FTA and the Developing Countries

목차

Ⅰ. Introduction.

Ⅱ.1. What is FTA and why has they started to increase recently?
Ⅱ.2. The merits and demerits of FTA from the viewpoint of developing countries
Ⅱ.3. Developed countries' choice between FTA an multilateral trade liberalization

Ⅲ. Conclusion.

본문내용

loping countries to be left out of it.
Then, what choice is it that the developed countries like EU, the U.S. and Japan would and should make? Because of the long history of economic integration and special condition EU is likely to maintain customs union, although it has been bigger by accepting 10 more countries as its members. The U.S. has always been changing its trade policy between protection and free trade one following its own national interests. Then, for Japan which has made the first step to FTA by establishing one with Singapore what could be better choice between FTA and multilateral trade liberalization. After experiencing the Asian monetary crisis, there is no doubt about the necessity of regional cooperation and we can think the recent efforts of Japan to make FTA with many, and especially East Asian countries were encouraged by this. But if it is motivated only from the feeling of crisis thinking that other countries do, we should do, it is hard to expect satisfactory result. If Japan apprehends FTA is the second-best choice to go the multilateral liberalization, and if developing countries make full use of opportunities FTA gives to enter the world wide economy, FTA will be not a stumbling block but rather it will be a foundation stone for the world economy.
References
Bhagwati,Jagdish. Free Trade Today(Princeton University Press, 2002)
Regionalism and Multilateralism: An Overview (Cambridge University Press, 1993)
Chan-Hyun Sohn, Marginal Intra-industry Trade, Trade-induced adjustment Costs and the Choice of FTA Partners,(KIEF, 2004)
Debraj Ray, Development Economics (Princeton University Press, 1998)
Hayami, Yujiro, Development Economics (Oxford University Press, 2003)
Ministry of Foreign Affairs Japan, OVERVIEW: THE INTERNATIONAL SITUATION AND JAPANESE DIPLOMACY IN 2003 (http://www.mofa.go.jp/policy/economy/fta/index/html)
Paul R. Krugman, International Economics:Theory and Policy(Addison Wesley Longman, 2000.)
Tetsuji Murase, A Zone of Asian Monetary Stability (Asia Pacific Press, 2002)
Yangseon Kim, Northeast Asian Economic Integration: Prospects for a Northeast Asian FTA (Korean Institution for International Economic Policy, 2003)

키워드

FTA,   Free Trade Agreement,   Developing Countries,   WTO,   GATT,   tariff,   globalization ,   Rules of Origin