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Introduction

Introduction The Japanese Economic Review Vol. 56, No. 4, December 2005 JERE The Japanese Economic Re Japanese Economic Blackw Oxford 1352-4739 December 2005 56 4 Original Ar The Japanese Economic Re G. Saxonhouse, R. , UK ell Pub ticle lishing, Ltd. W Association 2004 akasugi: Introduction to Symposium vie view w Symposium on Empirical Issues in the Economic Integration of Japan and East Asia By GARY SAXONHOUSE† and RYUHEI WAKASUGI‡ †University of Michigan ‡Keio University The past decade has seen an enormous change in East Asian trade and investment arrangements. Since entering the World Trade Organisation, China has emerged as an important force both in international trade and as a host for direct foreign investment. Japan, Korea and Taiwan, together with the USA and the European Union, all have major investments in China; for example, Japanese assembly operations are now so extensive there that China has replaced the USA as Japan’s primary export market. While East Asia has been rapidly integrating under the existing WTO framework, there is clear evidence of an interest in deeper integration. Where throughout the second half of the twentieth century China, Korea and Japan held themselves aloof from regional trading arrangements, this is no longer http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Japanese Economic Review Springer Journals

Introduction

Saxonhouse, Gary; Wakasugi, Ryuhei
The Japanese Economic Review , Volume 56 (4): 3 – Dec 1, 2005
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Publisher
Springer Journals
Copyright
2005 Japanese Economic Association
ISSN
1352-4739
eISSN
1468-5876
DOI
10.1111/j.1468-5876.2005.00336.x
Publisher site
See Article on Publisher Site

Abstract

The Japanese Economic Review Vol. 56, No. 4, December 2005 JERE The Japanese Economic Re Japanese Economic Blackw Oxford 1352-4739 December 2005 56 4 Original Ar The Japanese Economic Re G. Saxonhouse, R. , UK ell Pub ticle lishing, Ltd. W Association 2004 akasugi: Introduction to Symposium vie view w Symposium on Empirical Issues in the Economic Integration of Japan and East Asia By GARY SAXONHOUSE† and RYUHEI WAKASUGI‡ †University of Michigan ‡Keio University The past decade has seen an enormous change in East Asian trade and investment arrangements. Since entering the World Trade Organisation, China has emerged as an important force both in international trade and as a host for direct foreign investment. Japan, Korea and Taiwan, together with the USA and the European Union, all have major investments in China; for example, Japanese assembly operations are now so extensive there that China has replaced the USA as Japan’s primary export market. While East Asia has been rapidly integrating under the existing WTO framework, there is clear evidence of an interest in deeper integration. Where throughout the second half of the twentieth century China, Korea and Japan held themselves aloof from regional trading arrangements, this is no longer

Journal

The Japanese Economic Review – Springer Journals

Published: Dec 1, 2005

Keywords: economics, general; microeconomics; macroeconomics/monetary economics//financial economics; econometrics; development economics; economic history

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