Trade Strategy in East Asia From Regionalization to Regionalism
The study of regionalism is essential as it has become a vital trend with profound regional and global impacts. Japan, Korea and China are regarded as the key actors for such action in East Asia. While regionalization has created building blocks for econo
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Trade Strategy in East Asia From Regionalization to Regionalism Fithra Faisal Hastiadi Universitas Indonesia
© Fithra Faisal Hastiadi 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-56966-0 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2016 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978-1-349-57932-7 ISBN 978-1-137-56967-7 (eBook) DOI 10.1007/978-1-137-56967-7
This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Hastiadi, Fithra Faisal, author. Trade strategy in East Asia : from regionalization to regionalism / Fithra Faisal Hastiadi. pages cm Includes index. 1. East Asia – Commerce. 2. East Asia – Commercial policy. 3. Regionalism – East Asia. I. Title. HF3820.5.Z5H37 2016 3829.3095—dc23
2015026445
Contents List of Boxes
ix
List of Figures
x
List of Tables
xii
Acknowledgments
xiv
Preface
xv
1
Introduction: Making East Asian Regionalism Work 1.1 Background 1.1.1 The political economy of trade liberalization 1.1.2 East Asian regionalism: trade and FDI integration 1.1.3 Variables 1.2 Limitation 1.3 Organization of the book
1 1 6 12 13 18 18
2
East Asian Regionalism: The Role of Northeast Asian Nations 2.1 Introduction 2.2 Literature review 2.2.1 Regionalism versus regionalization 2.2.2 CJK’s triangular trade 2.2.3 East Asian regionalism 2.3 Methodology 2.3.1 Analyzing the trade structure of CJK 2.3.2 RTA/FTA 2.3.3 Economic modalities 2.4 Results and discussion 2.4.1 The short- and long-run equilibrium 2.4.2 RTA/FTA 2.4.3 Economic modal
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