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Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific

image of Challenges and Opportunities for Trade and Financial Integration in Asia and the Pacific
This book brings together chapters that explore various aspects of trade and financial integration in Asia and the Pacific, the reasons for the lack of it, and potential benefits of strengthening such integration. The book focuses on the exploration of challenges and opportunities that exist in intraregional trade in goods, integration in services trade, availability of trade finance as well as inflows of portfolio investments. The papers have been written by researchers who have applied their extensive expertise and analytical skills to studying the impacts of regional trade liberalization and motivation for financial flows.

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What behind-the-border reforms in services and investment are best done through trade agreements?

What behind-the-border reforms in services and investment are best done through trade agreements’ One way to answer this question is to think of trade agreements as being exercises in piecemeal reform, in the sense that they provide opportunities for reform, but in a constrained, partial manner. The key policy question is whether countries should unreservedly take advantage of these opportunities, despite the constraints, or whether the nature of the constraints should temper the way in which they go about the reforms.

English

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