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A Quantitative Evaluation Of Vietnams Accession To The Asean Free Trade Area Afta
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Book Synopsis A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area (AFTA) by : Emiko Fukase
Download or read book A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area (AFTA) written by Emiko Fukase and published by . This book was released on 1999 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The static economic benefits of Vietnam's accession to the ASEAN Free Trade Area (AFTA) are likely to be relatively small. The gains from increased access to ASEAN markets would be small, and they would be offset by the costs of trade diversion on the import side. But binding commitments on protection rates under the AFTA plan could provide an important stepping stone to more beneficial broader liberalization.
Book Synopsis A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area by : Emiko Fukase
Download or read book A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area written by Emiko Fukase and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The static economic benefits of Vietnam's accession to the ASEAN Free Trade Area (AFTA) are likely to be relatively small. The gains from increased access to ASEAN markets would be small, and they would be offset by the costs of trade diversion on the import side. But binding commitments on protection rates under the AFTA plan could provide an important stepping stone to more beneficial broader liberalization. Vietnam's accession to the ASEAN Free Trade Area (AFTA) has been an important step in its integration into the world economy. Fukase and Martin use a multiregion, multisector computable general equilibrium model to evaluate how different trade liberalization policies of Vietnam and its main trading partners affect Vietnam's welfare, taking into account the simultaneous impacts on trade, output, and industrial structure. They conclude that: - The static economywide effects of the AFTA liberalization to which Vietnam is currently committed are small. On the import side, the exclusion of a series of products from the AFTA commitments appears to limit the scope of trade creation, and the discriminatory nature of AFTA liberalization would divert Vietnam's trade from non-ASEAN members. - Vietnam's small initial exports to ASEAN make the gains from improved access to partner markets relatively modest. Since Singapore dominates Vietnam's ASEAN exports and initial protection in Singapore is close to zero, there are few gains from preferred status in this market. - When Vietnam extends its AFTA commitments to all of its trading partners on a most favored nation basis, its welfare increases substantially - partly because of the greater extent of liberalization, partly because the broader liberalization undoes the costly trade diversion created by the initial discriminatory liberalization, and finally because of the more efficient allocation of resources among Vietnam's industries. - AFTA, APEC, and unilateral liberalizations affect Vietnam's industries in different ways. AFTA appears to benefit Vietnam's agriculture by improving its access to the ASEAN market. - Broad unilateral liberalization beyond AFTA is likely to shift labor away from agriculture and certain import-competing activities toward relatively labor-intensive manufacturing. Reduced costs for intermediate inputs will benefit domestic production. These sectors conform to Vietnam's current comparative advantage, and undertaking broad unilateral liberalization now seems a promising way to facilitate the subsequent development of competitive firms in more capital- and skill-intensive sectors. By contrast, more intense import competition may lead some import substitution industries (now dependent on protection) to contract. - The higher level of welfare resulting from more comprehensive liberalization implies that the sectoral protection currently given to capital-intensive and strategic industries is imposing substantial implicit taxes on the rest of the economy. All the above suggests that AFTA should be treated as an important initial step toward broader liberalization. Binding international commitments in AFTA and, in due course, at the World Trade Organization can provide a credible signal of Vietnam's commitment to open trade policies that will help stimulate the upgrading of existing firms and investment in efficient and dynamic firms. This paper - a product of Trade, Development Research Group - was prepared as part of the AFTA Expansion Project in collaboration with the East Asia and Pacific Region.
Book Synopsis Evaluating the implications of Vietnam's accession to the ASEAN free trade area (AFTA) by : E. Fukase
Download or read book Evaluating the implications of Vietnam's accession to the ASEAN free trade area (AFTA) written by E. Fukase and published by . This book was released on 1999 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis AFTA's Impact on Vietnam by : Nima Pouyan
Download or read book AFTA's Impact on Vietnam written by Nima Pouyan and published by GRIN Verlag. This book was released on 2007-08 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: International Organisations, grade: 1,3, King s College London, course: The Business Environment in the Asia-Pacific, 15 entries in the bibliography, language: English, abstract: This book analyses and evaluates the question, in how far the creation of the Asian Free Trade Area (AFTA) brought economic benefits to the ASEAN country Vietnam. To evaluate this question the impacts of AFTA on Vietnam's trade and their foreign direct investment (FDI) are evaluated and in a further step the question analysed in how far AFTA can affect the government income revenues of Vietnam. For the analysis of AFTA's impact on Vietnams' trade, the trade structure of Vietnam will be analysed. In general it can be said that for Vietnam the accession to AFTA is a very important step in their transition process to a more market economy. Furthermore it is a major step in Vietnams' integration in the world economy. Especially the access of Vietnamese firms to a huge market such as ASEAN seems to be very advantageous. In the case of foreign direct investments, the question is if AFTA is seen by foreign firms and investors as a positive factor which would lead to investments in Vietnam or if it does not change the situation or if it has even a negative impact on the FDI due to the reason that the industries are not protected anymore by the tariffs and quotas. A further question to analyse is the origin of the FDI, this means if the major part comes from the ASEAN countries or if it has also any effects on other countries. This book primarily targets researchers and readers interested in organisations and the Vietnamese economy.
Book Synopsis Brick by Brick by : Denis Hew Wei-Yen
Download or read book Brick by Brick written by Denis Hew Wei-Yen and published by Institute of Southeast Asian Studies. This book was released on 2007 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the backdrop of significant developments in regional economic cooperation and integration over the past decade, this book presents some of the key challenges facing ASEAN as it embarks on a bold and ambitious project to establish an ASEAN Economic Community by 2015. Organized under the auspices of the ASEAN-Australia Development Cooperation Program's Regional Economic Policy Support Facility, the book brings together authoritative studies written by prominent experts and academics on issues pertaining to ASEAN economic integration.
Book Synopsis Vietnam's Economic Entities in Transition by : S. Sakata
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Book Synopsis The Vietnamese Economy by : CHI DO-PHAM,
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Book Synopsis Journal of Economic Integration by :
Download or read book Journal of Economic Integration written by and published by . This book was released on 1992 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Trade Agreements in Asia by : Van Hoa Tran
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Book Synopsis Vietnam's Development Strategies by : Pietro Masina
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Book Synopsis Computable General Equilibrium Approaches In Urban And Regional Policy Studies by : Masayuki Doi
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Book Synopsis Assessing the Environmental Effects of Trade Liberalisation Agreements Methodologies by : OECD
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Book Synopsis External Liberalization in Asia, Post-Socialist Europe, and Brazil by : Lance Taylor
Download or read book External Liberalization in Asia, Post-Socialist Europe, and Brazil written by Lance Taylor and published by Oxford University Press. This book was released on 2006-02-02 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the experience of 14 countries with external liberalization and related policies, based on papers which follow a common macroeconomic methodology. The authors of these papers trace shifts in the productivity, and employment at the country level.
Book Synopsis Free Trade Area Membership as a Stepping Stone to Development by : Emiko Fukase
Download or read book Free Trade Area Membership as a Stepping Stone to Development written by Emiko Fukase and published by World Bank Publications. This book was released on 2001 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ASEAN free trade area (AFTA) was created in 1992. This book presents an overview of the mechanisms of AFTA as well as individual country reports of the costs and benefits of membership. The final chapter looks at the potential impact on economic growth.
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Book Synopsis Applying Modeling to Improve Health and Economic Policy Decisions in the Americas The Case of Noncommunicable Diseases by : Pan American Health Organization
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Download or read book 国際開発研究フォーラム written by and published by . This book was released on 2002 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt:
