ways from the selfless
professional generosity and dedication to scientific public goods
that have been hallmarks of his career.The book examines the
history of the GTAP project, the scientific contributions of Prof.
Hertel, and the general application of computational modeling to
global economic policy analysis. The applications in the volume,
reflecting the broad contributions made by the GTAP community to
global policy analysis, range from the impact of globalization on
employment to the sustainability impacts of economic integration.
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