| ID | 111870 |
| Title Proper | Prospects of ASEAN-Korea Free Trade Area (AKFTA) |
| Other Title Information | a qualitative and quantitative analysis |
| Language | ENG |
| Author | Park, Donghyun ; Park, Innwon ; Estrada, Gemma Esther B |
| Publication | 2012. |
| Summary / Abstract (Note) | The current global economic crisis has alerted East Asian countries to the risks of excessive dependence on exports to the United States and EU. This shared sense of vulnerability is likely to promote regional economic integration. In particular, intra-regional trade is now viewed as a new potential engine of growth. The ASEAN-Korea Free Trade Area (AKFTA) is a concrete example of this general trend. This paper qualitatively and quantitatively examines the economic feasibility and desirability of AKFTA - qualitatively using the theory of economic integration and quantitatively by applying a CGE model. Our analysis provides some grounds for optimism about AKFTA's prospects. |
| `In' analytical Note | ASEAN Economic Bulletin Vol. 29, No.1; Apr 2012: p.29-45 |
| Journal Source | ASEAN Economic Bulletin Vol. 29, No.1; Apr 2012: p.29-45 |
| Key Words | ASEAN - Korea Free Trade Area (AKFTA) ; ASEAN ; Global Economic Crisis ; United States ; European Union ; Korea |