This paper looks into the relative merits of two approaches—participation in preferential trading agreements (PTAS) and multilateralism, as exemplified by membership in the World Trade Organization—both of which lead to the path of integration with the world economy. Four ASEAN transition...

This paper looks into the relative merits of two approaches—participation in preferential trading agreements (PTAS) and multilateralism, as exemplified by membership in the World Trade Organization—both of which lead to the path of integration with the world economy. Four ASEAN...