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2. Philippine-United States Trade Relations: Looking Back and a Way Forward
- Author:
- Marissa Maricosa A. Paderon
- Publication Date:
- 06-2022
- Content Type:
- Special Report
- Institution:
- East-West Center
- Abstract:
- Dr. Marissa Maricosa A. Paderon, Associate Professor of the Department of Economics at the Ateneo de Manila University and current Commissioner at the Philippine Tariff Commission, explains how the two nations have forged relationships across many sectors of trade, especially electronics and agriculture, and discusses the importance of the Trade and Investment Framework Agreement (TIFA) and US Generalized System of Preferences (GSP) in Philippine-US economic relations.
- Topic:
- International Relations, Agriculture, Economics, and Trade
- Political Geography:
- Philippines, North America, Asia-Pacific, and United States of America
3. No Time to Lose: Renew the Compacts of Free Association
- Author:
- Emil Friberg
- Publication Date:
- 06-2022
- Content Type:
- Special Report
- Institution:
- East-West Center
- Abstract:
- Emil Friberg, PhD., Adjunct Professor at Georgetown University, former Assistant Director/Senior Economist at US GAO, explains that "[a]nnual US Compact assistance is a strategic bilateral connection at a time of mounting security concerns."
- Topic:
- Security, Economics, Bilateral Relations, and Foreign Assistance
- Political Geography:
- North America, Asia-Pacific, United States of America, and Micronesia
4. Timor‐Leste’s ASEAN Membership Prospects in a Time of Geopolitical Ambiguity
- Author:
- Hannah Foreman
- Publication Date:
- 01-2021
- Content Type:
- Special Report
- Institution:
- East-West Center
- Abstract:
- Timor-Leste is a small democratic country in an increasingly strategic region. Since gaining independence in 2002, Timor-Leste has made remarkable progress as Asia’s youngest democracy, but it has a long way to go in improving its economic and political situation. ASEAN membership for the Timorese is viewed as a way to reconcile economic, security, and geopolitical interests, while carving out a regional identity. Timor-Leste’s push for ASEAN membership started in 2011 and intensified during the latter half of 2019 when Foreign Minister Dionisio Babo Soares visited all ten ASEAN capitals in the summer followed by ASEAN fact finding missions in Dili in the fall. While Timor-Leste’s response to COVID-19 is impressive, the economic toll continues to be severe. Therefore, ASEAN membership is a comparatively lower priority this year, but is still under consideration by members, based on Vietnamese Prime Minister Nguyen Xuan Phuc’s speech during the recent ASEAN Summit.
- Topic:
- Security, Economics, Democracy, Geopolitics, and COVID-19
- Political Geography:
- Timor-Leste and Asia-Pacific
5. S-Japan Relations and Southeast Asia: Meeting Regional Demands
- Author:
- Saul P. Limaye and Tsutomu Kikuchi
- Publication Date:
- 01-2016
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- Until recently, Southeast Asia had not been a region of sustained focus for the US-Japan relationship. But the situation is changing. The international relations of the Asia-Pacific is becoming more "multipolarized." This requires the US and Japan to think about the future of the region beyond the issue of US-China relations, which has preoccupied past discussions. A number of nations and institutions in the Asia-Pacific region will substantially affect the region's future. Southeast Asian nations and the Association of Southeast Asian Nations (ASEAN) are among them. A new era of more coordinated, sustained, and combined commercial and security involvement by the US and Japan in Southeast Asia may be at hand. In light of these changes, the East-West Center in Washington (EWCW), in collaboration with the Japan Institute of International Affairs (JIIA), and through the support of the Sasakawa Peace Foundation (SPF), initiated a dialogue with Southeast Asians about their perspectives on how the US-Japan relationship and alliance could or should approach cooperation with the region.
- Topic:
- Security, Economics, Markets, and Peacekeeping
- Political Geography:
- United States, Japan, China, and Asia-Pacific
6. Unconventional Monetary Policy, Spillovers, and Liftoff: Implications for Northeast Asia
- Author:
- Marcus Noland
- Publication Date:
- 11-2015
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- Unconventional monetary policy (UMP) has had predictable effects. How exit plays out is scenario-dependent. Quantitative easing has had the predictable effect of encouraging currency depreciation and some partner countries may have attempted to offset these exchange rate effects. Korea presents a particularly interesting case: it is relatively small and relatively open and integrated, in both trade and financial terms, with the United States and Japan, two practitioners of UMP. Authorities have acted to limit the won's appreciation primarily against the currency of China, not the US or Japan. Nevertheless, Korea's policy is a source of tension with the US. Under legislation currently being considered, the currency manipulation issue could potentially interfere with Korean efforts to attract direct investment from the US and create an obstacle to Korea joining the Trans-Pacific Partnership.
- Topic:
- Economics, International Trade and Finance, Markets, Monetary Policy, and Financial Markets
- Political Geography:
- Korea and Asia-Pacific
7. ASEAN Centrality and the ASEAN-US Economic Relationship
- Author:
- Peter A. Petri and Michael G. Plummer
- Publication Date:
- 03-2014
- Content Type:
- Policy Brief
- Institution:
- East-West Center
- Abstract:
- ASEAN has become a focal point of the rapidly changing economic architecture of the Asia-Pacific region. ASEAN members are increasingly stable and politically confident, and constitute an emerging economic powerhouse. The region is dynamic, with 600 million citizens and a gross domestic product (GDP) that exceeds $2 trillion and is expected to grow 6 percent annually for the next two decades. (The Appendix at the end of this paper reports detailed output and trade projections to 2025.) Through deeper internal integration via the ASEAN Economic Community (AEC) and external initiatives such as the Regional Comprehensive Economic Partnership (RCEP), ASEAN is becoming a driving force in regional cooperation and a much-courted economic partner. The AEC and the RCEP projects are globally significant: the AEC could generate powerful demonstration effects for other developing regions, and the RCEP could become an important building bloc of the multilateral trading system.
- Topic:
- Security, Economics, International Trade and Finance, and Markets
- Political Geography:
- United States, East Asia, Asia, and Asia-Pacific
8. The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment
- Author:
- Peter A. Petri, Michael G. Plummer, and Fan Zhai
- Publication Date:
- 10-2011
- Content Type:
- Working Paper
- Institution:
- East-West Center
- Abstract:
- Two emerging tracks of trade agreements in the Asia-Pacific—one based on the proposed Trans-Pacific Partnership (TPP) agreement and an Asian track—could consolidate the “noodle bowl” of current smaller agreements and provide pathways to a Free Trade Area of the Asia-Pacific (FTAAP). We examine the benefits and strategic incentives generated by these tracks over 2010-2025. The effects on the world economy would be small initially but by 2025 the annual welfare gains would rise to $104 billion on the TPP track, $303 billion on both tracks, and $862 billion with an FTAAP. The tracks will be competitive but their strategic implications are constructive: each would generate incentives for enlargement. Over time, strong economic incentives would emerge for the United States and China to consolidate the tracks into a region-wide agreement. Each track would bring a different template to such consolidation and can be viewed as defining a “disagreement point” in the Asia-Pacific bargaining game. The study is based on an analysis of 48 actual and proposed Asia-Pacific trade agreements and models impacts on variables including sectoral trade, output, employment and job shifts in 24 world regions.
- Topic:
- Economics and International Trade and Finance
- Political Geography:
- United States, China, Israel, Asia, Australia/Pacific, and Asia-Pacific