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Pan-Asian Integration: Economic Implications of Integration Scenarios

  • Joseph Francois
  • Ganeshan Wignaraja
Chapter

Abstract

An alphabet soup of regional trade agreements has proliferated in recent years. Such agreements include the North American Free Trade Agreement (NAFTA), the European Free Trade Association (EFTA), the European Union (EU), the Southern Common Market (MERCOSUR), Association of Southeast Asian Nations (ASEAN), and the South Asian Free Trade Agreement (SAFTA). Some of these regional initiatives have been very successful in integrating markets for goods and services, while others have gone through cycles of periodic collapse and revival. The most successful regional initiatives have been in North America and Europe. Success has been more limited in Asia. There is interest, though, in pursuing deeper regional integration across Asia. This includes subregional initiatives in East and South Asia, both through deepening of existing agreements and the creation of new ones.1

Keywords

European Union Gross Domestic Product North American Free Trade Agreement Computable General Equilibrium Model South Asian Country 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Asian Development Bank 2009

Authors and Affiliations

  • Joseph Francois
  • Ganeshan Wignaraja

There are no affiliations available

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