Economic Integration in Northeast Asia: Search for a Feasible Approach

Inkyo Cheong
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Inkyo Cheong: KEIP - Korea Institute for International Economic Policy

Trade Working Papers from East Asian Bureau of Economic Research

Abstract: According to simulation results, the formation of an FTA would substantially improve Koreas and Japans trade balances, while China would experience a sizeable increase in its trade deficit. This indicates that simple barriers (NTBs) within a short period of time is not a feasible approach for economic integration in Northeast Asia. Therefore in creating the Northeast Asian Free Trade Area, we need to implement a strategy that will gradually lead to regional economic integration in the region.

Keywords: economic integration; regional trade agreement; econoimc interdependence; Korea; China; Japan (search for similar items in EconPapers)
JEL-codes: F02 F13 F16 F17 (search for similar items in EconPapers)
Date: 1999-12
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