Adjusting Towards AFTA: The Dynamics of Trade in ASEAN
Jan 1996 · Institute of Southeast Asian Studies
Ebook
102
Pages
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About this ebook
The decision to establish the ASEAN Free Trade Area (AFTA) was initially met with widespread enthusiasm. Some of this enthusiasm has since dissipated as all countries except Singapore have voiced concerns regarding the ability of sensitive industries to compete in the new protection-free environment. Underlying these concerns is the view that the evolving pattern of trade will be more complementary, or that inter-industry of net trade will dominate intra-industry trade. This study employs a new methodology to analyse the dynamics of trade in the ASEAN countries as they approach the deadline of AFTA, with a view to identify likely adjustment costs associated with liberalizing their trade.
About the author
Jayant Menon is the Lead Economist at the Office of Regional Economic Integration, Asian Development Bank.
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