Monday, May 18, 2009

[IWS] ADB: PAN-ASIAN INTEGRATION: LINKING EAST & S. ASIA [Free Trade Agreement] [13 May 2009]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

Asian Development Bank (ADB)


Pan-Asian Integration: Linking East and South Asia [13 May 2009]
Edited by Joseph Francois, Pradumna B. Rana, and Ganeshan Wignaraja
http://www.adb.org/Documents/books/Pan-Asian-Integration/
or
Summary
http://www.adb.org/Documents/books/Pan-Asian-Integration/summary.pdf
[full-text, 2 pages]


In today's globalized world where the economic fates of nations are inevitably linked, weathering the present economic storm for Asia will increasingly depend on harnessing regional dynamics­ particularly on the trade front. Pan-Asian Integration: Linking East and South Asia (Palgrave-MacMillan Press, March 2009) is a rich volume of perspectives from leading thematic experts on regional patterns of trade and investment, trade-related infrastructure, trade facilitation, among others. This book dissects the growing economic ties between China and India and makes a compelling case for Pan-Asian integration­ with an eye on the two giants as not only the critical growth poles in Asia, but as the focal points for trade-led recovery. Recommendations for maximizing the benefits of trade and integration include increasing investment in trade-related infrastructure and pushing for the consolidation of FTAs. Stronger economic ties and more open trade regimes between East and South Asia can be stabilizing forces to future shocks by boosting trade and investment and bolstering inter-regional collaboration.

Press Release 13 May 2009
East, South Asia Free-Trade Deal Could Generate $260 Billion in Extra Income
http://www.adb.org/Media/Articles/2009/12890-asian-free-trade-deal/


MANILA, PHILIPPINES ­ A free-trade agreement covering East and South Asia could generate around US$260 billion in additional income and pave the way for further cooperation between the two regions, says a new book from ADB.

The book, < http://www.adb.org/Documents/books/Pan-Asian-Integration/> Pan Asian Integration: Linking East and South Asia, examines the growing trade ties between the two regions, including bilateral agreements, and estimates the potential gains and losses from widening those linkages. It also looks at the key obstacles to broader trade integration and the policy actions needed to overcome them.

The book, from ADB's Office of Regional Economic Integration (OREI), contains contributions from eminent academics around the globe. It was edited by Joseph Francois, Professor in the Department of Economics at Johannes Kepler University, Linz, Austria; Pradumna B. Rana, Senior Fellow at the Division of Economics, School of Humanities and Social Sciences, Nanyang Technological University, Singapore; and Ganeshan Wignaraja, Principal Economist in ADB's OREI.

After decades of relative economic isolation from each other, trade between East and South Asia has surged recently, soaring by over $114 billion between 2000 and 2007 alone. However, the benefits have been spread unevenly, with the People's Republic of China and other East Asian nations gaining substantially, while South Asian economies, with the exception of India, have enjoyed only modest returns.

AND MORE....

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
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