KOKUSAI KEIZAI

Building East Asia Community

How Do We Converge Different Expectations and Overcome Various Impediments?

Ippei Yamazawa

2007 Volume 2007 Issue 58 Pages 5-15
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.5

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While East Asian Community is shared widely in East Asia as a long-term goal, economic, political/diplomatic, and other conditions need to be filled in order to achieve it.Individual East Asian economies have different visions and expectations for East Asian Community, which tend to impede community building.We have to identify them correctly and search for a roadmap so as to realize a maximum benefit for as many member economies as possible.To conclude, I propose a new research and educational approach by organizing a multicultural and inter-generational joint study.

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[title in Japanese]

[in Japanese]

2007 Volume 2007 Issue 58 Pages 16-17
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.16

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Establishment of the Intra-Regional Monetary Union

Imperative for the Future of Japan and Asia

Eiji Yamashita

2007 Volume 2007 Issue 58 Pages 18-44
Published: October 10, 2007
Released on J-STAGE: July 04, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.18

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The necessity of East Asian regional integration lies in economics.It comes particularly from three important lessons, namely (1) the experience of the European Monetary System (EMS), (2) the Asian crisis in 1997, (3) “the lost decade or so of the Japanese economy” commencing on the beginning of the 1990s.
Europe has been able to isolate the adverse effects of the dollar's large swings and volatility, by establishing the common intra-regional monetary systemwith a fixed exchange rate regime of the EC Snake from April 1972 and its successor, the EMS from March 1979.
On the other hand, Japan and Asia have been tossed about by the dollar's largeswings and volatility, because Asia did not have any intra-regional monetary framework.Therefore, it is imperative for Japan and Asia to establish an intra-regional monetary system in an attempt to minimize the adverse effects of the dollar's persistent instability.

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[title in Japanese]

[in Japanese]

2007 Volume 2007 Issue 58 Pages 45-46
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.45

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A Shift from Market-driven to Institution-driven Regionalization in East Asia

Shujiro Urata

2007 Volume 2007 Issue 58 Pages 47-68
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.47

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East Asia has been witnessing a shift from market-driven regionalization to institution-driven regionalization since the late 1990s.Prior to the financial crisis in 1997, a market mechanism, which became to function efficiently thanks to substantial liberalization in trade and foreign direct investment polices, was a major promoter of regionalization in East Asia.Since the crisis, institutional factors such as free trade agreements and cooperation programs have increased their importance in regionalization.To achieve further economic growth, East Asian countries need to establish a region-wide FTA and an economic community.Japan, the most advanced country in the region, is expected to play a leading role in establishing such institutions.

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GMO Trade and the International Regulation Structure and Perspective of the International Regulations

Toshikazu Yamakawa

2007 Volume 2007 Issue 58 Pages 69-89
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.69

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International dispute concerning the trade and “safety issues” have significant implication.It is how to control the trade goods which have the characteristic caused by the use of the specific chemicals or additives, and biotechnology, especially “Genetically Modified (GM) technology”.
In this article, we explore GMO trade and the international regulations. Especially we focus on“The Cartagena Protocol on Biosafety”.Aim of this paper is clarifying the structure of international regulation regimes concerning GMO trade and showing the perspective of future GMO regulation.

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Competition Policy, Export Subsidies and Economic Welfare

Masayuki Hayashibara

2007 Volume 2007 Issue 58 Pages 90-113
Published: October 10, 2007
Released on J-STAGE: April 13, 2011

DOIhttps://doi.org/10.5652/kokusaikeizai.2007.90

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We examine, in a three country model in oligopoly competition, the effect of competition policy by an import country on the timing of two export country subsidy game as well as economic welfare.
Main conclusions in this paper are as follows: [1] If fixed cost for import country firms is low (high), then the free entry equilibrium number of firms is large (small) and the timing of export subsidy game is simultaneous (sequential). [2] Under the free entry policy by the import country, simultaneous intervention by two export countries does not affect the welfare of the import country but improves national welfare of each export country. [3] The free entry equilibrium number of firms is insufficient for maximizing national welfare of the import country.

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