Growth and Trade Horizons for Asia: Long-term Forecasts for Regional Integration
David Roland-Holst (),
Jean-Pierre Verbiest and
Additional contact information
Jean-Pierre Verbiest: Asian Development Bank
Asian Development Review, 2005, vol. 22-2, issue 2, 76-107
With the emergence of People’s Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have changed. Using a new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting patterns of regional specialization and their consequences for growth and structural change in the Asian economies. The central role of trade is examined through analysis of a variety of hypothetical global and regional trade agreements. Our results indicate that trade within the Asian region is far from reaching its potential, and policies that facilitate integration and more efficient regional trade can accelerate growth, especially for lower-income Asia. A deeper and more inclusive Asian free trade area can achieve for its members large benefits. As an emerging growth bridge between the PRC and India, economies of the Association of Southeast Asian Nations have the most to gain from Asian economic integration.
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Working Paper: Growth and Trade Horizons for Asia: Long Term Forecasts for Regional Integration (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ris:adbadr:2223
Access Statistics for this article
Asian Development Review is currently edited by Shang-Jin Wei
More articles in Asian Development Review from Asian Development Bank Contact information at EDIRC.
Bibliographic data for series maintained by Maria Susan M. Torres ().