Is the ASEAN-Korea Free Trade Area (AKFTA) an optimal free trade area?

Donghyun Park; Innwon Park and Gemma Esther B. Estrada

The 1997/98 Asian currency crisis has led a once high-flying East Asia to realize its vulnerability to external shocks. This realization has given strong impetus to greater economic integration among East Asian economies, with the ASEAN-Korea Free Trade Area (AKFTA) a case in point. This paper qualitatively and quantitatively examines the economic feasibility of AKFTA: qualitatively using the theory of economic integration, and quantitatively by applying a CGE model. Our two-dimensional analysis provides some, but not overwhelming, support for AKFTA's prospects as an effective means of promoting trade between ASEAN and the Republic of Korea.

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Year of publication:	2008
Authors:	Park, Donghyun
Other Persons:	Park, Innwon (contributor) ; Estrada, Esther B. (contributor)
Institutions:	Asian Development Bank (contributor)
Publisher:	Manila, Philippines : Asian Development Bank
Subject:	ASEAN \| Korea \| trade \| free trade area \| economic integration \| Freihandelsabkommen \| Free trade agreement \| Südkorea \| South Korea \| ASEAN-Staaten \| ASEAN countries \| Regionale Wirtschaftsintegration \| Regional economic integration \| Wirtschaftsintegration \| Economic integration \| Handelsliberalisierung \| Trade liberalization

Extent:	28 S. graph. Darst., Tab., Lit. S. 18-19
Series:	ADB working paper series on regional economic integration. - Mandaluyong City : [Verlag nicht ermittelbar], ZDB-ID 2701551-8. - Vol. No. 21
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: PDF-Reader Online-Ausg. Online Ressource
Other identifiers:	hdl:11540/1788 [Handle]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011281484