The purpose of this study is to assess the impact of participation by Asia-Pacific countries (APC... more The purpose of this study is to assess the impact of participation by Asia-Pacific countries (APCs) in the General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) on their reciprocal trade from 1993–2021. The reduction of various barriers due to the APCs’ participation in the GATT/WTO, as well as in trade agreements, has contributed to the fact that, over the past three decades, trade in the Asia-Pacific region (APR) has become predominantly intra-regional. The estimates obtained by the author point to the long-term, positive impact of membership in the GATT/WTO on the trade of the APCs, explaining the dominance of the effect of globalization over the effect of regionalization. The processes of globalization and regionalization in the APR were neither conflicting nor complementary to each other. The estimates developed by the author show that the effects of the APCs’ participation in the GATT/WTO contributed to an increase in intra-regional trade by 129% and to an...
The purpose of this study is to assess the impact of participation by Asia-Pacific countries (APC... more The purpose of this study is to assess the impact of participation by Asia-Pacific countries (APCs) in the General Agreement on Tariffs and Trade/World Trade Organization (GATT/WTO) on their reciprocal trade from 1993–2021. The reduction of various barriers due to the APCs’ participation in the GATT/WTO, as well as in trade agreements, has contributed to the fact that, over the past three decades, trade in the Asia-Pacific region (APR) has become predominantly intra-regional. The estimates obtained by the author point to the long-term, positive impact of membership in the GATT/WTO on the trade of the APCs, explaining the dominance of the effect of globalization over the effect of regionalization. The processes of globalization and regionalization in the APR were neither conflicting nor complementary to each other. The estimates developed by the author show that the effects of the APCs’ participation in the GATT/WTO contributed to an increase in intra-regional trade by 129% and to an...
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