The development key point of world economy is gradually transferred to theAsia Pacific Zone, and the development key point of Asia Pacific economic zone focuses on the East Asia. As a result, a blue-printed plan of the ¡§East Asia economic zone¡¨ attracts the attention of all people in the world. There is no doubt that one day ¡§East Asia economic zone¡¨ will play an important role in world economy. Besides, with the developmental trend both of Global Economic integration and of regional bloc, the strategy of one-nation module will no longer work. Nations should follow EU, NAFTA, ASEAN and APEC, and unite together for mutual benefit of making themselves more competitive and of winning a more important position in the new world economy. Since both sides of the Taiwan Straits join the WTO, on one hand, our domestic market has opened gradually, and on the other, Mainland China¡¦s economy has grown quickly, winning a important role in International organization of economy and trade. The proposals regarding regional economic integration, such as ¡§ASEAN plus one¡¨ and ¡§ASEAN plus three,¡¨ enhance Mainland China influence on neighboring nations. After Mainland China signed the trade agreement(CEPA) respectively with Hong Kong and Macao, marginalizing Taiwan¡¦s economic and trade. As a result, cooperative institution, such as common market, across both sides of the Taiwan Straits is necessary. The stably economic exchange between the two sides of the Strait is one of the critical factors of estimating the stabilities of Asia Pacific economic zone¡¦s development. After the two trips succeeded, one is Kuomintang¡¦s chairman Lien Chan¡¦s trip on the 26th April, this yean and the other is People First Party¡¦s chairman James Song¡¦s party on the 5th May, make the blue-printed plan of common market between the two sides of the Strait practicable. Global Economic integrationRegional Economic integration¡Beconomic and trade marginalization¡Bcommon market¡Bcooperative institution

¡@¡@¡@¡@¡@¡@¡@¡@¡@¡@Abstract ¡@¡@In 1997 when Hong kong was returned to mainland China, one state - two systems was promoted. Politics was governed by basic laws. But on economic aspect, it was not until the promotion of CEPA that the economic development was apparently led by the Government, which is completely different from Hong Kong's free marketing trade. Such is the focus of all. The treaty signed between China and Hong kong came into effect in January, 2004. The content mainly includes in three areas -tax -relief on trade products, the import of service trade and investment coporation. CEPA has been carried out for the passed two years, and Hong kong's economic has since climbing upward along side with the tide of the world. To the Taiwanese bussinessmen this has become an increased investment competition stress for them in mainland China. And in turn it might affect Taiwan's economic status. So the influence is profound. ¡@¡@This article first tries to understand the related theories of regional economic integration. Focusing on the present stage after China and Hong Kong signed the treaty CEPA, to observed the operation of the allotment of political strategy between the Central government, localities and Hong Kong. To further understand through refering to all the problems and observation analysis done by experts. To practically understanding the practice of political strategy allotment and the interaction between various regions. With an attempt of analysing the value of political strategies which could in turn benefit analysis study on the adjustment of various trade strtegies. Analysing each and every factor that might cause the future economic development of Hong Kong and Taiwan which includes Govrnments setting of political strategies, international factor and China factor. Try to totally comprehend the role plays by Hong Kong and its interaction with other regional and international economic and trade On the other hand , it is to merge this article's diverse analysis on the impact of CEPA against Taiwan. And to suggest countermeasures in regards to the development of such situation. So as to enhance our competitiveness and to avoid the risk of being cornered. ¡@¡@This context intents to grant the basic introduction of regional economic integration to those who are concerned with China - Hong Kong's CEPA. It also serives as a reference to broaden the sight of business administraters. Last but not least, your comments are most appreciated. Key words¡GCEPA ¡BTheory of integration,regional economic integration,Pan Pearl River Delta¡]PPRD¡^

This dissertation consists of three essays in international trade. The first chapter analyzes integration strategies of Korean firms that involve producing final products and providing post-production services for serving geographically separate foreign markets: high-income and low-income countries. I present a model in which heterogeneous firms must provide services for products through their subsidiaries in host countries, but can produce output in different locations. The model shows that the firm's equilibrium decision depends on its own productivity level and economic variables that affect production location and providing services. Using plant- and firm-level data of Korean firms, the empirical analysis provides the results that support the model's predictions. The second chapter analyzes the effects of regional economic integrations on investment patterns among Korean multinational firms. Using Korea's middle-income status, we develop a model in which heterogeneous firms in a middle-income country decide on the optimal FDI strategies for serving different regions: a developed (EEA) and a developing (AFTA) trade integrated regions. Following reduced trade costs between countries inside the trade integrated region, our model predicts that integrating into a regional economic zone affects firms with low productivity levels to enter the region via complex FDI strategies. Depending on the size of the region, however, complex FDI strategies differ such that firms investing in developed region tend to undertake local and export sales to the third country, whereas firms investing in developing region are more likely to engage in not only local and export sales to the third country, but also export sales to the parent country. The empirical analysis confirms the effect of different regional economic integrations on the strategy of firms with different productivity levels. The last chapter examines the conditions under which technology spillovers through workers' movement occur between foreign affiliates in the host country and determine whether such spillovers can affect the exporters' decisions to switch their strategies to serve foreign markets via FDI. Developing a simple two-period duopoly model, I find that the occurrence of technology spillovers is dependent on firm and host country characteristics such that spillovers are more likely to arise when firms have similar technology capabilities and in countries that incur low cost of training local workers. Under these circumstances, exporters are more likely to switch to FDI for serving foreign markets. However, I find that transport costs of goods have ambiguous effect on the occurrence of spillovers and thus, do not play a marginal role in exporters' decision. / text

Applying market arbitrage theory on daily data, we measure the empirical financial market convergence of NAFTA’s financial markets since 1994. Radar diagram and wavelet multi-resolution analysis (MRA) scalogram movies of the statistical moments of the term interest rate differentials visualize the multidimensional convergence. From the radar movies, we find: 1) a uniform disappearance of the average forward premia; 2) a non-uniform decline of bilateral financial market risk; 3) variation of bilateral financial market pressure measured by skewness; and 4) emergence of uniform market microstructures as measured by vanishing excess-kurtosis. From the MRA movies, we find that the national term structures of interest rates converge, since the stochastic resonance coefficients of the interest rate differentials lose significance: market energy at all frequencies dissipates into “white noise.” Testing Obrimah, Prakash and Rangan’s (2009) Lemma, we find that, after 2002, higher financial flow pressure is a necessary condition for lower financial market risk. / vii, 67 leaves ; 29 cm

This thesis is a discussion on whether every sector of human activity really is or needs to be 'global'. It discusses the impact that economic globalization has on the role of the nation-state and on the concept of democracy, at both local and international levels. Particular emphasis is put on some of the democratic challenges associated with dispute settlement at the WTO and also under foreign investment international instruments. It is argued that increased participation by non-state actors, particularly NGOs, in state-to-state and in investor-state arbitration threatens to weaken the arbitration process and does little to remedy alleged democratic deficiencies. The author concludes that many democratic concerns regarding these types of dispute settlement processes may be better addressed by strengthening national democracies. Increased public information, consultation, and participation in the shaping of foreign policy could reduce much of the criticism concerning both, international dispute settlement and decision-making.

In this thesis, the author investigates the link between the process of economic and political integration within the European Union and the phenomenon of nationalist assertion. By examining the cases of Flanders and Scotland, it is argued that increased nationalism is a normal and predictable outcome of the process of integration in general, and of the EU more specifically. By analysing four factors--economic incorporation, system-wide policies, systems of transfer payments, and political isolation--the author finds two trends within the nationalist movements. The first is that the nationalist groups seek to acquire several of the powers currently held by the states of which they are currently part, Belgium and the United Kingdom respectively. The second is that these sub-state groups see themselves as part of a new order in which states are losing their significance. Neither of the theories associated with these observations on their own, however, satisfactorily explains the link between integration and increased nationalist assertion in the nationalist movements studied. The conclusion is that the nationalist groups accept the concept of an authority above the level of the state, nation, or region, but emphasise the necessity of a large degree of regional autonomy and a real voice for these regions in the decision-making process of this authority. Since the European Union is and always has been an exclusive club of member states, nationalist groups consider, within the framework of current institutional arrangements, that full statehood may be the only way to achieve their goals.

Has economic integration improved the postwar growth performance of the actual fifteen member states of the European Union (EU)? To answer this question, we first construct an index of integration for each member state that explicitly accounts for global integration (GATT) as well as regional (European) integration. Using this variable, we test for permanent and temporary growth effects in a dynamic growth accounting framework, both in a time series setting for the (aggregate) EU and a panel approach for the EU member states. Although the hypothesis of permanent growth effects as postulated by endogenous growth models with scale effects is clearly rejected, we find significant levels effects: GDP per capita of the EU would be approximately one fifth lower today, if no integration had taken place since 1950. Interestingly, two third of this effect are due to GATT-liberalization. (author's abstract) / Series: EI Working Papers / Europainstitut

The thesis examines the economic integration process of refugees in rural Sweden, and its relation to geographical mobility. The mechanisms behind the integration process are explored through the concepts of networks, social bridge, and scalar. It is concluded that having a function that plays the role of a social bridge within networks positively affect the economic integration process for refugees. Factors that provide fundamental conditions for the function of a social bridge is identified to be cultural understanding and trustworthiness. The thesis highlights the spatial aspects of the case study area by considering networks between different scalar of global, national, and local. Through analyzing the positioning of the locality, relations are found with characteristics of refugees coming to the place. Those refugees mismatch with the local labor demand, yet they have positive impacts on the location in terms of a demographic aspect and internationalization opportunities. Under this condition, a social bridge is understood to be vital for overcoming the gap between the labor demands and a welcoming attitude toward refugees. As social bridge fosters interactions between refugees and society, it also has a positive effect on refugees’ mobility and attitude toward a place. Interaction opportunities provide a base for a new identity formation for refugees, which is essential to generate a sense of home. Feeling the place to be one’s home contributes to refugees staying. A critical realistic approach has been chosen as the way of studying integration process. By means of statistical data, employment patterns are explored in this area. A semistructured interview study was used to analyze the networks in depth.

This thesis explores the marketing of American capital goods in the Latin American Free Trade Association (LAFTA).The Importance of capital goods to LAFTA development was discussed. Machinery used for the production of other products is Important since LAFTA must achieve self-sufficiency by providing products manufactured in LAFTA before a common market is established.The problems of regional Integration were analyzed. These problems must be resolved If the common market Is to be functional by 1985. This date was established at Punta del Este, Uruguay, In 1967 by the chief executives of all Latin American nations.'In order to determine how American firms are preparing for the Latin American common market a mailed questionnaire was sent to 100 manufacturers of seven categories of capital goods. The 42 responses were analyzed to determine if American manufacturers are preparing for regional integration.The conclusion is that American firms are not confident that there will be a Latin American Common Market and they are not actively assisting LAFTA nations to achieve self-sufficiency.

This thesis employs a dynamic form of the gravity model and data from 1988-2005 to estimate the effects of RTAs in SSA on intra-African trade. The thesis proposes a better approach to examining member-nonmember trade relations of RTAs. This thesis is unique because it uses System GMM estimator to overcome econometric issues associated with estimating dynamic models. The results suggest that COMESA and SADC has led to a significant increase in intra and extra-RTA trade. ECOWAS has increased intra-ECOWAS trade but decreased extra-ECOWAS trade. ECCAS has had a negative impact on both intra-ECCAS and extra-ECCAS trade flows. The proposed approach of examining member-nonmember relationships provides better estimates. A comparative analysis is made to shed light on how high or low the trade creation effect of RTAs in SSA are. The results of this thesis support the view that the impact of RTAs in SSA is higher than perceived. / x, 61 leaves ; 29 cm