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Towards an Asian Economic Community - Vision of a New Asia
Towards an Asian Economic Community - Vision of a New Asia

Towards an Asian Economic Community - Vision of a New Asia

by Nagesh Kumar

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Product ID:16396

Language

English

Publisher

RIS

ISBN

8171220940 - Year: 2004 - Pages: 203

Binding

Paperback

Nagesh Kumar
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Author: Nagesh Kumar
Eminent Contributors/
Editor(s): Nagesh Kumar
Publisher: RIS
Year: 2004
Language: English
Pages: 203
ISBN/UPC (if available): 8171220940

Description

The 1990s have witnessed a strong trend in different parts of the world especially the developed countries to form regional trading blocs, such as EU and NAFTA. The formation of these trade blocs has led to substantial diversion of trade and investment away from the rest of the world economy affecting the growth process in other regions that are not part of these blocs.

The Asian countries on the other hand have faithfully pursued multilateralism in their trade and investment policy except for few subregional attempts such as the ASEAN Free Trade Area (AFTA) or the South Asia Free Trade Agreement (SAFTA). However, there is now a growing recognition in Asia of the importance of regional economic integration for generating growth impulses from within, especially in the wake of the East Asian Crisis.

Against that backdrop, this book makes a case for an Asian Economic Community that would be broader in coverage than the current programs for economic cooperation in the region. It argues that the community is evolving in a phased manner with Japan, ASEAN, China, India and Korea (JACIK) providing the initial core group that can be expanded to cover other parts of Asia subsequently, as in Europe. The analysis presented in the book shows that regional economic integration could act as a new engine of growth and generate hundreds of billions of additional output and assist Asia regain its place in the world economy that it had until the eighteenth century.

The book also examines the emerging patterns of regional integration in JACIK region and presents an analysis of the potential and prospects of cooperation in the areas of trade, money and finance, technology and investments.

This book will be useful to Asian policy-makers and scholars looking for a vision in making the 21 century an Asian century.

Contents

FOREWORD
Arjun K Sengupta

PREFACE

LIST OF TABLES AND FIGURES

ABBREVIATIONS

CONTRIBUTORS TO THIS VOLUME

A vision of an Asian Economic Community
NAGESH KUMAR

Towards an Asian Economic Community: Exploring the Past
VINEETA SHANKER

PART I: EMERGING PATTERNS OF ECONOMIC INTEGRATION IN ASIA

ASEAN's contribution to the building of an Asian Economic Community
K KESAVAPANY AND RAHUL SEN

East Asian FTA: a building bloc of an Asian Economic Community
SUTHIPHAND CHIRATHIVAT

A road to common prosperity: relevance of an FTA between India and China
LI WEI

India and the Asian Economic Community/
Mukul G Asher and Sadhana Srivastava

PART II: PROSPECTS AND AREAS OF PAN-ASIAN ECONOMIC INTEGRATION

Implications of economic cooperation among JACIK Countries: ACGE modeling approach
S K MOHANTY, SANJIB POHIT AND SAIKAT SINHA ROY

Complementarities and potentials of intra-regional transfers of investments, technology and skills in Asia
SAIKAT SINHA ROY

Prospects for financial and monetary cooperation in Asia
YUNJONG WANG

Reserve Bank of Asia: an institutional framework for regional and monetary cooperation in Asia
RAMGOPAL AGARWALA

TABLES AND FIGURES

FIGURES

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