Causes of Regionalism. How ASEAN-China FTA Fits the (New) Wave of Regionalism?

The New Regionalism and Policy Interdependence

Since 1990 the number of preferential trade agreements has increased rapidly. Our argument explains this phenomenon, known as the new regionalism, as a result of competition for market access. Exporters that face trade diversion because of their exclusion from a preferential trade agreement concluded by foreign countries push their governments into signing an agreement with the country in which...

The Political Economy of Regionalism

We examine the incentives of regions in a country to unite or to separate. We nd that smaller regions have greater incentives to unite, relative to larger regions. We show, however, that on the whole, majority voting on separation and union generates excessive incentives to separate. This leads us to examine the scope of alternative political institutions and rules in overcoming the potential i...

Regionalism in the Asia-Pacific Region: How Wide, How Deep?

The Asia Pacific region was characterized in the second half of the twentieth century by an absence of regional trading arrangements. The situations changed after 2000, raising questions of sequencing and of the boundaries of the region. This paper argues that the proliferation of regional and bilateral agreements has been driven by the rapid emergence of regional value chains and centres on tr...

Regionalism and Growth

An Analysis of Trade Potential between China and ASEAN within China-ASEAN FTA

This paper applies Export Similarity Index to examine China’s export potential to ASEAN market by comparing China with six main ASEAN member countries (ASEAN 6) and the other main trade partners of ASEAN. It shows that competition is severe on industrial level in ASEAN market, and the bilateral trade potential is uncertain. While accounting for the factors of size, distance and integration etc....