China
Can't Shield Asia From a U.S. Slowdown Yet: William Pesek
Bloomberg, William Pesek
Sure, China is booming, India is catching up and growth remains
strong in Southeast Asia. Yet the region is thought to be doomed
if the U.S. falters.
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Asia
moving towards its own consensus
The
Nation, August 25, 2006
Thanong Khanthong
After
the 1997-1998 financial crisis, Asia moved away from the "Washington
Consensus" by adopting policies that hinge on greater self-reliance,
independence from foreign influence and integration within the continent.
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http://nationmultimedia.com/2006/08/25/business/business_30011919.php
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Giving
the India-Asean FTA a new thrust
Hindu Business Line, August 24
2006
S. Majumder
The
deadlock in the Doha Round talks paves the way for the India-ASEAN
Free Trade Agreement that was hobbled by the squabbling over the
negative list. The list has been pruned twice, bringing down the
number of items from 1,414 to 854. But the ASEAN is not impressed
and wants the list pruned to a mere 60.
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China,
India Lead Debate on Free Capital Flows
Bloomberg, 22 August 2006
Andy Mukherjee
With
China and India slowly easing controls on capital inflows and outflows,
the risks and rewards of financial globalization are once again
in the spotlight.
Now that two of the world's most dynamic economies have decided
to walk the arduous -- and perhaps long -- road to full currency
convertibility, economists are working hard to fill the gaping hole
in our (and their) knowledge about the linkages between capital
mobility, economic growth and financial crises.
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Why
even Japan now wants a free trade zone
New Strait Times Online, 14 August,
2006
Hardev Kaur
WITH
the multilateral trade talks off the table, regional and bilateral
trade agreements are being promoted even more aggressively. The
East Asian region, which has some of the fastest-growing and most
vibrant economies and major traders, is looking to stepping up economic
cooperation and trade relations. A number of proposals for regional
trading arrangements has been made.
Now Japan, a member of the Paris-based OECD, the world's second
largest economy and the world's fourth largest trader — after
Germany, the US and China — is proposing a 16-nation Pan-Asian
free trade zone covering a large proportion of the world’s
population.
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Japan's
dream of reaching East Asia EPA
People’s Daily Online, 13
August 2006
According
to Kyodo news report, Japanese government will propose a new idea
of reaching East Asia Economic Partner Agreement or EPA among ASEAN
plus Three and Australia, New Zealand and India. Obviously it includes
a total of 16 countries in Asia and Pacific areas including the
10 ASEAN countries and China, Japan and South Korea.
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http://english.people.com.cn/200608/13/eng20060813_292731.html
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India`s
Protectionism is Trying ASEAN`s Patience
The Nation, 11 August 2006
Sanjana Joshi
The ASEAN has suspended free trade talks with India. According
to Rafidah Aziz, the Malaysian International Trade and Industry
Minister, the negotiations had become "difficult", since
goods placed by India on the exclusion list account for some 30
percent of Southeast Asia`s exports to India.
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http://www.nationmultimedia.com/2006/08/11/opinion/opinion_30010811.php
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EU
to Make Stronger Presence in South-East Asia
The Star Online, August 6, 2006
Paul Gabriel
THE
EU is well on its way to strengthening its “presence”
in Malaysia, and in the South-East Asian region. The EU is showing
stronger common interests – economic, political and security
– with the region, with a recent major study on long-term
developments in international trade predicting that by 2050, Asean
would emerge as the world’s largest exporter.
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http://biz.thestar.com.my/news/story.asp?file=/2006/8/6/business/15065182&sec=business
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FTAs
and RTAs: The Political Imperative
Business Standard, August 04, 2006
T C A Srinivasa-Raghavan
RTA's
achieve more-or-less the same outcome as multilateral trading arrangements.
For this author has a slightly different question for economists:
given the politics of trade, what is the optimum number countries
that should be members of an FTA? Also, does it make sense for smaller
countries to enter into an FTA of which a gorilla, like the US ,
China or India, is also a member? To know the real analysis-
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