Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN
This study investigates the economic impacts of accession to the ASEAN Free Trade Area (AFTA) by the new member countries of Cambodia, the Lao PDR, Myanmar, and Vietnam. The trade policies of these countries are examined, and a series of quantitati...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/02/1047383/free-trade-area-membership-stepping-stone-development-case-asean http://hdl.handle.net/10986/13847 |
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okr-10986-13847 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ARABLE LAND BASIS BENEFICIAL TRADE COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGE CONCESSIONS CONSTANT ELASTICITY OF SUBSTITUTION CONSTANT ELASTICITY OF TRANSFORMATION CONVERGENCE CUSTOMS CUSTOMS DUTIES CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT STRATEGY DOMESTIC CAPITAL MARKETS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCTION DYNAMIC BENEFITS ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES ECONOMIC STRUCTURE ECONOMIC UNION ECONOMIC WELFARE ELASTICITY EQUILIBRIUM EQUIVALENT VARIATION EXCHANGE RATE EXPENDITURES EXPORT GROWTH EXPORT MARKETS EXPORT STRUCTURE EXPORTS EXTERNAL BARRIERS EXTERNAL SHOCKS EXTERNAL TRADE EXTERNAL TRADE BARRIERS FACTOR ENDOWMENTS FOREIGN DIRECT INVESTMENT FOREIGN KNOWLEDGE FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE-TRADE AREA FUNCTIONAL FORMS GDP GDP PER CAPITA GENERAL EQUILIBRIUM MODEL GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKET GLOBAL TRADE GLOBAL TRADE ANALYSIS GROSS DOMESTIC PRODUCT HUMAN DEVELOPMENT IMPORT COMPETITION IMPORT SIDE IMPORT SUBSTITUTION IMPORTS INCOME INDUSTRIAL POLICY INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTMENT POLICIES LEGAL STATUS MACROECONOMIC REFORM MARKET ACCESS MEMBER COUNTRIES MERCHANDISE TRADE MOST-FAVORED-NATION MULTILATERAL FORA MULTILATERAL PROCESS NON-MEMBER COUNTRIES NON-TARIFF BARRIERS NONTARIFF BARRIERS OIL OPENNESS PARTNER COUNTRIES PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS POLICY REFORMS POSITIVE EFFECTS POVERTY ALLEVIATION PREFERENTIAL BASIS PREFERENTIAL LIBERALIZATION PREFERENTIAL TARIFF PREFERENTIAL TRADE PREFERENTIAL TRADE LIBERALIZATION PREFERENTIAL TRADING PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PRODUCERS PRODUCT PRODUCTION STRUCTURE PRODUCTIVITY GROWTH PROTECTION DATA PROTECTION RATES QUANTITATIVE RESTRICTIONS REAL INCOME REDUCING TARIFFS REGIONAL ARRANGEMENT REGIONAL ARRANGEMENTS REGIONAL CUMULATION REGIONAL DEMAND REGIONAL GROUP REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL INTEGRATION ARRANGEMENTS REGIONAL LIBERALIZATION REGIONALISM SAFETY NETS SOCIAL SERVICES STATIC BENEFITS SUSTAINABLE DEVELOPMENT TARIFF BARRIER TARIFF BARRIERS TARIFF LINES TARIFF PROTECTION TARIFF RATES TARIFF REDUCTIONS TARIFF REVENUES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENT TRADE BLOCS TRADE CLASSIFICATION TRADE CREATING TRADE CREATION TRADE DIVERSION TRADE GAINS TRADE LIBERALIZATIONS TRADE PATTERN TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE REFORM TRADE REFORMS TRADE REGIME TRADE REGIMES TRADING AGREEMENT TRADING ARRANGEMENT TRADING PARTNERS TRADING SYSTEM TRANSITION ECONOMIES TRANSPORT EQUIPMENT UNILATERAL LIBERALIZATION UNILATERAL REFORMS VALUATION VALUE ADDED VULNERABILITY TO SHOCKS WELFARE EFFECTS WELFARE GAINS WELFARE LOSSES WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ARABLE LAND BASIS BENEFICIAL TRADE COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGE CONCESSIONS CONSTANT ELASTICITY OF SUBSTITUTION CONSTANT ELASTICITY OF TRANSFORMATION CONVERGENCE CUSTOMS CUSTOMS DUTIES CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT STRATEGY DOMESTIC CAPITAL MARKETS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCTION DYNAMIC BENEFITS ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES ECONOMIC STRUCTURE ECONOMIC UNION ECONOMIC WELFARE ELASTICITY EQUILIBRIUM EQUIVALENT VARIATION EXCHANGE RATE EXPENDITURES EXPORT GROWTH EXPORT MARKETS EXPORT STRUCTURE EXPORTS EXTERNAL BARRIERS EXTERNAL SHOCKS EXTERNAL TRADE EXTERNAL TRADE BARRIERS FACTOR ENDOWMENTS FOREIGN DIRECT INVESTMENT FOREIGN KNOWLEDGE FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE-TRADE AREA FUNCTIONAL FORMS GDP GDP PER CAPITA GENERAL EQUILIBRIUM MODEL GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKET GLOBAL TRADE GLOBAL TRADE ANALYSIS GROSS DOMESTIC PRODUCT HUMAN DEVELOPMENT IMPORT COMPETITION IMPORT SIDE IMPORT SUBSTITUTION IMPORTS INCOME INDUSTRIAL POLICY INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTMENT POLICIES LEGAL STATUS MACROECONOMIC REFORM MARKET ACCESS MEMBER COUNTRIES MERCHANDISE TRADE MOST-FAVORED-NATION MULTILATERAL FORA MULTILATERAL PROCESS NON-MEMBER COUNTRIES NON-TARIFF BARRIERS NONTARIFF BARRIERS OIL OPENNESS PARTNER COUNTRIES PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS POLICY REFORMS POSITIVE EFFECTS POVERTY ALLEVIATION PREFERENTIAL BASIS PREFERENTIAL LIBERALIZATION PREFERENTIAL TARIFF PREFERENTIAL TRADE PREFERENTIAL TRADE LIBERALIZATION PREFERENTIAL TRADING PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PRODUCERS PRODUCT PRODUCTION STRUCTURE PRODUCTIVITY GROWTH PROTECTION DATA PROTECTION RATES QUANTITATIVE RESTRICTIONS REAL INCOME REDUCING TARIFFS REGIONAL ARRANGEMENT REGIONAL ARRANGEMENTS REGIONAL CUMULATION REGIONAL DEMAND REGIONAL GROUP REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL INTEGRATION ARRANGEMENTS REGIONAL LIBERALIZATION REGIONALISM SAFETY NETS SOCIAL SERVICES STATIC BENEFITS SUSTAINABLE DEVELOPMENT TARIFF BARRIER TARIFF BARRIERS TARIFF LINES TARIFF PROTECTION TARIFF RATES TARIFF REDUCTIONS TARIFF REVENUES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENT TRADE BLOCS TRADE CLASSIFICATION TRADE CREATING TRADE CREATION TRADE DIVERSION TRADE GAINS TRADE LIBERALIZATIONS TRADE PATTERN TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE REFORM TRADE REFORMS TRADE REGIME TRADE REGIMES TRADING AGREEMENT TRADING ARRANGEMENT TRADING PARTNERS TRADING SYSTEM TRANSITION ECONOMIES TRANSPORT EQUIPMENT UNILATERAL LIBERALIZATION UNILATERAL REFORMS VALUATION VALUE ADDED VULNERABILITY TO SHOCKS WELFARE EFFECTS WELFARE GAINS WELFARE LOSSES WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO Fukase, Emiko Martin, Will Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| geographic_facet |
East Asia and Pacific |
| relation |
World Bank Discussion Paper;No. 421 |
| description |
This study investigates the economic
impacts of accession to the ASEAN Free Trade Area (AFTA) by
the new member countries of Cambodia, the Lao PDR, Myanmar,
and Vietnam. The trade policies of these countries are
examined, and a series of quantitative analyses were
undertaken to evaluate the impacts of accession. The results
showed that the static impacts of reducing tariffs against
ASEAN members are beneficial, although the magnitude of the
net gains is diminished by the trade diversion resulting
from the discriminatory nature of the reforms. The binding
commitments on protection rates under the AFTA plan provide
an important initial step to more broader and more
beneficial trade reforms. The study focuses on some of the
key country-specific policy challenges associated with trade
liberalization--such as declining tariff revenues in
Cambodia, and the negative impacts on sensitive domestic
industries in Vietnam. The study recommends that accession
to AFTA be viewed as an important transitional step in the
broader process of trade reform and institutional
development needed for successful development and poverty alleviation. |
| format |
Publications & Research :: Publication |
| author |
Fukase, Emiko Martin, Will |
| author_facet |
Fukase, Emiko Martin, Will |
| author_sort |
Fukase, Emiko |
| title |
Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| title_short |
Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| title_full |
Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| title_fullStr |
Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| title_full_unstemmed |
Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN |
| title_sort |
free trade area membership as a stepping stone to development : the case of asean |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/02/1047383/free-trade-area-membership-stepping-stone-development-case-asean http://hdl.handle.net/10986/13847 |
| _version_ |
1764424716190220288 |
| spelling |
okr-10986-138472021-04-23T14:03:10Z Free Trade Area Membership as a Stepping Stone to Development : The Case of ASEAN Fukase, Emiko Martin, Will ARABLE LAND BASIS BENEFICIAL TRADE COMMON MARKET COMMON TARIFF COMPARATIVE ADVANTAGE CONCESSIONS CONSTANT ELASTICITY OF SUBSTITUTION CONSTANT ELASTICITY OF TRANSFORMATION CONVERGENCE CUSTOMS CUSTOMS DUTIES CUSTOMS PROCEDURES CUSTOMS UNION DEVELOPMENT STRATEGY DOMESTIC CAPITAL MARKETS DOMESTIC INDUSTRIES DOMESTIC INDUSTRY DOMESTIC PRODUCTION DYNAMIC BENEFITS ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICIES ECONOMIC STRUCTURE ECONOMIC UNION ECONOMIC WELFARE ELASTICITY EQUILIBRIUM EQUIVALENT VARIATION EXCHANGE RATE EXPENDITURES EXPORT GROWTH EXPORT MARKETS EXPORT STRUCTURE EXPORTS EXTERNAL BARRIERS EXTERNAL SHOCKS EXTERNAL TRADE EXTERNAL TRADE BARRIERS FACTOR ENDOWMENTS FOREIGN DIRECT INVESTMENT FOREIGN KNOWLEDGE FREE TRADE FREE TRADE AGREEMENT FREE TRADE AREA FREE-TRADE AREA FUNCTIONAL FORMS GDP GDP PER CAPITA GENERAL EQUILIBRIUM MODEL GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKET GLOBAL TRADE GLOBAL TRADE ANALYSIS GROSS DOMESTIC PRODUCT HUMAN DEVELOPMENT IMPORT COMPETITION IMPORT SIDE IMPORT SUBSTITUTION IMPORTS INCOME INDUSTRIAL POLICY INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTMENT POLICIES LEGAL STATUS MACROECONOMIC REFORM MARKET ACCESS MEMBER COUNTRIES MERCHANDISE TRADE MOST-FAVORED-NATION MULTILATERAL FORA MULTILATERAL PROCESS NON-MEMBER COUNTRIES NON-TARIFF BARRIERS NONTARIFF BARRIERS OIL OPENNESS PARTNER COUNTRIES PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS POLICY REFORMS POSITIVE EFFECTS POVERTY ALLEVIATION PREFERENTIAL BASIS PREFERENTIAL LIBERALIZATION PREFERENTIAL TARIFF PREFERENTIAL TRADE PREFERENTIAL TRADE LIBERALIZATION PREFERENTIAL TRADING PRIMARY FACTORS PRIMARY FACTORS OF PRODUCTION PRODUCERS PRODUCT PRODUCTION STRUCTURE PRODUCTIVITY GROWTH PROTECTION DATA PROTECTION RATES QUANTITATIVE RESTRICTIONS REAL INCOME REDUCING TARIFFS REGIONAL ARRANGEMENT REGIONAL ARRANGEMENTS REGIONAL CUMULATION REGIONAL DEMAND REGIONAL GROUP REGIONAL INTEGRATION REGIONAL INTEGRATION AGREEMENTS REGIONAL INTEGRATION ARRANGEMENTS REGIONAL LIBERALIZATION REGIONALISM SAFETY NETS SOCIAL SERVICES STATIC BENEFITS SUSTAINABLE DEVELOPMENT TARIFF BARRIER TARIFF BARRIERS TARIFF LINES TARIFF PROTECTION TARIFF RATES TARIFF REDUCTIONS TARIFF REVENUES TAX REVENUES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENT TRADE BLOCS TRADE CLASSIFICATION TRADE CREATING TRADE CREATION TRADE DIVERSION TRADE GAINS TRADE LIBERALIZATIONS TRADE PATTERN TRADE PATTERNS TRADE POLICIES TRADE POLICY TRADE REFORM TRADE REFORMS TRADE REGIME TRADE REGIMES TRADING AGREEMENT TRADING ARRANGEMENT TRADING PARTNERS TRADING SYSTEM TRANSITION ECONOMIES TRANSPORT EQUIPMENT UNILATERAL LIBERALIZATION UNILATERAL REFORMS VALUATION VALUE ADDED VULNERABILITY TO SHOCKS WELFARE EFFECTS WELFARE GAINS WELFARE LOSSES WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO This study investigates the economic impacts of accession to the ASEAN Free Trade Area (AFTA) by the new member countries of Cambodia, the Lao PDR, Myanmar, and Vietnam. The trade policies of these countries are examined, and a series of quantitative analyses were undertaken to evaluate the impacts of accession. The results showed that the static impacts of reducing tariffs against ASEAN members are beneficial, although the magnitude of the net gains is diminished by the trade diversion resulting from the discriminatory nature of the reforms. The binding commitments on protection rates under the AFTA plan provide an important initial step to more broader and more beneficial trade reforms. The study focuses on some of the key country-specific policy challenges associated with trade liberalization--such as declining tariff revenues in Cambodia, and the negative impacts on sensitive domestic industries in Vietnam. The study recommends that accession to AFTA be viewed as an important transitional step in the broader process of trade reform and institutional development needed for successful development and poverty alleviation. 2013-06-11T20:34:47Z 2013-06-11T20:34:47Z 2001-02 http://documents.worldbank.org/curated/en/2001/02/1047383/free-trade-area-membership-stepping-stone-development-case-asean 0-8213-4887-6 http://hdl.handle.net/10986/13847 English en_US World Bank Discussion Paper;No. 421 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication East Asia and Pacific |