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"ECONOMIC INTEGRATION"
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Asset Revaluation and the Existential Politics of Climate Change
2021
Whereas scholars have typically modeled climate change as a global collective action challenge, we offer a dynamic theory of climate politics based on the present and future revaluation of assets. Climate politics can be understood as a contest between owners of assets that accelerate climate change, such as fossil fuel plants, and owners of assets vulnerable to climate change, such as coastal property. To date, obstruction by “climate-forcing” asset holders has been a large barrier to effective climate policy. But as climate change and decarbonization policies proceed, holders of both climate-forcing and “climate-vulnerable” assets stand to lose some or even all of their assets' value over time, and with them, the basis of their political power. This dynamic contest between opposing interests is likely to intensify in many sites of political contestation, from the subnational to transnational levels. As it does so, climate politics will become increasingly existential, potentially reshaping political alignments within and across countries. Such shifts may further undermine the Liberal International Order (LIO); as countries develop pro-climate policies at different speeds and magnitudes, they will have incentives to diverge from existing arrangements over trade and economic integration.
Journal Article
Transnational Dynamics in Southeast Asia
by
Fau, Nathalie
,
Taillard, Christian
,
Khonthapane, Sirivanh
in
BUSINESS & ECONOMICS
,
Economics
,
Government & Business
2013,2014
Since the 1990s, regional organizations of the United Nations and international financial institutions have adopted a new dynamic of transnational integration, within the framework of the regionalization process of globalization. In place of the growth triangles of the 1970s, a strategy based on transnational economic corridors has changed the scale of regionalization.
Thanks to the initiative of the Asian Development Bank, Southeast Asia provides two of the most advanced examples of such a process in East Asia with, on the one hand, the Greater Mekong Subregion, structured by continental corridors, and on the other, the Malacca Straits, combining maritime and land corridors. This book compares, after two decades, the effects of these developing networks on transnational integration in both subregions.
After presenting the general issue of economic corridors, the work deals with the characteristics and structures peculiar to these two regions, followed by a study of national strategies mobilizing actors at different levels of state organization. There follows a study of the emergence of new urban nodes on corridors at land and sea borders, and the impact of these corridors on the local societies. This approach makes it possible to compare the effects of transnational integration processes on the spatial and urban organization of the two subregions and on the increasing diversity of the stakeholders involved.
Assessing the Benefits of the ASEAN+6 Single Window for ASEAN Members
by
Sithanonxay Suvannaphakdy, Guo Wei Kevin Neo
in
ASEAN
,
Electronic commerce-Southeast Asia
,
International economic integration
2022
The ASEAN+6 Single Window (ASW+6) in this study refers to the geographic expansion of the ASEAN Single Window (ASW) to enable cross-border electronic exchange of trade-related data and documents among ASEAN member states and six FTA partners, namely, Australia, China, India, Japan, New Zealand and South Korea. The ASW is part of ASEAN's trade facilitation reform to reduce intraregional trade costs and time.This study considers cross-border paperless trade measures to represent the implementation of ASW+6, using data from the UN Global Survey on Digital and Sustainable Trade Facilitation in 2019. The simulation analyses reveal that the ASW+6 has significant potential to reduce times required to export and import, and to boost trade in ASEAN and its FTA partners.Partial implementation of cross-border paperless trade measures would imply an increase in ASEAN's exports of US102 billion annually. Under a more ambitious scenario of full implementation of cross-border paperless trade, the export gain for ASEAN would be US199 billion annually. At the same time, the time required to export would fall by anything between 19 to 98 per cent, depending on the reform scenario considered.Trade gains from a full-fledged ASW+6 have not yet been reaped: even strong performers such as Singapore, Australia and New Zealand have areas for improvements, and weaker performers such as Cambodia and Laos need to make significant progress to catch up with the rest of the region, and deepen their mutual trade integration.The sequence of expanding the ASW to FTA partners may begin with countries that are major sources of ASEAN's export gains identified in this study and those that have expressed their political will to move in that direction. These are Japan and South Korea. The ASW should then be enlarged to remaining FTA partners, especially China and India.While trade
gains from ASW+6 are substantial, the implementation costs can also be significant due to different regulatory requirements across ASEAN+6 countries. Aid for trade and capacity-building to support the reform process have to be an integral part for the design of ASW+6.
Thank you M. Monnet
This book collects contributions by Richard T. Griffiths on the history of European integration, some published for the first time in English. The essays range in chronology from the early experiences with the Marshall Plan to the difficulties and opportunities for the EFTA countries afforded by association with the EEC in the 1970s and 80s. The book interprets European integration far wider than simply the current European Union and its forerunners. Thus, it devotes chapters to EFTA, the OECD, and to issues as agriculture, cartels and monetary problems. The volume also contains the essay in the title which poses the question of what would have happened had there been no Schuman Plan back in 1950. This book should appeal to students of contemporary history, especially those interested in EU history, and to political scientists who will discover a rich palette of case studies upon which to test their theories. Its constructively critical slant on developments provides interesting perspectives to those general readers seeking a nuanced approach between the extremes of the current pro- or anti- in the debates on Europe.
Emerging Markets Are Catching Up: Economic or Financial Integration?
2020
We propose a simple metric to measure two aspects of market integration, namely, economic integration (defined as a common cash-flow dynamic) and financial integration (defined as a common risk-pricing dynamic) and then examine their evolution through time while controlling for volatility. We find that developed (DEV) countries exhibit greater degrees of financial and economic integration than emerging (EMG) markets. Although the financial integration gap between these markets remains large throughout the sample period, the EMG economies are catching up with their DEV counterparts in recent years; their level of economic integration has reached that of DEV countries.
Journal Article