English, Article edition: MANAGING THE NOODLE BOWL: THE FRAGILITY OF EAST ASIAN REGIONALISM RICHARD E. BALDWIN

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Bookmark: http://trove.nla.gov.au/version/131859
Physical Description
  • article
Language
  • English

Edition details

Title
  • MANAGING THE NOODLE BOWL: THE FRAGILITY OF EAST ASIAN REGIONALISM
Author
  • RICHARD E. BALDWIN
Physical Description
  • article
Notes
  • The paper argues that East Asian regionalism is fragile, since (i) each nation's industrial competitiveness depends on the smooth functioning of "Factory Asia" â in particular, on intra-regional trade; (ii) the unilateral tariff-cutting that created "Factory Asia" is not subject to WTO discipline (bindings); (iii) there is no "top-level management" to substitute for WTO discipline, i.e., to ensure that bilateral trade tensions â tensions that are inevitable in East Asia â do not spillover into region-wide problems due to lack of cooperation and communication. This paper argues that the window of opportunity for East Asian "vision" was missed; what East Asia needs now is "management", not vision. East Asia should launch a "New East Asian Regional Management Effort", with a reinforced ASEAN + 3 being the most likely candidate for the job. The first priority should be to bind the region's unilateral tariff cuts in the WTO.
  • Regionalism, noodle bowl, East Asia
  • RePEc:wsi:serxxx:v:53:y:2008:i:03:p:449-478
Language
  • English
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