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Services Trade Integration in Asia: Comparison with Europe and North America

dc.contributor.authorShintaro Hamanaka
dc.date.accessioned2015-04-21
dc.date.accessioned2015-04-29T14:32:38Z
dc.date.available2015-04-29T14:32:38Z
dc.date.issued2013-08-30
dc.identifier.urihttp://hdl.handle.net/11540/4243
dc.description.abstractThis paper will examine the level of services trade integration in Asia in comparison with Europe and North America. The main empirical findings of this paper are that: (i) the regional bias of services trade in Asia is as high as or higher than in Europe and North America; (ii) in Asia, the regional bias of services trade is higher than that of goods trade, which is in sharp contrast to Europe and North America, where the regional bias of goods trade is higher than that of services trade; and (iii) while Asia's regional bias of goods trade shows a declining trend, that of services trade remains high, although in the future its decline is expected. Asia's relatively high-level of regional bias of services trade can be explained by the following factors: (i) a relatively high prevalence of a shared language (Chinese), which is essential to services trade, but not to goods trade; and (ii) the archipelagic nature of the region, which inhibits goods trade more than services trade. In contrast, for example, major European countries share land borders with their neighbors and they speak different languages. In order to deepen Asia's services trade integration, two policies are necessary. First, effective regional services agreements are critical to enhancing the level of integration. Second, policies to increase the trade of crisis-resilient services, such as professional services and insurance, as opposed to crisis-vulnerable services, such as transport and travel, are necessary.
dc.languageEnglish
dc.publisherTaylor and Francis
dc.titleServices Trade Integration in Asia: Comparison with Europe and North America
dc.typeJournals
dc.subject.expertTrade Facilitation
dc.subject.expertTrade
dc.subject.expertEconomic integration
dc.subject.expertRegional Economic Integration
dc.subject.adbEconomic planning
dc.subject.adbEconomic structure
dc.subject.adbGrowth policy
dc.subject.adbTrade relations
dc.subject.naturalRegional economics
dc.subject.naturalEconomic forecasting
dc.subject.naturalEconomic development projects
dc.subject.naturalSuccess in business
dc.title.seriesJournal of the Asia Pacific Economy
dc.title.volumeVol.19, Issue 1
dc.contributor.imprintTaylor and Francis
oar.themeTrade
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008014
oar.authorHamanaka, Shintaro
oar.importtrue
oar.externallinkhttp://www.tandfonline.com/doi/abs/10.1080/13547860.2013.818425#.VSX2IS7lw1k
oar.googlescholar.linkpresenttrue


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