Economic Integration between China and the Asean-5
Laurenceson, James, ASEAN Economic Bulletin
The current level of economic integration between China and ASEAN will largely determine the scale of the impact of China's WTO entry and the China-ASEAN free trade agreement. This article supplements volume-based measures of real and financial integration between China and the ASEAN-5 with those based on the international parity conditions. The results indicate that China's integration with the ASEAN-5 is already relatively advanced with respect to goods and services markets. Financial market integration however remains significantly incomplete. The main implication of this finding is that the impact of future liberalization will be felt most acutely in financial markets. This makes …
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Publication information: Article title: Economic Integration between China and the Asean-5. Contributors: Laurenceson, James - Author. Journal title: ASEAN Economic Bulletin. Volume: 20. Issue: 2 Publication date: August 2003. Page number: 103. © 2008 Institute of Southeast Asian Studies (ISEAS). Provided by ProQuest LLC. All Rights Reserved.
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