✦ LIBER ✦

The sequential issue in free trade areas: Policy implication for Korea

✍ Scribed by Jong Eun Lee

Publisher: John Wiley and Sons
Year: 2004
Tongue: English
Weight: 153 KB
Volume: 9
Category: Article
ISSN: 1076-9307
DOI: 10.1002/ijfe.239

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✦ Synopsis

Abstract

This paper addresses the sequential issue of countries entering into a Free Trade Area. Korea, China, Japan and the United States are the objects of investigation. Different sequences are ranked in terms of the present value of Korea's GDP using a computable general equilibrium model, and the sequence Korea–China–US–Japan was the best. Each sequence is evaluated from the perspective of globalization, which allows us to foresee both momentum and inertia of trade liberalization. The study will provide a deeper understanding of regionalism and globalization in the context of the regionalism versus multilateralism debate. Copyright © 2004 John Wiley & Sons, Ltd.

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