Economic Policy

Download East Asia’s De Facto Economic Integration by Daisuke Hiratsuka (eds.) PDF

By Daisuke Hiratsuka (eds.)

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Source: Ando and Kimura (2004). Original data source: author’s calculation, based on UN COMTRADE for exports of Hong Kong and exports and imports for Russia and Slovakia and UN PC-TAS for others. By 2000, however, Japan became an important exporter of the machinery parts and components as well as one of the major importers of both finished products and parts. The ASEAN forerunners, notably the Philippines, Malaysia, Singapore and Thailand, became active backand-forth traders of machinery parts and components.

We classify flows according to this procedure and then aggregate the data, to obtain the share of each trade type for a given i, j, year and ISIC Rev. 2 industry. For a large number of data, particularly in North America (see below), quantity data are missing from the observations, so unit values cannot be calculated. We were therefore obliged to introduce a fourth “type of trade” into our breakdown, corresponding to non-classified trade flows, denoted TWTnc. In addition, some bilateral trade flows with available unit values are still not classified.

So far Japan has not been successful in showing a strong will to reform itself. It is good news that the agricultural lobby is now cooperating in negotiating FTAs. However, the committed liberalization is not impressive enough to prove Japan’s strong will for liberalizing trade. ” The largely negative responses to the requests facilitating the movement of persons also do not indicate any willingness to promote economic integration. Only after presenting a strong will and vision, will East Asian countries accept Japan’s requests penetrating into their domestic policies.

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