Table of Contents

Asia Pacific regionalism - the issues, Ross Garnaut and Peter Drysdale; Part 1 Some developments in the theory of regionalism - worldwide regional integration - is there an optimal size of the integrated area?, Richard Cooper; trade intensities and the analysis of bilateral trade flows in a many-country world - a survey, Ross Garnaut and Peter Drysdale; international economic pluralism, Peter Drysdale; principles of Pacific economic integration, Peter Drysdale and Ross Garnaut; the impact of transaction costs on the direction of trade - empirical evidence for the Asia Pacific, Torsten Amelung. Part 2 The context of Asia Pacific regionalism: Pacific economic co-operation - the history of an idea, Hadi Soesastro; anatomy of regionalism, H.W. Arndt; origins of the Pacific community, summary proceedings - Pacific community seminar - the East Asian trading bloc - an analytical history, Peter A. Petri; is world trade becoming more regionalised, Kym Anderson and Hege Norheim. Part 3 Regionalism and multilateralism: regionalism and multilateralism - and overview, Jagdish Bhagwati; regionalism versus multilateralism - analytical notes, Paul Krugman; globalism and regionalism - compliments or competitors?, Soogil Young; regionalism and the world trading system, Lawrence H. Summers. Part 4 The idea of open regionalism: on Pacific economic integration, Ippei Yamazawa; trade policy options for the Asia Pacific in the 1990s - The potential of open regionalism, Andrew Elek; APEC and the world economy - a force for world-wide liberalization, C. Fred Bergsten. Part 5 An East Asian economic bloc?: Is Japan creating a Yen bloc in East Asia and the Pacific, Jeffrey A. Frankel; trading blocs and East Asia, Gary R. Saxonhouse; changing patterns or direct investment and the implications for trade and development, Shujiro Urata. Part 6 Regionalism in the Americas: implications of Nafta for US trade policy in the Pacific Basin, Jeffrey J. Schott and Gary C. Hufbauer; is the US bowing out of Asia? Peter A. Petri. Part 7 South East Asian Regionalism: the ASEAN free trade area - the search for common prosperity, Lee Tsao Yuan; the political economy of the ASEAN free trade area, Narongchai Akrasansee and David Stifel. Part 8 Australia and New Zealand - CER regionalism: the future of the CER Agreement - a single market for Australia and New Zealand, Peter Lloyd. Part 9 Sub regionalism in the Asia Pacific: Subregional economic zones in South East Asia, Chia Slow Yue and Lee Tsao Yuan; the economic integration of Hong Kong, Taiwan and South Korea with mainland China, Yun-Wing Sung; prospects of trade expansion in the SAARC regio, Margrat Ram Aggarwal, Posh Raj Pandey. Part 10 China - the region's emerging giant: China's reforms in international context, Ross Garnaut.