Impact of Globalization on International Trade between ASEAN-5 and China: Opportunities and Challenges

Liu Yunhua () and Robin Hang Luo
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Liu Yunhua: Assistant Professor of Economics, Nanyang Technological University, Singapore

Global Economy Journal, 2004, vol. 4, issue 1, 20

Abstract: This paper evaluates the impact of China's WTO entry and the establishment of a free-trade agreement between China and ASEAN on the ASEAN-5 (Indonesia, Malaysia, Philippines, Singapore and Thailand). We examine the trade competition between the two regions using a market-share model and assess the impact of China's WTO entry on the ASEAN-5 with an exchange rate-tariff model, based on two-digit SITC data. It is found that for the period 1987 to 2000 the competition in trade only occurred between China and Singapore in manufacturing goods, while the competition between China and other four nations was in primary goods. The trade-widening opportunity between the two regions appears much larger than the competitive challenges for ASEAN-5 after the WTO entry of China and the establishment of FTA between ASEAN and China, impacts on different industries are evaluated.

Keywords: ASEAN; China; Globalization; Trade; WTO (search for similar items in EconPapers)
Date: 2004
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DOI: 10.2202/1524-5861.1005

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