Abstract
The ASEAN+3 proposal has attracted attention in Asia and the world. We argue that a free trade agreement (FTA) for ASEAN+3 is beneficial to all member countries due to three factors: (i) existing and expected vertical foreign direct investment linkage between Japan/Korea and ASEAN member countries, (ii) high expected growth rate of the Chinese economy, and (iii) the economic diversity among members of ASEAN+3 group.
| Original language | English |
|---|---|
| Pages (from-to) | 1-31 |
| Journal | Journal of Economic Integration |
| Volume | 25 |
| Issue number | 1 |
| Publication status | Published - Mar 2010 |
Bibliographical note
Research Unit(s) information for this publication is provided by the author(s) concerned.Research Keywords
- ASEAN
- free trade agreement
- trade creation
- trade diversion
- foreign direct investment
- trading bloc
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