By Hadrian Geri Djajadikerta
This publication deals a set of reviews on local integration and the dynamic enterprise atmosphere in East Asia. The papers incorporated, initially offered on the 2014 Asia Pacific enterprise convention on "Free exchange Agreements and neighborhood Integration in East Asia," research the demanding situations and dynamics within the more and more built-in East Asian markets and description a brand new paradigm for doing foreign enterprise within the zone. The papers handle various parts with regards to local integration, monetary markets, funding, exchange and capital move, sustainability, accounting and auditing concerns, alternate charges, ideas and the local company surroundings. The publication offers a helpful source for practitioners, policy-makers and scholars who're drawn to realizing the colourful points of industrial in today’s East Asia.
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Extra resources for A New Paradigm for International Business: Proceedings of the Conference on Free Trade Agreements and Regional Integration in East Asia
Moreover, the differences of concerns toward the sensitive industries will also increase the difficulty of negotiations. For example, the sensitive industries of Japan include agriculture, steel, energy, service, textile, processing, and shipbuilding. The sensitive industries in Korea include the agricultural industry, energy industry, and processing industries like costume and textile. The sensitive industries in China include the chemical engineering industry, automobile industry, electric and information industry, mechanical equipment industry, financial industry, retail industry, medium- and high-end manufacturing 46 Z.
The economic integration among Russia, Belarus, and Kazakhstan has created extremely strategic and fairly impressive short-term effect. For example, the mutual trade increase has become more than three times of the foreign trade increase, with the former one increased by 9 % and the latter one 3 %. Before the unified economic space was founded, the interior trade increase of the three countries was inferior to that of the foreign trade. In addition, according to statistics, the trade volume of machinery and technical products increases comparatively larger, including agricultural machinery, coaches, tractors, motorcycles, computers, televisions, and other high value-added products.
And at the same time, there remain budgetary pressures within government which mean that detailed cost/benefit and/or econometric FTA feasibility studies are time consuming and use much public resources. Therefore, policymakers need to have a ‘checklist’ of desirable characteristics for being able to predict the suitability of an FTA partner country as this would save resources that may otherwise have been spent on costly (and, in some cases, unnecessary) benefit/cost research. This would also lead to a better use of policymakers’ time.