Title: An Inquiry into the Causes of the Proliferation of New Bilateralism in Asia-Pacific Region
Abstract: The proliferation and evolution of bilateral trade agreements is the new stage of contemporary regional economic cooperation in Asia-Pacific region and its significance and influence have been attracting much more attention.This paper analyses the origins of bilateralism in this region based on the political economy framework.The reason why the bilateralism proliferated in Asia-Pacific in late 20th century is that each country altered its trade policy to maximize its gains from trade when they faced common external shocks.The bilateral trade agreement is not only to satisfy the restraints of internationally political and economic environments but also to help each government to balance internal political economy when they implement trade liberalization.China's government should take first start to guide a favorable process of regional economic integration.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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